On July 15, the issuance of TRC 20-USDT increased to 60.8 billion, breaking the 60 billion mark for the first time in history. TRON also became the first blockchain with a single stablecoin market value exceeding 60 billion US dollars.

TRC 20-USDT is a stablecoin pegged to the US dollar issued by Tether based on the TRON network. Since its launch in April 2019, it has been popular among the majority of crypto users, and surpassed the Ethereum version of USDT for the first time in April 2021, officially opening the era of TRON dominating the stablecoin market. In October 2022, TRC 20-USDT was officially established as the national legal digital currency by the Government of Dominica. Since the beginning of this year, TRC 20-USDT has ushered in explosive growth, and nearly 12 billion pieces have been issued so far.

With the advantages of fast transfer speed, high security and low transaction fees, TRC 20-USDT has become the most popular on-chain stablecoin. As of now, the circulation of TRC 20-USDT accounts for 53% of the total supply of USDT on the entire network, the number of holding accounts exceeds 47.7 million, and the cumulative number of transfers has reached 1.87 billion. TRON's dominant position as the largest issuance network of USDT is continuing to consolidate.

As a model of integrating blockchain technology into real life, TRC 20-USDT has gained support from many mainstream exchanges and wallets. Its usage scenarios cover financial trust, shopping payment, travel settlement, live streaming consumption and many other aspects, playing an important role in value circulation globally.

With the mission of building a Metaverse Financial Free Port and promoting financial inclusion, TRON will continue to leverage the fast, secure and low-cost advantages of TRC 20-USDT to expand its usage scenarios and promote the popularization of blockchain and stablecoins around the world.