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    ESP Blockchain Journal
    Home»Noticias»The share of Tether stablecoin based on Tron reached 12%

    The share of Tether stablecoin based on Tron reached 12%

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    By BlockchainJournal on octubre 25, 2019 Noticias, Noticias Tron
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    Tron-based USDT tokens account for more than 12% of the total offer of the most popular stablecoin.

    According to Tronscan , to date, 520 million Tether “stable coins” have been issued on the Tron blockchain.

    Given the current supply volume of Tether ( 4.1 billion USDT ), the share of TRC20 tokens in it is 12.65%.

    A significant increase in the share of USDT of the new standard occurred today, October 25th. Initially, the TRON Foundation wrote about the new 100 million TRC20 stablecoins:

    350 million to 450 million in 1 day! #TRON #TRX # TRC20 #USDT https://t.co/J0uZ1WjjUU

    – TRON Foundation (@Tronfoundation) October 25, 2019

    Then a Whale Alert Twitter account discovered a transaction with $ 40 million TRC20-USDT:

    ? ? ? ? ? 40,000,000 #USDT (40,167,429 USD) minted at Tether Treasury

    Tx: https://t.co/DSRqxwHYdi

    – Whale Alert (@whale_alert) October 25, 2019

    In a commentary on a tweet, Bitfinex Technical Director Paolo Ardoino explained that the transaction is the result of the migration of tokens from the Ethereum standard ERC20 to TRC20.

    Chain Swap, ERC20 to Tron https://t.co/B8BriolbJi https://t.co/BwJjeV5khO

    – Paolo Ardoino (@paoloardoino) October 25, 2019

    Note that against the background of these transactions, the price of bitcoin is growing:

    TradingView's BTC / USD Bitstamp Half-hour Chart

    Recall that Tether launched the Tron-based USDT in April this year.

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