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.

Follow BlockchainJournal on Twitter !