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Tron’s USDT Dramatically Outpaces Ethereum’s Token by Net Circulating Supply
In a surprising turn of events, Tether Transparency tracker reveals that Tron’s USDT has outpaced Ethereum’s token in terms of net circulating supply. As of now, Tron-based USDT accounts for over $58 billion, while only $43 billion are available on the Ethereum network.
This significant gap is an unprecedented development, especially considering Tron’s relatively smaller market share and the fact that it was launched much later than Ethereum. The massive difference highlights the remarkable growth of the Tron-based USDT token in a short period.
To put this into perspective, Tron’s USDT now accounts for nearly 45% of the overall USDT supply, while Ethereum’s USDT constitutes only around 25%. This substantial shift underscores the growing popularity and adoption of Tron-based stablecoins among users.
It is essential to note that this data is subject to change and might not be entirely accurate. Nonetheless, it serves as a striking indicator of Tron’s momentum in the blockchain space.
Tether Transparency Tracker reveals that there are $74.6 billion circulating as USDT ERC-20 tokens on the Ethereum network.
Source: u.today
