USDC On Tron Blockchain Exceeds $600 Million

USDC On Tron Blockchain Exceeds $600 Million
фото показано с : zycrypto.com

2022-1-11 01:32

It appears that the Tron network is getting a serious shot in the arm as the amount of USDC on the Tron network increases. According to the latest data, the circulating supply of USDC on the Tron network has surpassed $620 million. That’s a huge milestone for a stablecoin that has only been on the network for a few months.

The Tron community has been in a bit of limbo since founder Justin Sun announced his move to retire from the Tron Foundation and announced the intention to dissolve the foundation in 2022. However, TRX is still holding up despite the current market slump. To be equitable, the entire crypto market is currently experiencing a critical moment.

Tron USDC was launched back in July 2021 by the CENTRE Consortium, and the numbers have been rising since then as Circle pledged its support for the Tron USDC.

Developers To Access Circlepay

As mentioned, Circle is a finance firm focused on providing internet-based financial infrastructure and facilitating payments for and between businesses. These payments are supported by the availability of the USDC stablecoin on the Tron network.

With the amount of USDC circulating on the network increasing, developers on the Tron network will have the chance to access the entire payment suite hosted on Circlepay, the payments system run by Circle. As such, these developers will also have more room to build related financial applications on the Tron network, further expanding the global reach of the already expansive Tron community.

Impact On TRX

It’s not yet clear how this increase in USDC on the Tron network will impact the market standing of TRX, which is the native crypto on Tron. At the time of this writing, TRX is trading at around $0.063, with a 24-hour value decline of 6.7% and a 7-day hit of 18.7%. Notably, this trend can be seen in other cryptos in the larger market.

An increase in the number of USDC available on the Tron network means an increase in activity involving the stablecoin. This is supported by over 300,000 addresses and transfers totaling upwards of 450,000 transactions per second. That said, only time will tell just how this new development affects the value of TRX.

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tron network usdc million latest according increases

Источник: zycrypto.com

tron network → Результатов: 126


Фото:

Состоялся релиз решения Sun Network для «неограниченного» масштабирования сети TRON

Разработчики криптовалютного проекта TRON объявили о релизе первой версии кодовой базы Sun Network. Among #SUNNetwork, #DAppChain is a side chain scaling project designed to provide unlimited scaling capacity for the TRON MainNet, enabling #DApps to run with lower #Energy consumption, higher security and efficiency on #TRON.

2019-8-12 12:09


TRON официально запустил тестовую сеть Sun Network

Представители блокчейн-проекта TRON сообщили о состоявшемся в начале июня запуске тестовой сети Sun Network. Предполагается, что решение позволит масштабировать экосистему TRON благодаря внедрению кроссчейн-коммуникаций и таких проектов, как ориентированный на масштабирование смарт-контрактов DAppChain, позволяющий снизить энергозатраты, повысить уровень безопасности и эффективности операций в сети.

2019-6-12 11:15


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Tron анонсировал обновление SUN Network и запуск собственного стейблкоина USDT

Основатель криптовалютного проекта Tron Джастин Сан назвал даты активации следующего обновления протокола SUN Network и запуска токена USDT на блокчейне Tron. #SUNNetwork is almost here 🚀 #Dapp sidechains, cross-chain infrastructures and some other expansion projects are coming! #SUNNetwork will further expand the overall capacity of #TRON network, improve the overall TPS and smart contract execution […]

2019-4-8 13:36


Two ways the Ethereum Network can pose as a Stronger Contender Against Tron

It is no news that the feud between Tron’s Justin Sun and Ethereum’s Vitalk Buterin is constantly being intensified with each passing day. At every given moment, both parties have not lost any opportunity to fire back at their perceived rival while highlighting new reasons to back up their opinions as to why one network […] The post Two ways the Ethereum Network can pose as a Stronger Contender Against Tron appeared first on ZyCrypto.

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