NewsletterJustin Sun Lauds USDT Supply Surpassing $50 Bln On TRON Network
In an exciting curve of events, the TRON community appears to have showcased a burst of breakthroughs across the broader crypto market on Saturday, as TRON founder Justin Sun spotlighted the community’s staggering developments within the crypto world. As seen in a recent post by Justin on the social media platform X, the Chinese-born Grenadian cryptocurrency entrepreneur congratulated the TRON community for jotting a noteworthy increase in USDT circulation supply on the Tron network.
Notably, as per Sun’s statement, the community now has over $50 billion USDT on Tron’s circulation, for the first time, propelling market optimism for its token. Meanwhile, the TRON price also surged remarkably, mirroring the community’s significant headway.
USDT On TRON’s Circulation Scales New Heights
As unveiled by Sun’s post on X, Tether’s total supply amounted to 50.82 billion USDT as of writing, with a whopping 36.46 million holders on the TRON blockchain. Furthermore, the stablecoin’s liquidity on DEXs also noted a marginal jump, reaching $63.76 million today, January 13.
With this, the TRON community seems to have advanced further with its cryptographic venture over the crypto horizon. Coinciding with the progress, Sun also stressed the community’s pivotal contribution leading to this achievement.
Moreover, in his post, the TRON founder illuminated another potential goal to be achieved soon by the token’s commune. Aligning with this, Sun proclaimed that the goal of issuing $100 billion on TRON stablecoins will be achieved shortly. This seems to have further piqued notable interest among crypto market traders and investors globally, propelling market optimism for the token.
Also Read: Binance Dethroned As Indian Traders Flock To Local Firms Amid Regulatory Scrutiny
TRON Price Surges
As of writing, the TRON price showcased a remarkable surge of 5.73% over the past 24 hours and is currently trading at $0.113. Furthermore, the trading volume also portrayed a prompt jump of 57.11%, mimicking the community’s monumental achievements.
Also Read: Solana Wallet Drainers Deploy New Tactic To Appear Trustworthy
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin to Drop to $10K? Bloomberg Analyst Makes Bold Prediction
- U.S. Banks May Soon Issue Stablecoins as FDIC Proposes GENIUS Act Framework
- Breaking: U.S. SEC Ends Four-Year Investigation Into Aave Amid Ongoing DAO Saga
- Breaking: U.S. Jobs Data Comes In Above Expectations, Bitcoin Price Rises
- Bitcoin Risks Deeper Fall on $20 Billion Crypto Hedge Fund Redemptions
- Solana Price Outlook After Charles Schwab Adds SOL Futures — What Next?
- Pi Network Stares at a 20% Crash as Whale Buying Pauses and Demand Dries
- Here’s How Dogecoin Price Could Rise After Crossing $0.20
- Is XRP Price Headed for $1.5 as Whales Dump 1.18B XRP in Just Four Weeks?
- Bitcoin Price Weekly Forecast as Gold’s Surge Revives Inverse Correlation — Is $85K Next?
- Ethereum Price Risks $2,600 Drop Despite JPMorgan’s New Fund on its Network
