Surge In USDT Trading Volume Spells Massive Adoption Increase-web3.0-php.cn

Surge In USDT Trading Volume Spells Massive Adoption Increase

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Jun 22, 2024 pm 04:16 PM

The 24-hour trading volume of USDT (Tether) issued on the Tron network has reached an impressive $53.031 billion, surpassing the average daily trading volume of Visa.

Surge In USDT Trading Volume Spells Massive Adoption Increase

The 24-hour trading volume of USDT (Tether) on the Tron network has reached an impressive $53.031 billion, surpassing the average daily trading volume of Visa.

In the first quarter of 2024, Visa reported a total trading volume of $3.7 trillion, with an average daily volume of $42 billion.

The 24-hour trading volume of $USDT on #TronNetwork is $53B, exceeding Visa's average daily trading volume.

Visa's trading volume in Q1 2024 was $3.78T and the average daily trading volume was $42B. pic.twitter.com/jolGKIUcxE

— Lookonchain (@lookonchain) June 21,2024

This achievement marks a significant milestone in the cryptocurrency industry, as USDT, a stablecoin pegged to the US dollar, has now surpassed the trading volume of one of the world's largest payment networks.

The development is particularly noteworthy given the recent efforts by several crypto projects to increase their trading volumes and mainstream adoption.

Collectively, these endeavors appear to be paying off as evidenced by the surging 24-hour trading volume of USDT on the Tron network, which now stands at an astonishing $53.031 billion.

This massive volume surpasses the average daily trading volume of Visa, which stood at $42 billion in the first quarter of 2024, according to the company's financial report.

The爆発的なsurge in USDT trading volume highlights the growing influence of cryptocurrencies in the global financial landscape.

As more people recognize the benefits and applications of digital assets, the line between traditional payment giants and cryptocurrencies continues to blur.

This trend signals a shift in the financial ecosystem, where digital currencies are gaining ground on traditional payment systems.

The increasing trading volume of USDT on the Tron network demonstrates how cryptocurrencies are becoming a viable alternative for large-scale transactions, challenging the dominance of established financial institutions like Visa.

As cryptocurrencies continue to evolve and integrate into mainstream finance, their influence and acceptance are set to expand further, heralding a new era of digital finance.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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News source：https://www.kdj.com/cryptocurrencies-news/articles/surge-usdt-trading-volume-spells-massive-adoption-increase.html

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