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Making Sense of Tether on Tron | Liam Horne

liamhorne.com · 3,171 words · saved by 5 readers

My friends that work on Ethereum tend to be very surprised once they realize the most used cryptocurrency for payments is Tether on Tron. I was too when I first found out. Recently, I started to look more into it and here is what I learned! Global access to the US dollar has really turned out to be a killer app. They’re used for all kinds of things, like inter-exchange settlement, cross-border payments, and accessing a dollar product in countries with strict capital controls. They’re growing really fast, over 100% year-over-year in the past five years, from under $3B to over $125B1 of stablecoins in circulation today. Stablecoins today make up 70% of all cryptocurrency transaction volumes despite only composing 10% of the entire cryptocurrency market cap!2 Stablecoins even surpassed PayPal in total settlements in 2022: over $11T1 of volume settled on blockchains! That’s almost the size of the entire Visa network ($11.6T1). Even in bear markets for cryptocurrency trading, they continue

Making Sense of Tether on Tron - Liam Horne Liam Horne Theme: System Making Sense of Tether on Tron Written November 2023 --> My friends that work on Ethereum tend to be very surprised once they realize the most used cryptocurrency for payments is Tether on Tron. I was too when I first found out. Recently, I started to look more into it and here is what I learned! Stablecoins grew exponentially over the last five years Global access to the US dollar has really turned out to be a killer app. They’re used for all kinds of things, like inter-exchange settlement, cross-border payments, and accessi

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