365Crypto
Tether (USDT) continues to dominate the cryptocurrency market, with a massive $424 billion worth of transfers on the TRON network in September. This is one of the highest monthly transfer volumes ever recorded for the stablecoin, highlighting the increasing popularity of stablecoins like USDT.
Steady Growth Since 2019
USDT transfers on the TRON network have been steadily increasing since Tether was adopted in 2019. Initially, the monthly transfer volume was just $73 million, but by last year, that number had jumped to $304 billion. This year, USDT transfers on TRON have surged by 25% compared to 2023, showing continued growth.
The Importance of Stablecoins
Tether remains a key tool for crypto traders, with a market cap of $119.75 billion. Its stability compared to other cryptocurrencies makes it a popular choice for transfers and transactions. As stablecoins continue to gain traction in the cryptocurrency world, USDT is expected to remain a crucial part of the digital financial landscape.
