TRON Leads Blockchain Payments with USDT Dominating Transactions

• TRON leads as the top blockchain for payments, with USDT dominating transactions at 70.46%.
• Justin Sun announces USDT on TRON is now available on Coinbase Wallet.

In a tweet, CoinGate announced that TRON is currently the most popular blockchain for payment methods. Notably, on TRON, USDT is the primary payment method, accounting for 70.46% of transactions, with TRX following closely at 29.52%.

This puts TRON above Bitcoin (BTC) and Litecoin (LTC), which are ranked second and third, respectively. Meanwhile, CoinGate highlighted Solana, which has quickly acquired popularity, becoming the ninth most popular blockchain since its inclusion in May.

4/7 #TRON is leading the way as the most popular blockchain as a payment method. 

Notably, on TRON, #USDT dominates as the preferred payment method, making up 70.46% of transactions, with #TRX close behind at 29.52%. pic.twitter.com/5jZlxBna6G

— CoinGate (@CoinGatecom) July 25, 2024

Justin Sun Urges China to Advance in Bitcoin Policy

Furthermore, TRON’s founder, Justin Sun, said on X that USDT on the TRON network is now available through Coinbase Wallet.

In a separate tweet, Sun stated that China must likewise take a step forward. Since President Trump advocated for Bitcoin, US policies have become more friendly. China should make more progress in this area. The fight between China and the United States over Bitcoin policy will benefit the entire industry.

China also needs to step up. Since President Trump pushed for Bitcoin, U.S. policies have warmed. China should make further progress in this area. Competition between China and the U.S. in Bitcoin policy will benefit the entire industry.

— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 28, 2024

Based on this week’s performance, TRON’s total transfer value reached $13 trillion as of July 22. Furthermore, on July 23, TRON was announced as the title sponsor of Korea Blockchain Week (KBW).

Also, we previously reported that the network outperformed rival blockchains for Tether (USDT) transactions ranging from $1 to $10,000. Its ease of use, emphasis on retail trading, and cheap fees make it an excellent alternative for stablecoin transactions.

Additionally, as CNF previously reported, TRON has partnered with Mobilium to introduce crypto cards. The TRON network supports all cryptocurrencies, and both Google Pay and Apple Pay are compatible with this card.

Meanwhile, the TRON network’s native token (TRX) is currently trading at about $0.1373, slightly up 0.16% over the last 24 hours on a trading volume of $219.07 million.