TRON is leading the way as the top blockchain for payments, with USDT accounting for 70.46% of transactions. Justin Sun announced that USDT on TRON is now available on Coinbase Wallet.
CoinGate announced in a tweet that TRON is currently the most popular blockchain as a payment method, with USDT being the primary payment method on TRON, accounting for 70.46% of transactions, followed by TRX at 29.52%.
This puts TRON ahead of Bitcoin (BTC) and Litecoin (LTC), which placed second and third, respectively. Meanwhile, CoinGate highlights Solana, which has rapidly gained popularity since joining the list in May, becoming the ninth most popular blockchain.
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4/7 #Tron It is leading the way as the most popular blockchain payment method.
Especially in TRON, #USDT As the most preferred payment method, it accounts for 70.46% of transactions. #TRX It follows closely behind with 29.52%. pic.twitter.com/5jZlxBna6G
— CoinGate (@CoinGatecom) July 25, 2024
Justin Sun Urges China to Push Forward with Bitcoin Policy
Additionally, TRON founder Justin Sun said on X that USDT on the TRON network is now available through Coinbase Wallet.
Sun said in another tweet that China must step forward as well. US policies have become more friendly since President Trump endorsed Bitcoin. China should step forward further in this area. A China-US dispute over Bitcoin policy would benefit the entire industry.
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China 🇨🇳 also needs to step up. US 🇺🇸 policies have warmed up since President Trump promoted Bitcoin. China needs to make more progress in this area. Competition between China and the US in Bitcoin policy will benefit the entire industry. 👏
— HE Justin Sun 孙ゆ晨 (@justinsuntron) July 28, 2024
Based on this week’s performance, TRON’s total remittance value reached $13 trillion as of July 22. Additionally, on July 23, TRON was announced as the title sponsor of Korea Blockchain Week (KBW).
We also previously reported that the network performed better than competing blockchains for Tether (USDT) transactions ranging from $1 to $10,000. Its ease of use, focus on retail transactions, and low fees make it a good alternative for stablecoin transactions.
Additionally, as previously reported by CNF, TRON has partnered with Mobilium to introduce a cryptocurrency card. The TRON network supports all cryptocurrencies, and both Google Pay and Apple Pay are compatible with the card.
Meanwhile, the TRON network’s native token (TRX) is currently trading at around $0.1373, up slightly by 0.16% over the past 24 hours with a trading volume of $219.07 million.
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