CoinGate recently highlighted TRON’s prominent position as the most popular blockchain for payment methods, according to a tweet from the platform. USDT, or Tether, has emerged as the primary payment method on TRON, accounting for 70.46% of transactions. TRX, the native cryptocurrency of the TRON network, follows suit with a larger share of 29.52%. This performance places TRON above other major cryptocurrencies such as Bitcoin (BTC) and Litecoin (LTC), which are in second and third place, respectively.
CoinGate also noted the rapid rise of Solana, which has rapidly gained popularity since joining in May to become the ninth most popular blockchain. This rapid adoption highlights the dynamic nature of the cryptocurrency market and the changing preferences of users.
Strategic moves and important milestones
TRON founder Justin Sun announced via X (formerly Twitter) that USDT on the TRON network is now accessible through Coinbase Wallet. This integration with a major cryptocurrency wallet marks an important step in increasing the usability and adoption of TRON-based USDT. In another tweet, Sun emphasized the need for China to move forward in its stance on cryptocurrencies, suggesting that U.S. policy has become more favorable since President Trump endorsed Bitcoin. He argued that China’s progress in cryptocurrency policy could benefit the entire industry, suggesting that the dynamics of competition between China and the U.S. on Bitcoin policy could have broader implications for the market.
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7/7 The crypto community clearly prefers cost-effective and fast payment methods. 💪
Check out the full report: 👇https://t.co/1tTyQInsx0
— CoinGate (@CoinGatecom) July 25, 2024
TRON’s recent performance metrics have been impressive, with total remittances reaching $13 trillion as of July 22. Additionally, on July 23, TRON was announced as the title sponsor of Korea Blockchain Week (KBW), highlighting the network’s growing influence and commitment to the blockchain community.
Advantages of TRON in stablecoin trading
TRON has performed well compared to competing blockchains, especially in processing Tether (USDT) transactions ranging from $1 to $10,000. The network’s user-friendly interface, focus on retail transactions, and low transaction fees make TRON an attractive option for stablecoin trading. These attributes have contributed to TRON’s growing popularity and widespread adoption.
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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
In addition to these achievements, TRON has partnered with Mobilium to launch cryptocurrency cards. These cards are compatible with all cryptocurrencies supported on the TRON network and are also integrated with Google Pay and Apple Pay, increasing their utility and appealing to a wider user base.
Expanding influence and future prospects
TRON’s dominance in the blockchain payment ecosystem is evident from its strategic partnerships, innovative features, and growing trading volume. The integration of USDT with Coinbase Wallet and the introduction of a crypto card in collaboration with Mobilium demonstrate TRON’s commitment to improving accessibility and convenience for users. The network’s role as the title sponsor of Korea Blockchain Week further highlights its influence and leadership within the 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
As TRON continues to develop and implement new features, it is poised to maintain its leading position in the cryptocurrency payments space. The network’s focus on low fees, ease of use, and strategic collaboration will drive further adoption and growth. With its continued progress and commitment to innovation, TRON is poised to shape the future of blockchain-based payments and remain at the forefront of the rapidly evolving cryptocurrency market.
