The TRON community is abuzz with excitement following founder Justin Sun’s announcement of a significant milestone on social media platform X. Sun celebrated TRON’s achievement as the USDT circulating supply on the Tron network exceeded $50 billion for the first time, indicating robust growth and fueling market optimism for the TRON token.
According to Sun’s post on X, the total Tether (USDT) supply on the TRON Blockchain reached an impressive $50.82 billion, accompanied by a significant user base of 36.46 million holders. Additionally, the stablecoin’s liquidity on Decentralized Exchanges (DEXs) saw a marginal increase to $63.76 million as of January 13.
This surge in USDT circulation marks a significant step for the TRON community in the crypto world. Sun acknowledged the community’s pivotal role, emphasizing that this success is a testament to the collective efforts within the TRON network.
Sun not only celebrated the current milestone but also outlined an ambitious future target for the TRON community. He expressed confidence in the community’s trajectory towards issuing $100 billion in TRON-based stablecoins in the near future. This announcement garnered significant attention from global crypto investors and contributed to the positive sentiment surrounding the TRON token.
In parallel with the community’s achievements, the TRX token exhibited a notable price increase, recording an impressive 5.73% rise within 24 hours to a current trading price of $0.113. A significant 57.11% increase in trading volume reflects the tremendous strides made by the TRON community.