TRON dominates stablecoin payments in 2023
The post TRON dominates stablecoin payments in 2023 appeared on BitcoinEthereumNews.com.
Approximately $40 billion of USDT circulate on-chain on TRON (data updated as of June 30, 2023, compare with the official data on Tether Transparency) and the cumulative volumes related to new listings on HTX have reached approximately $38 billion in the first half of 2023 (data to be verified, source: HTX Research H1 2023): a dual force that contributes to reshaping the flows between stablecoin payments and exchange markets. In this context, the framework outlined by the HTX Research H1 2023 report and supported by on-chain data indicates a structural convergence with effects on costs, liquidity, and settlement speed. It should be noted that the combination of stable supply and deep markets creates a more predictable operating environment for institutional players. According to the data collected by our on-chain analysis team between January 1 and June 30, 2023, the portion of USDT transfers routed on TRON has maintained a significant share of daily on-chain flows, confirming the intensive use for payment and settlement cases. Industry analysts also note that rapid listings and the presence of market makers on exchanges like HTX have facilitated the conversion of these flows into tradable liquidity in the early stages of price discovery. Key Numbers H1 2023 TRON: approximately $40 billion of USDT in circulation on the network (sources: TRONSCAN and Tether Transparency), representing a significant share of the global supply. That said, the relative weight on TRON remains a key indicator to understand where the use of stablecoins is concentrated. Flows on TRON: estimated daily volumes around $7 billion during the considered period (data to be verified, source: HTX Research H1 2023). Indeed, the level of transfers remains consistent with intensive use for payments and settlements. HTX: approximately $38 billion in cumulative spot volumes on newly listed tokens, with 22% of daily trading concentrated…
Filed under: News - @ September 5, 2025 5:29 pm