In a major milestone for the cryptocurrency market, Tether (USDT) on the Tron network surpassed Visa in 24-hour trading volume.
In a major milestone for the cryptocurrency market, Tether (USDT) on the Tron network surpassed Visa in 24-hour trading volume.
According data According to Lookonchain, USDT trading volume on the Tron network reached an impressive $53 billion in a single day, surpassing Visa’s average daily trading volume of $42 billion.
Visa, the global payments giant, recorded a trading volume of $3.78 trillion in the first quarter of 2024. When broken down, this figure translates to an average daily trading volume of approximately $42 billion .
This milestone is particularly noteworthy given Visa’s established dominance in the payments industry. It underlines the rapid pace at which digital currencies are being adopted and the growing trust users are placing in them to carry out large-scale transactions.
Tomiwabold OlajideThe significant trading volume of Tether (USDT) on the TRON network indicates a shift in the way value is transferred globally. This trend is likely to continue as more users and institutions recognize the benefits of digital currencies.
As the cryptocurrency market continues to mature, the milestones highlighted above are likely to become more frequent, indicating greater acceptance and integration of digital currencies into everyday commerce.
In related Tether news, Tether Holdings, the issuer of USDT, the largest stablecoin in the cryptocurrency market, has created a new synthetic dollar backed by gold, according to a corporate announcement on Monday.
Binance, the world’s largest cryptocurrency by market cap, also announced today that it has completed the integration of Tether (USDT) into the Toncoin network.
