50% of total USDT issued on TRON chain in Q4 2023

Messari, an on-chain analytics platform, released its "State of TRON Q4 2023" report, which showed that USDT issued on the TRON chain had accounted for 50 per cent of total issuance as of the end of Q4 2023. total pledges on TRON grew by 4 per cent year-on-year to 46.1bn TRX. stUSDT on TRON became the second-largest real-world asset (RWA) protocol in the fourth quarter. Over $2.2bn of USDT has been deposited into the protocol. In addition, TRX's market capitalisation grew to $9.4 billion, up 87% year-on-year. Revenues for the fourth quarter increased 14 per cent sequentially in USD terms, from $105 million to $119 million. For the full year of 2023, only Ether and Bitcoin have generated more revenue than TRON.