The circulation of TRC20-USDT exceeded 52.8 billion, reaching a record high

Bitget App

Trade smarter

Bitget

News

Cointime2024/02/26 04:52

By:Cointime

On February 26th, TRC20-USDT's issuance exceeded 52.8 billion, reaching a historical high. As of now, the number of TRC20-USDT holding accounts has reached 38.3 million, with a cumulative transfer amount of over 1.57 billion.

TRC20-USDT is a stablecoin anchored to the US dollar issued by Tether on the TRON network. Its fast transfer speed and low fees have attracted a large number of users, and it has been supported by many exchanges such as Binance, HTX, OKX, Bitfinex, MEXC, KuCoin, Gate.io, and Poloniex. The TRC20 version of USDT will greatly enhance the existing decentralized application ecosystem of TRON, bring higher overall value storage and stronger decentralized exchange liquidity, and provide more convenient blockchain entry for enterprise-level partners and institutional investors.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14