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13 May 2021

Why There Is Now More Tether on Tron Than Ethereum - Decrypt

Why There Is Now More Tether on Tron Than Ethereum - Decrypt


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Why There Is Now More Tether on Tron Than Ethereum.

Tether, the most widely traded crypto asset in the market (even more than Bitcoin), yesterday hit the $50 billion mark in terms of market cap.

What’s more, there’s now more Tether (USDT) being used on Tron’s blockchain than on Ethereum: $1.6 billion-worth more, to be exact?

Right now, the amount of Tether on Tron is $26 billion; on Ethereum it is $24.4 billion, according to Coin Metrics data.

Though evenmoreis being used on the Tron blockchain, and this, according to experts who spoke withDecrypt, is because of inter-exchange transfers. .

Ethereum is in some ways a victim of its own success: the network is being used by so many people, it’s chugging along slowly.

“USDT on the Tron network is primarily being used for inter-exchange transfers,” he said. 

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