In 2024, the TRON stablecoin ecosystem performed strongly and achieved multiple development milestones.
In terms of data, in 2024, the total market value of stablecoins on the TRON chain exceeded US$60.6 billion, the cumulative transfer amount reached US$5.38 trillion, and the number of holding accounts reached 59 million, with annual growth rates of 16.9%, 40%, and 60%, respectively. Among them, as the most popular stablecoin in the world, the issuance of TRC 20-USDT historically exceeded 60 billion in 2024, making TRON the first blockchain with a single stablecoin market value exceeding US$60 billion.
In terms of ecology, TRON has built a multi-stablecoin landscape including TRC 20-USDT, TRC 20-USDC, TRC 20-TUSD, USDD, USDJ, TCNH, CNH₮, etc. In 2024, TRON will continue to strengthen its stablecoin matrix. Following the launch of TRON USDC in November last year, the decentralized super-collateralized stablecoin USDD will also usher in a major upgrade. After the upgrade, USDD is expected to become the authoritative decentralized stablecoin in the crypto market.
At the application level, the TRON version of stablecoin is an excellent use case for the large-scale popularization of blockchain and its benefits to real life. In 2024, TRON will focus on enriching and expanding the application scenarios of stablecoins. This year, TRC 20-USDT was launched on multiple mainstream exchanges, wallets and payment applications. While its global influence continued to increase, the trial of gas-free stablecoin transactions based on USDT also greatly promoted the integration of cryptocurrencies into daily life.
With emerging markets as the entry point, stablecoins are accelerating their penetration into the global economy. As an important stablecoin payment network, TRON will be an important force in promoting the globalization and popularization of stablecoins. Relying on the advantages of secure and efficient underlying blockchain, in 2025, TRON will continue to promote the development of the stablecoin ecosystem and lead the sustainable growth and innovation of the blockchain industry.
