TRON is set to lead stablecoin payments and RWA tokenization: report
Among the myriad blockchains introduced in the last decade, TRON has successfully complemented the growing stable coin products and services with its affordable and cost-effective platform. This capability has attracted attention from major stablecoin companies, including Tether and Circle, which issue Tether (USDT) and Circle USD (USDC), and has shown strong interest in retail payment applications.
The latest Cointelegraph research report provides extensive analysis and detailed insights into the factors driving TRON's ascent. This document covers its innovative technical features (such as the Tron virtual machine), its extensive ecosystem, the dynamic community of decentralized applications (DApps) it supports, its token economy, and the development of virtual reality. -world asset (RWA) protocol, and strategic roadmap for future development.
Access the full version of the report on Cointelegraph Research for free
The emergence of TRON in crypto payments
For more than a decade, the adoption of blockchain technology has sparked widespread debate, with stablecoins emerging as one of the most effective applications for blockchain-based payment systems. Despite facing scrutiny from both within and beyond the blockchain community, StableScience has proven to be a viable solution for facilitating cross-border payments.
Tether holds the largest stablecoin position with a capitalization of $93 billion, more than 50% of which is issued on the TRON blockchain. This makes TRON the leading network for USDT distribution, which implies the use of dollar-denominated payments within the platform.
Over the past few years, TRON has surpassed the BNB chain in terms of stablecoin transaction volume by 2021, and by the end of 2023, it has surpassed the BNB chain, representing one-third of the global stablecoin volume, and in the fourth quarter of 2023 alone, transactions on TRON have reached $1.2 trillion.
TRON as a real world asset token platform
TRON has established a significant presence in real world assets (RWA) by hosting the world's second largest RWA protocol, stUSDT, which offers an annual yield of over 4.51%. When users allocate USDT to certain smart contracts, STUSDT, or staked USDT, is issued on TRON. These contracts transfer the invested money into various real-world assets, such as government bonds, providing income to participants. With more than $2.24 billion in assets under management, stUSDT has quickly risen to the top of the DeFi protocol, but now closely follows MakerDAO with a total value (TVL) of $2.38 billion. Cointelegraph's research report provides more detailed views, statistics and insights into the TRON ecosystem.
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Access the full version of the report on Cointelegraph Research for free
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