TRON is a blockchain-based platform for building decentralized applications (DApps), which was founded by Justin Sun. He is one of the most prominent people within the cryptocurrency community and also a protege of Jack Ma, Ali Baba Group’s Founder.
TRON was officially released in the year of 2017. Initially, the TRON network was intended to serve as a decentralized platform that brings a free and global digital content entertainment system. The native token of the platform is known as TRX.
Some of the benefits that TRON network offers include high transactional throughput, scalability, and availability. Naturally, one of its main goals is to eliminate the middleman and to bridge the gap between content creators and content consumers. This results in cost reduction while also improving the collection for the content producers.
During 2019 TRON had acquired BitTorrent, one of the most popular torrent platforms. Purportedly, it has over 100 million users.
As USDT expands its presence on Tron, so do illicit activities on the network.
Cybercriminals favor TRON blockchain for low fees, stable prices, and perceived transaction anonymity.
USDT transactions on TRON DAO have experienced a significant upswing since February.
Circle stated that their decision is a part of their risk management framework.
TRON's Bitcoin Layer 2 solution ultimately seeks to ensure interoperability across blockchains, while increasing speed and boosting security.
Stablecoin TVL on the Tron network increased to all-time highs of around $48 billion.
Ethereum might be the undisputed leader in terms of total value locked, but check out the next in line.
Ethereum stablecoin value dropped by 34% since 2022, while Tron stablecoin value surged by 57.7% in the same period.
Upon examining the Ethereum addresses, there are a few questionable transfers, possibly tied to the Finiko pyramid scheme.
BTT's price has risen to a 16-month high.