Ethereum

Chains

Coin

<ul class="news-points"> 
 <li>Tether (USDT) reaches a record 18 million weekly transactions on EVM chains.</li> 
 <li>Tron accounts for 78% of USDT transactions and holds 84% of USDT addresses.</li> 
 <li>Tether reports $5.2 billion in profits for H1 2024, maintaining over 70% market share.</li> 
</ul> 
The largest stablecoin, <a href="https://coinedition.com/usdt-supply-increase-and-bitcoin-price-is-there-a-correlation/">Tether (USDT),</a> has continued to achieve record-breaking performance this year, with over 18 million weekly transactions on Ethereum Virtual Machine (EVM) chains alone. Analytics platform IntoTheBlock highlighted this milestone in a recent update. 
Notably, the graph accompanying the <a href="https://x.com/intotheblock/status/1819765735758897247" target="_blank" rel="nofollow">update</a> shows a steady uptrend in USDT transaction counts over the years, culminating in the recent record of 18 million weekly transactions. 
Furthermore, the report from IntoTheBlock revealed that a staggering 78% of these transactions are occurring on the Tron (TRX) blockchain. This makes Tron the leading platform for USDT transfers, outpacing other EVM-compatible chains. 
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Moreover, IntoTheBlock <a href="https://medium.com/intotheblock/usdt-pushes-stablecoin-market-to-2-year-highs-dd8350d01a8f" target="_blank" rel="nofollow">data</a> revealed that there are currently 48 million addresses holding USDT across Tron’s ecosystem, with a significant 84% of them being Tron-based. As a result, the report stressed Tron’s significance as a platform for expanding …
The post <a href="https://coinedition.com/tether-usdt-breaks-records-with-18m-weekly-transactions-on-evm-chains-led-by-tron/">Tether (USDT) Breaks Records with 18M Weekly Transactions on EVM Chains led by Tron</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Tether (USDT) Breaks Records with 18M Weekly Transactions on EVM Chains led by Tron

Coin Edition

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