Stablecoin

2024

BUSD

TRON

<ul class="wp-block-list news-points"> 
 <li><strong>Stablecoin use rises in Korea, with 10% of trade using USDT, mainly on Tron’s network.</strong></li> 
 <li><strong>Tron overtakes Ethereum for USDT since 2021, driven by lower fees and faster transaction times.</strong></li> 
 <li><strong>USDT shows steady growth, while DAI and BUSD face fluctuations, likely from regulatory impacts.</strong></li> 
</ul> 
<p>Stablecoin adoption in South Korea is benefiting the financial market, with Tether (USDT) transactions leading the way.</p> 
<p>Government reports indicate that roughly 10% of domestic trade transactions now involve stablecoins. This transition is gaining popularity among smaller traders and business owners because of reduced transaction times and lower fees.</p> 
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   <p lang="en" dir="ltr">Korean govt official: "10% of domestic trade txns uses stablecoins."<a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDT</a> dominates 72% of the stablecoin market, mainly on TRON blockchain, likely for its speed and low fees over ETH.<br><br>For whatever reason, the market chose <a href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Tether</a> and <a href="https://twitter.com/hashtag/TRON?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#TRON</a>; they found a product-market fit. <a href="https://t.co/pcfzniTGbS" target="_blank" rel="nofollow">pic.twitter.com/pcfzniTGbS</a></p>— Ki Young Ju (@ki_young_ju) <a href="https://twitter.com/ki_young_ju/status/1851902230724739533?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 31, 2024</a>
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<h2 class="wp-block-heading" id="h-tether-and-tron-dominate-stablecoin-transactions">Tether and Tron Dominate Stablecoin Transactions</h2> 
<p>The shift toward stablecoins is led by USDT, which holds a 72% market share in South Korea through the Tron network. Tron’s speed and …</p>
<p>The post <a href="https://coinedition.com/stablecoins-take-over-south-koreas-trade-sector-driven-by-tether-on-tron/">Stablecoins Take Over South Korea’s Trade Sector Driven by Tether on Tron</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Stablecoins Take Over South Korea’s Trade Sector Driven by Tether on Tron

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