Shiba

Stablecoin

Kusama

TRON

Shiba Inu

<ul class="wp-block-list news-points">
 <li>Shiba Inu’s Shytoshi Kusama praises TRON’s Justin Sun for his blockchain and stablecoin market leadership.</li>
 <li>TRON now processes 92% of all USDT transactions, hosting $60 billion in the stablecoin.</li>
 <li>Kusama credits Sun as an early inspiration for Shiba Inu’s growth and future product-market fit.</li>
</ul>
Shytoshi Kusama, the pseudonymous leader of the Shiba Inu project, has expressed admiration for TRON’s founder, Justin Sun. Kusama acknowledged Sun’s pioneering role in the blockchain and stablecoin space.&nbsp;
This comes after a recent analysis that highlighted the TRON blockchain’s importance in the $200 billion <a href="https://coinedition.com/stablecoin-minting-hits-bullish-highs-a-127b-signal-for-crypto-investors/" rel="noopener noreferrer nofollow">stablecoin market</a>.
<h2 class="wp-block-heading" id="h-tron-dominates-the-stablecoin-market-processing-92-of-tether-s-usdt">TRON Dominates the Stablecoin Market, Processing 92% of Tether’s USDT</h2>
In a <a href="https://x.com/kate_young_ju/status/1860679595529588870" target="_blank" rel="noopener noreferrer nofollow">post</a>, analyst Kate Young Ju highlighted TRON’s dominance in the stablecoin market, particularly its USDT transactions. According to Ju, TRON now processes 92% of all USDT transactions, which totals $60 billion in the popular stablecoin.
However, the analysis said that TRX’s market cap is only $17 billion, which could mean significant room for growth. Ju also said that TRX-based USDT is widely used for global trade, offering fast, low-cost remittances. This makes i…
The post <a href="https://coinedition.com/shiba-inu-lead-dev-praises-justin-sun-and-tron-why-tron-matters/" rel="noopener noreferrer nofollow">Shiba Inu Lead Dev Praises Justin Sun and TRON: Why TRON Matters</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Shiba Inu Lead Dev Praises Justin Sun and TRON: Why TRON Matters

Table of Contents

Coin Edition

Other articles published on Nov 26, 2024

Bitcoin price dip fails to squeeze leverage as $92.5K becomes ‘pivotal’

Inside the ICP Hubs Network: Web3's Most Active Crypto-Building Community

BDAG Raises $20M in 2 Days! Latest on Solana ETF & Cardano Price Surges

BTSE Officially Launches AutoTrader Amid Growing AI Adoption

Bitcoin Price Holds Firm Despite Dip, With $92.5K Mark Seen as Crucial

This Solana meme coin could be 2025’s biggest performer, outshining DOGE and PEPE

Join our free newsletter for daily crypto updates!