Messari, a top crypto data research organization, recently released a research report on the development of stablecoins in emerging markets. The report pointed out that the adoption of cryptocurrencies in emerging markets is surging, and TRON has a dominant position in emerging markets with many advantages such as TRC 20-USDT.
The report points out that due to factors such as low bank account ownership, lack of traditional banking infrastructure, and high fees, the adoption of cryptocurrencies in emerging markets such as Sub-Saharan Africa, Latin America, and Eastern Europe is surging. As early as 2019, TRON gained a first-mover advantage by issuing the TRC 20-USDT with no withdrawal fees and low fees, and quickly dominated the emerging markets.
In the field of stablecoins, TRON has performed very well. The report shows that in November, the monthly transfer amount of stablecoins on the TRON network exceeded 500 billion US dollars, far exceeding Base, Solana, etc., and on par with traditional payment networks such as Visa. Among them, the transfer amount of TRC 20-USDT exceeded 500 billion US dollars, a year-on-year increase of 42.8%. The report pointed out that the transfer of TRC 20-USDT mainly came from everyday users, which reflects the widespread application of stablecoins in daily life and highlights the use needs in the real world.
Strong stablecoin activity has also driven the growth of TRON fees and TRX market demand. In terms of fees, due to the active stablecoin transactions, TRON fees have risen rapidly to $225 million, surpassing Ethereum and Solana. In addition, TRX has performed strongly this year, providing users with a variety of options with high liquidity.
The report finally emphasized that due to advantages such as convenient transactions and strong user stickiness, as well as unlocking new payment methods through various applications such as PayFi, CeFi, and DeFi, stablecoins are reshaping the financial industry in emerging markets, and TRON will play a key role in this change.
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