Tether’s USDT Leads Ethereum Volume with $31.5B Daily, Issues $1B on Tron

Tether’s USDT is generating significant volume on the Ethereum blockchain, with a daily volume of $31.5 billion, surpassing the combined volume of the top 10 other ERC-20 tokens.

Additionally, Tether issued $1 billion in new USDT tokens on the Tron blockchain, contributing to the growth of the stablecoin market cap.

Visa’s dashboard shows that stablecoin supply has grown, with over $1 trillion in transaction volume over the past 30 days.

Chainlink’s platform is aiding the adoption of stablecoins, powering various projects such as PayPal’s PYUSD with Paxos and Aave’s GHO.

The fiat-pegged token economy expanded by $1.52 billion in 7 days, driven by USDT and USDC growth. USDT saw zero growth in Q2 but was up 37% on the year.

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