At first, the project worked in the Ethereum blockchain. This choice is conditioned by a quick solution to launch a peer-to-peer network. Later, the developers switched to their own blockchain with a Proof-of-Stake algorithm and Validation consensus. TRON was one of the first platforms to implement this. Wrapped TRON is provided with an underlying asset in a ratio of 1:1, has the same price and allows you to expand the possibilities of application, for example, to trade on decentralized exchanges that do not support the "original".

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Wrapped TRON

In the second half of 2023, Stablecoin TVL on @trondao increased to all-time highs of ~$48B, of which USDT (red line below) makes up ~94%.

TRON continues to hold dominance in the stablecoin landscape.

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With an approximate 130% increase in #USDT holders, our #stablecoin #TVL grew to all time highs of ~$48B! 🔥

At #TRON, we’ll continue providing technology and services to the globally underserved. 🤝

Read the full report.👇

With an approximate 130% increase in #USDT holders, our #stablecoin #TVL grew to all time highs of ~$48B.