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Tether Supply on TRON has Already Reached More than 2% of Overall Supply

TRON has achieved yet another milestone. The supply of USDT tokens issued on it has reached 2% of overall supply. Justin Sun is now aiming to increase it up to 10% by the end of this quarter and up to 50% by the end of year.

April 22, 2019 10:40
TRON and Tether partnership
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It looks like introducing Tether on TRON blockchain is going to be one of the biggest game-changers for Justin Sun. Within 5 days of its introduction, the supply of USDT tokens on TRON blockchain has reached 2% of overall supply. To put things into perspective, USDT supply on Ethereum is a little more than 9% of the total supply. TRON, on the other hand, has achieved the fourth part of that supply within 5 days of launch. Buoyed by this success Justin Sun is aiming to increase the supply of TRON-USDT by more than 5x by the end second quarter for overtaking USDT-Ethereum.

These impressive statistics – along with Justin Sun’s ambitious plan of achieving 10% in overall supply – were revealed a few hours back. And they were revealed by none other than Justin himself. Tweeting an image from the transparency page of Tether Justin said that the number of TRON-USDT tokens is now more than 50 million, which is 2% of Tether’s 2.5 billion token supply. Then he laid out his ambitious plan of achieving more than 10% in overall supply by the end of Q2 2019 to overtake Ethereum-based supply of USDT. And then by the end of year he wants TRON-USDT to account for half of overall supply. Have a look on his tweet:

If TRON indeed achieves all these milestones and establishes a monopoly in the supply of USDT tokens, it will give dApp developers yet another reason to choose TRON over Ethereum for their apps. Ethereum in that case, which has already received a direct competitor in the form of Binance Chain, may be headed for some serious trouble. But again, it will depend upon TRON reaching all of these milestones on time. So it will be interesting to see whether that happens or not.

Technology and business were my core interests, so it wasn't surprising that I got interested in cryptocurrencies, which operate at the intersection of both these things. Now I live my passion by trading cryptocurrencies and covering Cryptocurrency news. You can connect with me on Facebook to learn more about me. :)

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