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:
#TRON now occupies 2% of total #USDT supply, 50 million out of 2.5 billion. Goal for Q2 2019: Surpass #Ethereum & achieve 10%. We will reach 50% of #USDT in 2019! Check here: https://t.co/5mgLRNfGmq #TRX $TRX #BTT $BTT pic.twitter.com/MXz6RygFzY
— Justin Sun (@justinsuntron) April 21, 2019
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.