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 <li>Tether surpassed 18 million weekly transactions, setting a new performance record.</li>   
 <li>A significant 78% of Tether's transactions took place on the Tron blockchain.</li>   
 <li>Tether is approaching a market capitalization of $120 billion, maintaining steady growth.</li> 
</ul>   
<p>Tether, the largest stablecoin globally, has achieved a new milestone with over 18 million weekly transactions, primarily conducted on the Tron blockchain. This surge solidifies Tron’s position as a leading platform for USDT transfers, outstripping other Ethereum Virtual Machine (EVM) compatible chains.</p>   
<h2 class="wp-block-heading" id="h-dominance-on-tron"><strong>Dominance on Tron</strong></h2>   
<p>According to <a href="https://medium.com/intotheblock/usdt-pushes-stablecoin-market-to-2-year-highs-dd8350d01a8f">data</a> from analytics platform IntoTheBlock, a whopping 78% of these transactions occurred on Tron. The platform also hosts 48 million USDT addresses, with 84% of them being native to Tron. This data underlines the blockchain’s vital role in enhancing USD accessibility through <a href="https://cryptonewsland.com/tether-holdings-limited-achieves-record-breaking-5-2-billion-profit-in-first-half-of-2024/" target="_blank" rel="noreferrer noopener">Tether</a>.</p>   
<p>Moreover, these transaction milestones coincide with a financial windfall for Tether's parent company, which announced a $5.2 billion profit for the first half of 2024.&nbsp;</p>   
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   https://twitter.com/intotheblock/status/1819765735758897247 
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<p>The details reveal a net operating return of $1.3 billion in Q2 alone, following a robust $4.52 billion in Q1 amidst a bullish market phase.</p>   
<h2 class="wp-block-heading" id="h-steady-growth-amid-market-challenges"><strong>Steady Growth Amid Market Challenges</strong></h2>   
<p>Despite broader market downturns, USDT has maintained a growth trajectory, nearing a $120 billion market cap.&nbsp;</p>   
<p>IntoTheBlock notes that Tether has achieved an all-time low in volatility this July, continuing to dominate with over 70% of the stablecoin market share, a consistent trend throughout the year.</p>   
<p>Tether's achievements in 2024, highlighted by record-breaking transaction volumes and robust financial returns, underscore its unwavering market presence and the strategic dominance of the Tron blockchain in the digital currency ecosystem.</p>   
<h4 class="wp-block-heading" id="h-read-also">Read Also:</h4>   
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
  
 <li><a href="https://cryptonewsland.com/tether-scrutiny-will-it-be-the-next-luna-and-ftt/">Tether Scrutiny: Will It Be the Next LUNA and FTT?</a></li>   
 <li><a href="https://cryptonewsland.com/tether-excess-reserves-surge-to-3-38b-big-win-for-usdt/">Tether Excess Reserves Surge to $3.38B, Big Win For USDT</a></li>   
 <li><a href="https://cryptonewsland.com/tether-to-fuel-ai-biotech-and-fintech-startups-with-1-billion/">Tether to Fuel AI, Biotech, and FinTech Startups with $1 Billion</a></li>   
 <li><a href="https://cryptonewsland.com/tether-sets-all-time-high-beats-market-cap-of-83-2b/">Tether Sets All-Time High, Beats Market Cap of $83.2B</a></li>   
 <li><a href="https://cryptonewsland.com/revolutionizing-neurotech-tether-invests-200-million-in-blackrock/">Revolutionizing Neurotech: Tether Invests $200 Million in Blackrock</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/tether-records-18-million-weekly-transactions-on-tron-blockchain/">Tether Records 18 Million Weekly Transactions on Tron Blockchain</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Tether Records 18 Million Weekly Transactions on Tron Blockchain

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