Just now, while checking the information about the rise of $BTC,

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Phyrex
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6 hours ago

Just now, while checking the information on the rise of $BTC, I even looked into whether Tether had any new actions, only to find that the USDT issued on Torn has risen to the first position, exceeding 75.7 billion USD, leading the second place, Ethereum, by 1.2 billion USD. It's worth noting that Tether has a total issuance of USDT amounting to 151.2 billion USD, which means that the amount of stablecoins on Torn exceeds 50% of the total USDT issuance.

Previously, this position was always held by Ethereum. I didn't even notice when Torn's USDT became so abundant. I initially thought that after the TRC20 transaction fees were increased, the number of users would decline, but unexpectedly, it not only did not decrease but instead rose to the first position.

Recently, the U.S. has been working on the compliance of stablecoin demand, and both parties are discussing stablecoin legislation. Even the Trump family is issuing stablecoins, and USDC is collaborating with Binance. From various signs, it seems likely that the coming year could be a breakout year for stablecoins, so more compliant stablecoins will likely operate on that chain, which should be a battleground for major public chains.

Currently, a lot of USDT is already on Tron, while the highest issuance of USDC is on Ethereum, with less than 40 billion USD. Besides that, there is also some on Solana, but its issuance is still less than one-third of Ethereum's. Therefore, it can be seen that the current stablecoin competition is likely still between Torn and Ethereum.

Considering that Trump is essentially a businessman, if Justin continues to spend money to hire a consultant (USD1 is issued by World Liberty Financial, and Justin is actually a consultant for WLFI), it could really get interesting.

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