- Tron Added About 10 Million USDT to Its Initial 160 Million Supply
- Additional USDT to Favor More People – Justin Sun
Going by the Q3 2019 Dapp market analysis, the TRON (TRX) added over 500,000 users that have permission to its decentralized applications (dApps) in the third quarter of this year. Also the founder of the TRON platform, Justin Sun made a press release announcing the new 160 million USDT issuance on top of TRON.
As at the time of writing, the Tron network has over 3.7 million mainnet statements and it has become the biggest blockchain platform released since 2017. Currently, 30 diverse exchanges are aiding TRC20 based USDT tokens. These exchanges consist of Huobi, Bitfinex, OKEx, KuCoin and several others.
Currently, TRX is ranking number 11 as the biggest digital currency in the market and the best performer topping as the 14 cryptocurrencies in the last 24 hours. TRX is currently trading at $0.0168 and it has a market capitalization of $1.13 billion.
Additional USDT to Favor More People – Justin Sun
CEO Justin Sun stated that more people “are in favor” of USDT-TRON and anticipates the current supply of the stablecoin to increase to 200 million. In his statement, he said that the community data signifies the increase of the overall supply of the USDT stablecoin released on Tron. In just two days, an overall of 170 million with 10 million has been added to the platform. He tweeted “170 million #USDT on #TRON now. 10 million more in just 2 days. More people are in favor of #USDT-#TRON. It’s just a beginning. Guess when it will hit 200 million?”
For the time being, Tether Ltd and its partner the Bitfinex exchange who are the major USDT issuer recently recorded their first victory over the New-York Attorney General (NYAG). The judge from New York, Joel M. Cohen ruled against Tether and Bitfinex stating that they are not compelled to receive certification concerning their $850-million scheme of the funds lost prior this year and profile it to the NYAG. As of 0n the 10th October 2019, the Tether cash printer has been on a full-time operation, supplying another 20 million USDT. Whale Alert on twitter commented, “20,000,000 #USDT (20,002,176 USD) minted at Tether Treasury”
Litecoin (LTC) Price Today – LTC / USD
Most of the decentralized applications on the TRON network were related to the gambling industry, serving as one of the shortcomings of the network, putting into account that the network is the least adopted among its peers. Just about 24.98% of the users of the network are active, over an average of 24.88% of all the other networks like Ethereum, EOS, Steem, Tron, TomoChain, and IOST.