Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week
The Tron blockchain has emerged as a dominant layer-1 network for settling stablecoin transactions, particularly Tether's USDT, processing billions weekly. Operating on a delegated proof-of-stake mechanism, Tron focuses on speed and low transaction costs rather than consumer-facing decentralized finance innovation.
Why it matters
Tron's high transaction volume highlights the growing utility of blockchain infrastructure for cross-border payments and stablecoin usage, particularly in emerging markets.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc., CoinDesk Indices or its owners and affiliates.
by Josh Olszewicz , portfolio manager and head of trading, Canary Capital
The Tron TRX $0.3399 network has quietly become one of the most heavily used blockchains in the digital asset market through a singular focus on speed, cost and settlement efficiency. A layer-1 blockchain (where transactions are recorded, validated and finalized), Tron has become the dominant settlement rail for stablecoins, particularly Tether's USDT, processing billions of dollars in value transfer every day.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in