Cointelegraph Research dives into TRON’s emerging use cases and ecosystem in new research report.
Among the myriad of blockchains introduced in the last decade, TRON has effectively catered to the
rising demand for stablecoin products and services with its scalable and cost-efficient platform.
This capability has garnered attention from leading stablecoin companies, including Tether and Circle, which issue Tether
USDT
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$1.00
and Circle USD
USDC
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$1.00
, and has attracted significant interest in retail payment applications.
The latest report from Cointelegraph Research provides extensive analysis and detailed insights into
the elements driving TRON’s ascent. This document delves into the key contributors to TRON’s success,
covering its innovative technical features (such as the Tron Virtual Machine), its broad ecosystem,
the dynamic community of decentralized applications (DApps) it supports, its token economy,
the development of its real-world asset (RWA) protocol, and its strategic roadmap for future growth.
The emergence of TRON in crypto payments
For more than ten years, the adoption of blockchain technology has sparked widespread debate,
with stablecoins emerging as one of the most effective applications for blockchain-based payment
systems. Despite facing scrutiny from both within the blockchain community and beyond,
stablecoins have proven to be a practical solution for facilitating cross-border payments.
Tether holds the position of the largest stablecoin issuer with a market capitalization of $93 billion,
with over 50% of its issuance on the TRON blockchain. This makes TRON the primary network for
USDT circulation, indicating a strong use of dollar-denominated payments within the platform.
Over the past few years, TRON has enhanced its market presence, overtaking the BNB Chain in terms of
stablecoin transaction volume in 2021 and representing one-third of the global stablecoin volume by
the end of 2023. In the fourth quarter of 2023 alone, transactions on TRON amounted to $1.2 trillion.