Upbit Global Adds Support for the USDT Stablecoin on the TRON (TRC20) Network

Upbit Global, a popular cryptocurrency exchange, has added support for the stablecoin USDT on the TRON (TRC20) network

Major cryptocurrency exchange Upbit has announced the addition of support for the stablecoin tether (USDT) on the TRON (TRC20) network, enabling deposits and withdrawals of the token.

In a statement to commemorate the integration, Upbit noted that USDT withdrawals via the TRON network will incur zero withdrawal fees. The exchange is likely implementing this fee waiver to encourage more users to utilize the TRC20 network, which is known for its low transaction costs and efficiency.

“Introduction of USDT Support on Tron network (USDT-TRC20)

Dear Traders,

Upbit is now live with Tron Network support for Tether (USDT) deposits and withdrawals.

Zero withdrawal fees will be applicable for withdrawals of USDT conducted through Tron network.

For further info,…”

Like Upbit, HashKey Global has also announced the integration of USDT and TRC20, further solidifying USDT’s presence in the global cryptocurrency exchange landscape.

The simultaneous integration by major exchanges highlights the growing acceptance and utility of USDT on the TRON network, potentially positioning it as the preferred choice for stablecoin transactions.

In separate news, TRON CEO Justin Sun commented on his legal victories and the changing attitude towards cryptocurrency in China. Taking to Twitter in a personal capacity, Sun stated that despite the lengthy process and having to face fear, uncertainty, and doubt (FUD), he is happy with the results.

“His long-term commitment to blockchain technology remains unwavering, and he will continue to #BUIDL despite the challenges.”

Previously, CNF reported on a surge in the TRON network, revealing that it has been processing an average of 6.75 million transactions daily. This stellar performance showcases the increasing activity and robustness of the network. TRON has also burned over 11 million tokens in line with its deflationary goal to enhance the value of the TRX currency.

TRX is currently trading at $0.1357, displaying a 1.80% growth over the last 24 hours. This price movement reflects the market’s positive response to TRON’s continuous development and strategic initiatives.

On the other hand, we previously reported that USDT’s market dominance, fueled by its widespread adoption on the TRON network, posed a significant threat to traditional banking巨人がVisa, With a daily volume of $53 billion, USDT on TRON is rapidly emerging as a formidable competitor in the financial transactions landscape.

The above is the detailed content of Upbit Global Adds Support for the USDT Stablecoin on the TRON (TRC20) Network. For more information, please follow other related articles on the PHP Chinese website!