- Tether CTO Paolo Ardoino discusses the high volume of USDT on the Tron blockchain network.
- Tron has a four-year first-mover advantage in offering fast and inexpensive transactions for USDT.
- The majority of USDT usage occurs on centralized exchanges, but Tron represents transactions outside these platforms.
In a recent interview with Scott Melker, AKA the Wolf of All Streets, Tether CTO Paolo Ardoino spoke about the surprising volume of Tether’s stablecoin USDT on the Tron blockchain network.
Ardoino noted that a significant share of USDT volume occurs on Tron, which people don’t care much about. He suggested users are flocking to Tron because it offers fast and inexpensive transactions when they want to trade in digital dollars.
“I’m always surprised every time I see where the volume of USDT is happening because it’s seemingly the bulk of it is on Tron,” said Melker. He added that, at the end of the day, users care most about speed, cost, and using USDT for transactions.
According to Ardoino, the vast majority of USDT usage comes from centralized exchanges. Nonetheless, activity on blockchains like Tron represents a slice of transactions occurring outsi…
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