Why Tether and Tron Are The Power Couple of Stablecoin Payments! 💰🤯

by

What to know:

  • According to the “Stablecoin Payments from the Ground Up” report, USDT is stealing the show with a whopping 90% of transaction volume. Seriously, where’s the competition? 😲
  • Tron has the honor of being the go-to settlement network, handling about 60% of that action. Move over, Ethereum and Binance Smart Chain; you’re in the slow lane! 🚀
  • In February, the total stablecoin payment volume was enough to buy several small islands—$72.3 billion, to be exact. For reference, that’s like 200 million avocado toasts in Brooklyn. 🥑

Tether’s USDT and the Tron blockchain are snatching the spotlight in the fast-paced world of stablecoin payments, thanks to some number-crunching nerds at Artemis along with their pals at Dragonfly and Castle Island Ventures. Who knew finance could be this cool?

A riveting report titled “Stablecoin Payments from the Ground Up” reviewed 31 stablecoin payment companies, which apparently felt like an undercover mission. It concluded that USDT—the cool kid on the stablecoin block—racked up 90% of transaction volume, leaving Circle’s USDC, the overachieving second-place loser, in the dust.

As for Tron… imagine it’s the cool kid in the lunchroom. It’s got nearly 60% of the volume, while Ethereum, Binance Smart Chain, and Polygon sit like wallflowers wishing they’d brought a better snack. 🍕

February’s snapshot of stablecoin payments brought together various payment types and sectors, which basically means everyone’s invited to the party now: B2B, P2P, B2C, Card, and Lending—the whole gang! 🎉

Originally, these dollar-pegged digital tokens were like that friend who only surfaces for juicy gossip—great for parking money while trading crypto. Now they’re like that friend who never leaves the party and insists on eating all the dip—because they’re too good at it! 💃

Despite Circle’s noble ambitions of world domination with cross-border payments, USDC is still playing catch-up. It’s like the underdog who keeps saying, “I swear, I’m going to work out tomorrow!” But let’s be real; Tether is hogging the attention over there. 🙄

In a recent discussion, Dragonfly partner Rob Hadick straight-up said, “For the 31 providers we consulted, Tether is basically king of the payments castle.” Who knew being a popular kid in high school could carry over to crypto? 👑

Between Argentina and Brazil, people are treating Tether like it’s the real deal—while the banks sit there sweating bullets worried about failures. If you were in their shoes, you’d want Tether too. Come on, let’s be reasonable! 😅

And guess what? Companies using stablecoins couldn’t care less about which blockchain is in vogue. As long as Tron keeps things speedy and cheap, it’s like ordering takeout: you just want your food to arrive hot and on time! 🍕

So, in South America, folks aren’t just saying they use “stablecoins”; they’re like, “We use Tether!” It’s as ingrained in their everyday life as asking for Uber rides in the U.S.—they want the convenience, baby! 🛻✨

Read More

2025-05-29 17:35