According to the chief executive of analytics firm CryptoQuant, an Ethereum competitor, Tron (TRX), has gained a significant share of USDT stablecoin transactions. The value of USDT hosted on Tron is now more than three times the blockchain's market cap. Tron processes 92% of USDT transactions and holds $60 billion in USDT, despite its market cap being $17 billion. Tron-based USDT is widely used in global trade for its low-cost and fast stablecoin remittances. The CEO praises Justin Sun, the founder of Tron, for building the largest global stablecoin trade remittance system. The CEO also states that it is too early to classify Bitcoin as being in a bubble, as its market capitalization has not significantly exceeded its realized capitalization. Based on current realized cap, the CEO suggests that Bitcoin could rise to $141,000. At the time of writing, Bitcoin is trading at $98,223.



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