In 2024, the stablecoin market experienced a significant increase in transfer volume, reaching $15.6 trillion. This surpassed the volume of major traditional financial players like Visa, indicating a growing confidence in stablecoins worldwide. Tether (USDT) was the most widely used stablecoin, processing $5.46 trillion in transfers on the Tron network. Tron's growth can be attributed to its cost-efficient and seamless alternative to traditional financial mechanisms, and it became the leading platform in terms of monthly active addresses in the stablecoin sector. This highlights the increasing importance of stablecoins in decentralized finance.



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