TRON (TRX) Leads Stablecoin Surge with Record USDT Activity and Zero-Gas Transfers

In 2024, TRON’s network achieved unprecedented growth in stablecoin transactions, particularly USDT, driven by peer-to-peer transfers and innovative zero-gas fee features. This surge highlights TRON’s dominance in the stablecoin market and its appeal to users seeking efficient, cost-effective transactions.

TRON Dominates Stablecoin Transfers and Growth in USDT Activity

TRON’s network is largely driven by stablecoin transfers, with over 99% of all its trading activity coming from USDT transactions, which are mostly peer-to-peer. In 2024, TRON reached its highest Tether (USDT) trading activity, processing about $17.9 million in transfers and 5.46 trillion in DeFi and trading. The platform has gained more users due to the introduction of zero-gas USDT transfers, making transactions more efficient and cost-effective. According to data from Messari, over 99% of TRON’s network activities come from stablecoin transfers.

Binance Founder Denies DOJ Deal to Testify Against Justin Sun

The crypto spotlight is back on Binance founder Changpeng Zhao (CZ), as a new Wall Street Journal (WSJ) report claims he agreed to provide evidence against TRON founder Justin Sun as part of his plea deal with the U.S. Department of Justice (DOJ). CZ has slammed the WSJ for publishing what he calls another “baseless” attack. Additionally, the report mentions Binance’s attempt to persuade the Treasury to remove the appointed monitor overseeing them.

CZ Denies Cooperation Against Justin Sun in Crypto Allegations

Binance founder CZ has fiercely denied Wall Street Journal claims that he agreed to testify against Tron’s Justin Sun in a plea deal with the U.S. Department of Justice (DOJ). Justin Sun has called the allegations ’baseless’ and publicly supported CZ, calling him a mentor and close friend. The development could have significant Ripple effects across the crypto world as Binance rebuilds post a $4.3B settlement. Political shifts and CZ’s influence hint at a strategic U.S. comeback if Trump returns to office.