TRON’s USDT Dominance Fuels TRX Price Rally: $0.45 Breakout in Sight
TRON (TRX) is gaining significant bullish momentum as the network solidifies its position as the leading blockchain for stablecoin transfers, particularly USDT. With over $70 billion in USDT supply hosted on the TRON blockchain, surpassing Ethereum and Solana, the network is attracting institutional trust. Founder Justin Sun highlights this milestone as a key validation of TRON’s growing influence. Analysts are now eyeing a potential breakout for TRX, targeting $0.45, amid an emerging correlation with Bitcoin’s price movements.
TRON (TRX) Price Prediction: Network Eyes $0.45 Breakout Amid USDT Milestone and Bitcoin Correlation
TRON’s native token TRX shows bullish potential as the network cements its dominance in stablecoin transfers. The TRON blockchain now hosts over $70 billion in USDT supply, surpassing Ethereum and Solana in stablecoin volume. Founder Justin Sun framed the milestone as a validation of TRON’s growing institutional trust.
Market analysts note an emerging correlation between TRX and Bitcoin price movements, suggesting the altcoin could attempt a breakout toward $0.45 if the trend continues. The network’s positioning as a preferred settlement layer for stablecoins adds fundamental weight to technical forecasts.
Tether Amasses 7.7 Tons of Gold to Back XAUT Token
Tether, the issuer of the USDT stablecoin, now holds over 7.7 tons of physical gold to back its tokenized asset, Tether Gold (XAUT). The reserves, totaling 246,523.33 ounces, are stored in Swiss vaults, with each XAUT token representing one troy ounce of gold.
The disclosure comes via Tether’s first attestation report for XAUT, reinforcing its commitment to transparency. The move aligns with the company’s recent establishment of a headquarters in El Salvador, signaling deeper integration of digital assets into traditional finance.
OKX Launches OKX Pay to Simplify Self-Custodial Crypto Payments
OKX has unveiled OKX Pay, a self-custodial payments platform designed to bring seamless crypto transactions to mainstream users. The feature, integrated into the OKX app, enables gasless payments in USDT and USDC stablecoins with zero fees, while ensuring users retain full control of their assets.
Positioned as a crypto alternative to Venmo and PayPal, OKX Pay emphasizes practicality and security. The launch aligns with growing demand for user-friendly self-custody solutions in digital asset markets.