TRON Stablecoin Supply Hits Record High Despite Price Stalls

TRON has hit a major milestone in its stablecoin ecosystem, with $71.9 billion in USD-backed tokens now circulating on the network. This record high comes after Tether (USDT) minted another $1 billion USDT on TRON, signaling continued growth in the space. 📈 💰 Furthermore, TRON’s decentralized exchange volume has soared by 40%, reflecting a healthy ecosystem. 📈 ⚡️ The network is also seeing increased value locked and robust daily USDT transfers, highlighting its robust stability. 🔐 However, TRX price remains stagnant, struggling to break above the $0.25 resistance level despite positive momentum from various factors. 📉 A new USD-backed stablecoin issued by World Liberty Financial further enhances institutional participation. 👀 Additional developments include approval of P2P.org as a TRON Super Representative and a spot TRX ETF filed by Canary Capital, indicating increased interest from traditional finance. 🤝 The future looks positive for TRON, with founder Justin Sun predicting a new all-time high in Q2. He also suggests increasing market maturity and correlation with Bitcoin are driving the gains. 🚀