Tron [TRX] sees expansion, but this impending danger can't be ignored
Tron became a go-to platform for stablecoins ever since the USD Coin [USDC] depegging episode which rattled the broader crypto market. In fact, a day after the fateful event, the stablecoin inflows into the network reached a three-month high of $1.17 billion.
The remarkable growth prompted Tron founder, Justin Sun, to announce an ambitious plan of growing the stablecoin market cap to $60 billion. It became evident that stablecoin-dominated trading powered the whole network. Since the stablecoin turmoil, the revenue generated on the chain surged 70% until 24 March while the daily user base expanded by 21%.
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