Stablecoins
Cryptocurrency Volume Surpasses Visa on Tron Network
Monday. June 24 at 6:00 AM
1 min. readTether (USDT) trading volume on the Tron network briefly exceeded Visa's average daily volume last week. TronScan data revealed a $53 billion trading volume, $9 billion more than Visa's Q1 2024 volume. Christopher Maurice noted USDT on Tron as popular in Africa due to stablecoin benefits. Despite Tron's $10.3 billion market cap, stablecoin issues arose with Circle and Binance. Andreas Streb, a Bitcoin advocate, will become CEO of Volksbank Raiffeisenbank Bayern Mitte. Streb's Bitcoin program at the bank gained recognition. In a separate incident, Robert Wesley Robb pleaded guilty to a $2.2 million crypto fraud involving an MEV bot. Robb misused investor funds for personal expenses, facing up to 20 years in prison. Indy 500 driver Conor Daly's father holding DOT showcases cryptocurrency's reach.