Crypto Long & Short: Inside the chain settling $150 billion of stablecoins a week

Neutral-9.81%
23 Sep, 15:07
Source: CoinDesk

AI Summary

Tron serves as the primary settlement layer for USDT, processing up to $190 billion weekly, though future stablecoin regulation poses potential risks to its economic thesis.

Tron launched as a content-distribution project and has become the settlement layer for a large share of the world's USDT, processing roughly $150 billion to $190 billion of stablecoin transfers a week. Josh Olszewicz of Canary Capital breaks down how the network's economics work and what stablecoin regulation could do to the thesis.