As stablecoin activity on Ethereum trends down, TRON emerges as a potential winner in the changing landscape. However, a new narrative is taking shape with gold-backed stablecoins. Amidst growing concerns over the safety of USDC and BUSD, USDT's market cap has risen, suggesting the market views it as more trustworthy. Will TRON truly dominate over Ethereum, and can gold-backed stablecoins seize the opportunity in the current macroeconomic conditions? Discover the answers and the surprising insights we reveal in the full article...
Research: TRON and gold-backed stablecoins poised for growth as Ethereum activity shrinks Research: TRON and gold-backed stablecoins poised for growth as Ethereum activity shrinks
Ethereum stablecoin activity plunges, but potential new narratives are emerging in TRON and gold-backed stablecoins.
4 min read
Updated: Apr. 13, 2023 at 6:23 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Tether
$1.00100
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
USD Coin
$0.99998
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Binance USD
$1.00134
BUSD is a stablecoin issued by Paxos in partnership with Binance..
Dai
$1.00014
Dai (DAI) is a cryptocurrency token and operates on the Ethereum platform.
TerraClassicUSD
$0.02113
TerraUSD (UST) is a decentralized and algorithmic stablecoin on the Terra blockchain.
Tether Gold
$2,707.93
Tether Gold (XAU₮) is a digital asset offered by TG Commodities Limited.
