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: April 13, 2023 at 6:23 pm
Cover art/illustration via CryptoSlate
In this article
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
More about Ethereum
Tether
$1.00029
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
More about Tether
USD Coin
$1.00016
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
More about USD Coin
Binance USD
$0.99998
BUSD is a stablecoin issued by Paxos in partnership with Binance..
More about Binance USD
Dai
$0.99987
Dai (DAI) is a cryptocurrency token and operates on the Ethereum platform.
More about Dai
TerraUSD
$0.01292
TerraUSD is a native Terra stablecoin pegged to the US Dollar..
More about TerraUSD
Tether Gold
$1,962.84
Tether Gold (XAU₮) is a digital asset offered by TG Commodities Limited.
More about Tether Gold
Upcoming Events
Press Releases
