Blockchain technology has held one flag high, that of cryptocurrency, and has done so for a long time. Now the world is exploring other use cases of blockchain technology, and Tyron is one of the leaders in that space. Justin Sun, the founder of TRON, emphasized the same in the Global Blockchain Showwhich sheds light on the fact that they essentially rely on the unbanked population around the world.
To start with, Justin Sun said that the ideal goal is to create convenience for users through the use of blockchain technology. When it comes to accessing financial services, convenience actually includes the parts that traditional processes have not yet achieved. To give some perspective on this from his lens, more than a billion people in the world still do not have access to banking facilities.
This leads to problems such as the inability to access financial assistance. Justin Sun said they are using the TRON network to integrate them into the financial system. Therefore, it is convenient for them to pay their bills for food and other basic needs. It further elevates them by bringing them closer to the best level of others.
Sun said that even if they are motivated to achieve the goal, they would not consider doing so if there were a small safety risk. In other words, the TRON network will not compromise security to reach the population desperate for financial assistance.
These statements may have sparked inspiration in the blockchain industry. TRON is currently one of the leaders, but soon more people could follow suit in helping the unbanked population regardless of their geographic location.
The next step is to expand TRC20-USDT to benefit everyone. Once TRC20-USDT becomes stronger, blockchain and stablecoins will be able to be seamlessly integrated into people’s lives. Current performance and figures support this mission.
A new record was set with the issuance of TRC20-USDT, which surpassed 57.8 billion. Issuance volume has increased by almost 9 billion and the number of accounts with TRC20-USDT has reached the milestone of 41 million. Moreover, the cumulative number of transfers has exceeded 1.67 billion.
Both developments come days after TRON solicited feedback on blockchain from its community members. Not only blockchain, but also their opinion about Bitcoin, prior to Bitcoin Halving. Ten participants will now be randomly selected and their names will be announced after Bitcoin Halving.
That said, Bitcoin Halving has got everyone’s engines running as it is about to cause a surge in BTC’s valuation, further boosting the value of other major tokens in the market. The halving is tentatively expected to occur on April 20, 2024, reducing supply and rewards in the cryptocurrency economy.
Going forward, TRON has committed to strengthening the position of TRC20-USDT so that it can help people around the world by leveraging the best elements of stablecoins and blockchain.