Tether (USDT) that has been issued on the Tron blockchain nearly reached 1 billion

According to data provided by CoinMetrics, the amount of Tether (USDT) that has been issued on the Tron blockchain nearly reached 1 billion.

Tron is steadily inching closer to surpassing Bitcoin when it comes to the total USDT supply. At the time of writing, the Omni-based Tether stands at around 1.5 billion after witnessing a steady decline in 2019.

Source:  Coinmetrics.substack.com

In the Tether world, Bitcoin ceded ground to Ethereum on Oct. 30. It took the ERC-20 version of the world’s leading stablecoin less than two years to achieve this feat. Now, the gap between the two coins continues to widen with the total supply of Ether-based reaching nearly 2.5 billion tokens.

On January 23, Tether announced that issues (XAU₮), which aims to offer the “security of a digital asset pegged to physical gold” which is securely kept in a vault in Switzerland. One coin will be equal to one troy fine ounce of physical gold, currently worth approximately US$1,550. Tether Gold is available as a TRC20 token on the TRON blockchain as well as an ERC-20 token on the Ethereum blockchain.

TRX/USD spikes over 12% following a blitz of activities

Since crossing the falling wedge resistance at $0.01400 USD on Jan. 6, the price of TRX has been on a steady uptrend beating key resistance levels at $0.01500, $0.01600 and $0.01730. The bulls further tested the major resistance at $0.018200 USD, breaching it in the early trading hours of the Asian market, as the price targets a spike to the $0.020 USD level in coming days.

TRX / USD 7 days chart | Source: Coinmarketcap

The daily relative strength index is oscillating in the overbought level at 69.26 with a bullish projection on the price. The moving average divergence convergence (MACD) further signals a continuation of the bullish run after a golden cross formation.

The spike in TRX price may be closely related to the recent announcement by TRON Foundation to offer airdrops to TRON holders on Poloneix exchange.

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