• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: DC Crypto Summit Turns Tense: Senators Confront CEOs Over Alleged Political Allegiances
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: DC Crypto Summit Turns Tense: Senators Confront CEOs Over Alleged Political Allegiances

Analyst Claims Tron, Not Solana or Bitcoin, Is Banking The Unbanked: Is This True?

Dalmas Ngetich
by Dalmas Ngetich
1 year ago
·
Posted in Altcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to Qiao Wang, the customer support at Alliance DAO, Tron is the blockchain that has best banked the unbanked around the world. Tron is a smart contract platform and one of the many competitors of Ethereum.

Tron Is “Banking The Unbanked”

Taking to X on December 25, Wang argues that Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) are “too volatile, too expensive, or too new” to be used by people in developing countries. In Wang’s view, Tron is the only platform that has helped bank the unbanked because it is fast, cheap, and has been around longer than emerging but popular layer-1 platforms like Solana, for instance, or even layer-2 options like Arbitrum and Optimism. 

Related Reading: SOL Founder Says ‘Solana Is Ethereum,’ What Does He Mean?

Wang proceeded to cite on-chain data and specifically stablecoin activity which demonstrates that most USDT activity is domiciled on Tron. Notably, the analyst continues to say that most people interviewed or consulted actively use USDT on Tron to make payments and send money to their families. Further enablers in this value chain include critical peer-to-peer (P2P) portals like Binance P2P and Paxful.

Tron’s success, especially its dominance in stablecoin activity, can be attributed to multiple factors. One of them is how the platform is structured. Improving on Ethereum and aiming to address scaling challenges, Tron offers an improvized model designed to process more transactions cheaply. Moreover, the platform was one of the first to support USDT.

Tron price trending sideways on the daily chart | Source: TRXUSDT on Binance, TradingView
Tron price trending sideways on the daily chart | Source: TRXUSDT on Binance, TradingView

Considering rampant congestion and high fees on Ethereum, most USDT trading activity migrated to Tron, where the network gradually gnawed market share, acting as the main facilitator of USDT transfers. The low cost of transactions could explain its rising appeal, especially for people in developing countries.

Justin Sun: The Goal Is To Serve The World

Nic Carter, a partner at Castle Island Ventures, agrees with Wang that Tron is a good choice for banking the unbanked. Even so, Carter said a lot of intermediation is happening in the stablecoin space with platforms like Fintechs and banks acting as critical interfaces in minting or custodying collateral. Because of the role of these centralized platforms, Carter argues that it will eventually “end the era of consumer blockchains” like Tron. 

Related Reading: BREAKING: Barry Silbert Relinquishes Grayscale Chair Role, Mark Shifke Assumes Leadership

Chiming into the conversation, Justin Sun, the co-founder of Tron, said the platform aims to eventually serve 8 billion people around the world. Moreover, Sun added that Tron is “still in the early stages of developing this vision” but is committed to actualizing their objective.

Stablecoins on Tron | Source: TronScan
Stablecoins on Tron | Source: TronScan

According to TronScan data on December 26, there are over $48.8 billion USDT in circulation. Meanwhile, there are $39.7 billion of USDT circulating on Ethereum, according to Etherscan.

Feature image from Canva, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Dalmas Ngetich

Dalmas Ngetich

Follow

Dalmas is an experienced journalist with over a decade in Forex, general finance, technology, and blockchain developments. He is currently a crypto reporter for Bitcoinist, where he covers DeFi, blockchain, DeFi, and latest industry news. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, CoinTelegraph, and Entrepreneur, among others. He is passionate about technology and politics and is always on the lookout for the latest trends in these fields. He also loves spending time with his family and friends, exploring nature, and traveling to new places. Connect on X: @Dalmas_Ngetich, or message him directly on Telegram here: @Dalmas_Ngetich.

Full Profile

Related Posts

페페노드

리테일 신뢰도 상승으로 XRP 급등 — 페페노드, 차세대 폭등 코인으로 부상

1 hour ago
일론 머스크 도지코인

도지코인 2025년 전망 – 플로키 이후 차세대 급등 코인 될까?

1 hour ago
CEX et blanchiment d’argent : les exchanges centralisés sous le feu des critiques — enquêtes et risques

CEX et blanchiment d’argent : les exchanges centralisés sous le feu des critiques

8 hours ago
chatgpt-altcoin-memecoin-prediction-xrp-bnb-ada-price-forecast

ChatGPT預測年底3大山寨幣與新迷因幣黑馬:XRP、BNB、ADA價格預測行情

12 hours ago
live-news-solana-hong-kong-spot-etf-approval-update-october-23-2025

索拉納(Solana)即時新聞:香港批准現貨ETF動態更新(10月23日)

14 hours ago
Ripple

$1B Shockwave: Ripple-Linked Company To Build A Massive XRP Empire

18 hours ago

Premium Sponsors

Press Releases

  • ORIGIN Protocol's LGNS Achieves Historic Milestone: Liquidity Tops $194 Million, Reclaiming Title as Global Leader in DeFi

    ORIGIN Protocol’s LGNS Achieves Major Milestone...

    24 hours ago
  • bonus kcex

    Bonus KCEX: promozione da $21.000 con un bonus deposito del...

    1 day ago
  • Maxi Doge

    Защо Maxi Doge може да се окаже...

    1 day ago
  • 挖 1 枚比特幣耗電可供 61...

    1 day ago
  • KCEX стартира бонус за търговия от...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.