TRX Surges 2.2% as Tether Minting and Network Upgrades Drive Record Stablecoin Activity

TRXUSDT experienced a 2.20% price increase over the past 24 hours, with the current price at $0.2883 (Binance), up from a 24h open of $0.2821. This positive movement is primarily attributed to recent developments on the Tron network, including Tether minting 1 billion USDT on Tron, which brought TRC20-USDT issuance to a record high and further solidified Tron's position as a leading stablecoin platform. Additional momentum came from Justin Sun’s announcement regarding potential upgrades to Tron’s transaction speed and the ongoing vote on reducing TRX block rewards, both of which have increased market interest and trading activity. TRX is currently ranked #9 by market capitalization, with a 24-hour trading volume of approximately $588 million, and remains about 35% below its all-time high, maintaining stability amid heightened ecosystem activity and user growth.