- Shiba Inu’s Shytoshi Kusama praises TRON’s Justin Sun for his blockchain and stablecoin market leadership.
- TRON now processes 92% of all USDT transactions, hosting $60 billion in the stablecoin.
- Kusama credits Sun as an early inspiration for Shiba Inu’s growth and future product-market fit.
Shytoshi Kusama, the pseudonymous leader of the Shiba Inu project, has expressed admiration for TRON’s founder, Justin Sun. Kusama acknowledged Sun’s pioneering role in the blockchain and stablecoin space.
This comes after a recent analysis that highlighted the TRON blockchain’s importance in the $200 billion stablecoin market.
TRON Dominates the Stablecoin Market, Processing 92% of Tether’s USDT
In a post, analyst Kate Young Ju highlighted TRON’s dominance in the stablecoin market, particularly its USDT transactions. According to Ju, TRON now processes 92% of all USDT transactions, which totals $60 billion in the popular stablecoin.
However, the analysis said that TRX’s market cap is only $17 billion, which could mean significant room for growth. Ju also said that TRX-based USDT is widely used for global trade, offering fast, low-cost remittances. This makes it a popular choice for stablecoin users worldwide.
Sun Reflects on Blockchain’s Evolution
TRON founder Justin Sun echoed this sentiment, reflecting on the evolution of blockchain technology. “From the beginning, I saw blockchain as a transformative way to move value,” Sun remarked.
He said that Bitcoin’s early days were inaccessible to the average user because of high transaction fees and slow speeds. Today, he believes TRON has solved these issues, providing a decentralized, fast, and affordable solution that’s accessible to all.
Kusama Inspired by Sun
In a comment directed at Sun, Shiba Inu’s leader Kusama commended Sun for TRON’s achievements. Kusama said Sun was an early inspiration for Shiba Inu’s growth and direction, and he praised Sun’s product-market fit (PMF) within the cryptocurrency industry.
“You were a big inspiration for me early on, and I am proud to see you achieve PMF in this space,” he said. Remarkably, Kusama further expressed confidence that Shiba Inu will achieve its own product-market fit “in a different manner.”
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