The Tron network has reached a new milestone, processing over 13 million transactions. A significant part of this growth can be attributed to the launch of the RUBx stablecoin in Russia.
Transactions on Tron Reach New Milestone
Recent reports confirm that the Tron blockchain processed over 8 million daily transactions, highlighting its status as one of the busiest blockchains in the world. Much of this activity is tied to stablecoin transfers, with Tether (USDT) remaining the dominant digital dollar on the Tron network. According to CryptoQuant, Tron averages over $21 billion in USDT transactions every week, driven by strong adoption in Asia and South America. Many users see Tron as an alternative to volatile fiat currencies, thanks to its fast, low-cost transfers.
Launch of RUBx: A Significant Step for Russia
Russia has unveiled RUBx, its first state-backed stablecoin issued on a public blockchain. Developed by Rostec, a major Russian state-owned tech and defense company, RUBx is pegged to the Russian Ruble and aims to offer an alternative settlement option amid global financial restrictions. The launch of RUBx could open new doors for Russian users to bypass traditional banking rails such as SWIFT, while also helping local businesses navigate international sanctions. Analysts believe the rollout could strengthen Tron’s daily transaction volume further as demand for ruble-backed digital assets grows.
TRX Price and Stablecoin Liquidity
This milestone comes as Tron’s overall stablecoin liquidity continues its upward trend. The network recently hit an all-time high above $81 billion in total stablecoin liquidity, and the addition of RUBx could push this figure even higher in the months ahead. Tron’s native token, TRX, has mirrored the network’s positive sentiment. TRX closed out June in the green and carried that bullish momentum into the first week of July. The token currently trades at $0.28, hovering near its recent resistance levels. Data from IntoTheBlock reveals that 4% of TRX’s circulating supply was purchased in the past four weeks, reflecting fresh demand. Meanwhile, 65% of TRX holders have kept their coins for over 12 months, signaling a strong long-term holder base.
Thus, Tron showcases steady growth in both transaction volume and interest in its products, as confirmed by the launch of RUBx and the demand for stablecoins.
