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Nadav
@nadav
Why does Tron have such outsized stablecoin / payments traction in developing world (supposedly, that is)? What's the story behind this?
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Liam
@liam.eth
I think: They launched at the best time (as ethereum was getting popular for cross CEX transfers, but fees were insane) and got huge distribution from early integration with Binance. Then market makers used it as cheaper, faster, better way to move Tether around. Network effects of Binance users took care of the rest.
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Linda Xie
@linda
Spoke with many people in markets where Tron stablecoin payments took off and this is exactly the situation I understand as well
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polynya
@polynya
Exactly this, also Huobi, OKEx and many others - most of them friends or partners with Justin Sun. Later, Binance's aggressive expansion into developing countries also helped.
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usamaro
@rad
When I first bought crypto in late 2022, my go to stablecoin was USDT. I had a Binance account at the time but was trying out Huobi. Best way for me to transfer between CEXs was through Tron. + Even recently, I found myself using Tron because an interesting app was deployed there and not on chains I was using.
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