JustLend, the biggest of the three, has $1.9 billion of deposits, but only $67 million borrowed, meaning that only 3.5% of the funds are actually used. JustStables, a DeFi system that already issues a dollar-pegged stablecoin (USDJ) on Tron, has $1.3 billion in deposits, but only $288 million in stablecoins were minted. And SunSwap, the third largest protocol, has very little activity outside of trading Tron’s native cryptocurrency, TRX.
Related posts
-
Bitcoin Price Set To Surge With $2.5 Billion Stablecoin Inflows
An influx of $2.5 billion in stablecoins is anticipated to potentially drive a significant surge in... -
Bitcoin's Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months
The dwindling metric points to declining selling pressure in the bitcoin market. Source Spread the love -
Bitcoin Traders Cautious Despite Massive Stablecoin Inflow: What’s Next For BTC?
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs,...