So USDT is what's keeping TRX alive?

[Outhue]

If USDT fails in future wouldn't TRX be the most affected? I said this because I don't see any other reasons why TRX is doing so well if not for a lesser gas fee/transaction when dealing with USDT.

Am I wrong? Is there any other good reason to use TRX ( TRON )?

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[DanWalker]

If USDT fails in future wouldn't TRX be the most affected? I said this because I don't see any other reasons why TRX is doing so well if not for a lesser gas fee/transaction when dealing with USDT.

Am I wrong? Is there any other good reason to use TRX ( TRON )?

I will agree with your thoughts, for many people Tron is really a dead project without any development or updates and Tron is known only for USDT transactions. In case USDT fails, I also believe we will have no other reason to use Tron. We invest for profit, and Tron is today nothing more than a stable coin, without any noticeable fluctuations. There was a time when I really loved Tron, and now I am extremely disappointed with it.

[TastyChillySauce00]

If USDT fails in future wouldn't TRX be the most affected? I said this because I don't see any other reasons why TRX is doing so well if not for a lesser gas fee/transaction when dealing with USDT.

Tron has its own stable token but it was pegged with limited reserved funds and tron USDT was the main reason that keeps the network is still alive with so many users. I didn't see any other reason than USDT that makes tron alive till now. This blockchain was so garbage and it's only having small transaction fees as an advantage.

Am I wrong? Is there any other good reason to use TRX ( TRON )?

you're not wrong. you're right about that. Tron usefulness of tron was related with decentralized application caused by tron was native coin.

[vv181]

If USDT fails in future wouldn't TRX be the most affected?

Specifically about USDT, supposing it fails I believe it will greatly affect the whole cryptocurrency ecosystem. USDT on Tron might be the largest amount on the market capitalization but we should acknowledge that USDT, diresgarding its controversy, has been playing major parts within the cryptocurrency ecosystem like an exchange, DEX, and DeFi, all are exposed to USDT.

So if the consequence of it only affected TRX the most, I'm sure it is very unlikely considering the factor I have mentioned above. Nevertheless, I think Tether in the near to come will tightly conduct a full audit or fix their lack of transparency issues, noting the FTX fiasco making regulators keep an eye on this space.

[cryptomaniac_xxx]

If USDT fails in future wouldn't TRX be the most affected? I said this because I don't see any other reasons why TRX is doing so well if not for a lesser gas fee/transaction when dealing with USDT.

Am I wrong? Is there any other good reason to use TRX ( TRON )?

To some extent, I will agree yes, it might be that USDT is what keep TRX afloat right now.

Not sure if I'm correct, but during the bull run last year, TRX was not one of those who have a tremendous growth. Again, I maybe just speculating here or my memory is wrong, but there are coins that beat TRX by x amount of % in the last great bull run we had. I mentioned it because it goes to show the the support is weakening and so if by chance USDT suddenly de pegged and can't recover, then it can bring down TRX with it.

[Vidarse]

Now, I can say that Tron is only being used by the USDT, whether you are going to make transactions to another wallet or want to swap some Tron Coin. Secondly, the Tron has a faster transaction speed as compared to the polygon chain. I think, in the past, there was more usage of Tron as compared to now, and the reasons are above.

[Dave1]

Now, I can say that Tron is only being used by the USDT, whether you are going to make transactions to another wallet or want to swap some Tron Coin. Secondly, the Tron has a faster transaction speed as compared to the polygon chain. I think, in the past, there was more usage of Tron as compared to now, and the reasons are above.

It could have a faster network transaction, but if no one is using it, then even that advantage will not be seen by anyone.

And so it's true, we've seen a lot of USDT transaction and obviously, you can't do any without TRX and so that is the only usage for them as this point. They are totally reliant on USDT to keep them alive, so to speak. Tether has been asked for a full audit but they don't want to, and so we don't know if they are running on fractional reserves or not. So if by chance they collapse then it will also spell doomed for Tron.

[crzy]

If USDT fails in future wouldn't TRX be the most affected? I said this because I don't see any other reasons why TRX is doing so well if not for a lesser gas fee/transaction when dealing with USDT.

Am I wrong? Is there any other good reason to use TRX ( TRON )?

Definitely the reason why TRX are rising is because of USDT though other tokens are also using TRON network and that could help them to stay within the competition. TRX should start looking for alternative now after what happened to other stablecoins because if USDT experience the same faith, then TRX will surely be on a big trouble.  Cheaper network and faster transaction makes TRX different, I hope they can find other utility.

[jossiel]

On point thought, really.

Before it was all about the hype that Justin Sun has made about the partnership style of marketing and then with this adoption of having USDT on its network made it one of the most used protocol or network for the usage of USDT.

There could be an affection whenever USDT fails and that will hurt the TRX network for sure. Because it is cheap to send USDT on this network and I guess TRX thrived and stand out with that.

[goaldigger]

If USDT fails in future wouldn't TRX be the most affected? I said this because I don't see any other reasons why TRX is doing so well if not for a lesser gas fee/transaction when dealing with USDT.

Am I wrong? Is there any other good reason to use TRX ( TRON )?

You’re not wrong here, USDT seems the biggest user of TRX network and with that if there’s a panic with regards to USDT the probably TRX will be affected as well. I can’t find any other good reason to use TRX and they should already anticipate this and look for other opportunities. TRX seems to be more complacent with USDT but after the issues with stable coins, they have to start looking for other good reason. Investors will start to panic if USDT started to fall, but I’m confident USDT will not ended up just like the other failed stable coins.

[o48o]

If USDT fails in future wouldn't TRX be the most affected? I said this because I don't see any other reasons why TRX is doing so well if not for a lesser gas fee/transaction when dealing with USDT.

Am I wrong? Is there any other good reason to use TRX ( TRON )?

If usdt would fail, trx would be over, but frankly so would crypto as we know it. Prices would crash like nothing we seen before and recovery from that would take years. It would be longest bear run we ever had.

But about trx: Sending cheap usdt between exchanges is the only reason i have used it and funny enough only selling point from trx fanbois. I moved to BSC usdt long time ago and haven't looked back.

[Maidak]

If usdt would fail, trx would be over, but frankly so would crypto as we know it. Prices would crash like nothing we seen before and recovery from that would take years. It would be longest bear run we ever had.

USDT has been entangled in bad rumors for years, and I wouldn't be surprised if USDT suddenly collapses one day. No matter how painful the market is, we will eventually recover, it's like other altcoins in the market, it is not the brains of the market but only a tiny part of the market.

But about trx: Sending cheap usdt between exchanges is the only reason i have used it and funny enough only selling point from trx fanbois. I moved to BSC usdt long time ago and haven't looked back.

Not only you but we all use Trx for the sole reason of USDT, but those who use Binance may be changing their habits. Likely in the future, CZ will also remove USDT from Binance as he did with other stablecoins this year and look to promote BUSD.

[BitDane]

Now, I can say that Tron is only being used by the USDT, whether you are going to make transactions to another wallet or want to swap some Tron Coin. Secondly, the Tron has a faster transaction speed as compared to the polygon chain. I think, in the past, there was more usage of Tron as compared to now, and the reasons are above.

Isn't this a reason enough why TRX is alive and not because of USDT?  TRX having fast confirmation and low fee is already a good feat.  What else would we wanted to see with TRX?  So I say, it isn't USDT that is keeping TRX alive but its feature.  We can agree or disagree but USDT TRC20 is taking advantage of TRON blockchain feature why it is one of the sought after stablecoin network.

[MoonOfLife]

What you are thinking is right, Trx will die if USDT fails. Today I am still using Tron for the sole purpose of USDT and I have no other reason to use Trx. If someone says Trx has cheap and fast transaction fees it is true but we also have many altcoins with similar features to Trx so there is no reason to use an ugly coin like Tron.

[o48o]

USDT has been entangled in bad rumors for years, and I wouldn't be surprised if USDT suddenly collapses one day. No matter how painful the market is, we will eventually recover, it's like other altcoins in the market, it is not the brains of the market but only a tiny part of the market.

Well i guess we get an answer to that in any day now as tether gets fully audited

Not only you but we all use Trx for the sole reason of USDT, but those who use Binance may be changing their habits. Likely in the future, CZ will also remove USDT from Binance as he did with other stablecoins this year and look to promote BUSD.

He would be only lose by doing that, usdt is minted on BSC as well and that's the only chain i am using it with. IF USDT would be removed from binance people would just change to exchanges where you could trade against usdt pairs. It would be like removing eth to promote bnb.

[Maidak]

Not only you but we all use Trx for the sole reason of USDT, but those who use Binance may be changing their habits. Likely in the future, CZ will also remove USDT from Binance as he did with other stablecoins this year and look to promote BUSD.

He would be only lose by doing that, usdt is minted on BSC as well and that's the only chain i am using it with. IF USDT would be removed from binance people would just change to exchanges where you could trade against usdt pairs. It would be like removing eth to promote bnb.

I'm not sure about that, look what he did with other stablecoins like USDC, DAI, and TUSD...in which USDC is also the leading stable coin, even the market capitalization and trading volume is larger than BUSD. Until now USDT is too big to be eliminated immediately, but over time, he will also find a way to eliminate it and replace it with BUSD entirely.

I also don't think people will find a better and more reliable exchange than binance at this point, CZ knows that and he will take advantage of it. Currently USDT is still the stablecoin I use the most, but if I had to choose, I would choose binance over USDT.

[o48o]

I'm not sure about that, look what he did with other stablecoins like USDC, DAI, and TUSD...in which USDC is also the leading stable coin, even the market capitalization and trading volume is larger than BUSD. Until now USDT is too big to be eliminated immediately, but over time, he will also find a way to eliminate it and replace it with BUSD entirely.

Minted amount / marketcap doesn't give full picture. But BUSD has almost 200% of daily volume to USDC, and DAI isn't even in same league. I am not sure what the issue is with USDC and DAI but i am pretty sure they are going to be extra careful with stable coins after UST.

Meanwhile usdt has 334% more daily volume then BUSD. There's no competing against that. And the fact that they accept it means that people can deposit it to binance and trade there rather then elsewhere. It isn't all competition. CZ talks about going full decentralized in the future. That would mean there wouldn't necessarily be any fiat backed currency by binance.

I also don't think people will find a better and more reliable exchange than binance at this point, CZ knows that and he will take advantage of it. Currently USDT is still the stablecoin I use the most, but if I had to choose, I would choose binance over USDT.

This can all change in a heart beat, but the fact that i said that crash of usdt would crash everything goes for binance too. If binance crashes at this point, that would be something maybe too hard to recover from.

[dwminer1]

Let's start with the fact that the collapse of USDT would be tragic for the entire crypto market. For TRX, it would be a double blow. Let's remember, however, that TRX is not only USDT, there are some applications on their blockchain, they also have their own stable coin - USDD (currently 55th place on CMC: https://coinmarketcap.com/currencies/usdd/). It is also Justin Sun's flagship project, whom you may not like, but you can't say that he doesn't know about this business. He would certainly use all his financial opportunities and contacts to stay in the game.

[fuguebtc]

Now, I can say that Tron is only being used by the USDT, whether you are going to make transactions to another wallet or want to swap some Tron Coin. Secondly, the Tron has a faster transaction speed as compared to the polygon chain. I think, in the past, there was more usage of Tron as compared to now, and the reasons are above.

Isn't this a reason enough why TRX is alive and not because of USDT?  TRX having fast confirmation and low fee is already a good feat.  What else would we wanted to see with TRX?  So I say, it isn't USDT that is keeping TRX alive but its feature.  We can agree or disagree but USDT TRC20 is taking advantage of TRON blockchain feature why it is one of the sought after stablecoin network.

I don't think so, if you are looking for a blockchain with cheap and fast transaction fees, today we have a lot of similar blockchains, not just Tron, such as XRP, LTC, and Sol... all of them cheap and fast. Today, Tron is known almost exclusively as the blockchain for USDT, nothing more and nothing less, without the existence of USDT, Tron will soon be forgotten.

If you want to find a stablecoin that is not USDT, then Tron can also be an option, a coin with almost no volatility, Tron is no different from a stablecoin .

[tomahawk9]

USDT is a ticking time bomb keeping everything alive give the supply. Should it go bust any second it would be a catastrophe

TRX? They can survive on their own.