So USDT is what's keeping TRX alive?

[fzkto]

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.

I think that it was not about the fact that Tether is a dangerous asset for the entire crypto market, and more interested in the question of what the future of blockchain tron is if USDT is disconnected from them. I think then trx won't be any different from a bunch of other shitcoins that have been created a lot. TRX is one of those useless coins.

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[cryptoaddictchie]

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 )?

Trx has been used due to that reason and they also got an expanded trx application and not only due to that usdt is collapsing. If ever usdt go down I believe the entire market would be affected as well. We all knew that usdt is one of the highest paired volume token on different exchanges.

[electronicash]

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.

no other concrete usecase even though there are other TRC20 projects. its crazy that with just only USDT they still stay afloat that TRX still on the top position despite this only utility. i think Sun will have some other plans for TRX or probably use it to another stablecoin that is not depegged.

if USDT go bust, its not just TRX that will be hit. a lot of coins will take a nose dive.

[so98nn]

TRX is so dead that I recalled it after reading this thread and title of it. Couldn’t help it but there are so many projects out there which were really good when they started and they also had enormous volume in the initial days. TRX is one of the example which is just getting dragged along the way and doing nothing about it. It does have good volume but it does not have purpose. Such coins are deadly for long term investments and one should be careful about it. Even USDT is talks with legalities so it’s either bitcoin or directly fiat for me!!

[TimeTeller]

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.

no other concrete usecase even though there are other TRC20 projects. its crazy that with just only USDT they still stay afloat that TRX still on the top position despite this only utility. i think Sun will have some other plans for TRX or probably use it to another stablecoin that is not depegged.

if USDT go bust, its not just TRX that will be hit. a lot of coins will take a nose dive.

This is why I am curious why Justin Sun is offering billions of aid to FTX when in fact, their project is on the verge of collapsing?

https://www.reuters.com/technology/tron-founder-justin-sun-ready-give-billions-aid-ftx-bloomberg-reporter-2022-11-11/

Maybe just to create noise in the market. And jump on this drama. Though SBF has claimed he got $1B from Sun, along with OKX and Tether.
Sun should be doing something innovative to Tron platform, or else, this will suffer another exit in this industry.
If he has $1B to help FTX, then, more than likely he has still more to initiate strong developments on this platform.

[Xal0lex]

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 )?

It is possible that the collapse of USDT could have a negative impact on TRX. USDT on the TRX network is very popular and is cheaper for transactions, unlike Ethereum. So many people are buying TRX just to be able to send USDT transfers on the TRX network. I think this is one of the most important utilitarian features of TRX right now, and without USDT it will lose much of its capitalization and community. Algorithmic stablecoin USDD will definitely not replace USDT.

[WalkerIVIV]

yes, had it not caused by the fact that the platform has USDT it's probably already dead for long, this coin is even bad for investments considering the fact that it's ancient coin with minimal innovation, surely matic will be better option in term of choosing it for investments, I think USDT could always ditch this platform and choose to migrate over into the other if this coin continue to become lesser famous and losing volume.

[GreatArkansas]

Seems the Tron network now got a huge TVL because of the Defi lending platform which is JustLend.
If you take a look, JustLend's Dominance is 65%, very far from other platforms inside Tron Network.
And if you go to JustLend, the highest supply there is Bitcoin is more than $ 1 billion.
So for me, it seems even if USDT will fail, the Tron network is still here.

[TastyChillySauce00]

Seems the Tron network now got a huge TVL because of the Defi lending platform which is JustLend.
If you take a look, JustLend's Dominance is 65%, very far from other platforms inside Tron Network.
And if you go to JustLend, the highest supply there is Bitcoin is more than $ 1 billion.
So for me, it seems even if USDT will fail, the Tron network is still here.

Nothing gonna happen with TRON once USDT will fail or collapse. Tron has its as stable token called USDD. USDD is very similar with UST by luna which has been dead since a few months ago. The only good thing is USDD minted based on how much reserved funds that available on tron treasury yet we must always aware if any possibility for the bad things to happen will always there. As long as the CEO of tron won't do shady things like what happened with luna and FTX that was affecing so many lending platforms and just lend will still alive.
The liquidity must be kept safely to avoid the collapse from the platform.