Tron continues to expand its global footprint, celebrating a fresh milestone this month as the network crossed 13 million transactions, fueled in part by the launch of Russia’s new Ruble-backed stablecoin, RUBx.
Recent reports confirm that the Tron blockchain processed more than 8 million daily transactions, highlighting its position as one of the world’s busiest blockchains. Much of this activity is tied to stablecoin transfers, with Tether (USDT) remaining the most dominant digital dollar circulating on Tron’s 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.
RUBx Launch Marks Major Adoption Win in 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.
Early signs suggest robust interest in Russian stablecoins. A similar project, the A7A5 stablecoin, processed over $9.3 billion in transactions within its first four months, demonstrating strong domestic demand for blockchain-based ruble alternatives.
Tron’s Stablecoin Liquidity Keeps Rising
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.
TRX Price Eyes $0.30 Amid Bullish Momentum
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.
Despite short-term pullbacks, Tron’s Money Flow Index (MFI) shows renewed inflows since late June. The sustained buying pressure and limited sell-offs suggest that TRX could maintain its push toward the critical $0.30 mark if current momentum holds.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
