TRC20-USDT Issuance Surpasses 77.7 Billion, Setting a New Record
The issuance of TRC20-USDT has increased to 77.7 billion, setting a new historical high. Since the beginning of this year, the TRON network has issued nearly 18 billion additional USDT. As of now, TRC20-USDT accounts for more than half of the total USDT issuance across the network, with 66.25 million holding accounts and over 2.52 billion cumulative transfers. TRON founder Justin Sun previously stated at TOKEN2049 Dubai that TRON's goal is for the total market value of stablecoins to exceed $100 billion this year.
TRC20-USDT is a dollar-pegged stablecoin issued by Tether on the TRON network, characterized by fast transfer speeds and low transaction fees, which have attracted a large number of users and support from multiple exchanges. The TRC20 version of USDT will significantly enhance TRON's existing decentralized application ecosystem, bringing higher overall value storage and stronger decentralized exchange liquidity, and providing a more convenient blockchain entry for enterprise partners and institutional investors.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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BUZZ - Broker Perspectives: Analysts Express Doubts Over Starbucks and Chipotle Acquisition
Latest Update October 9 – The Financial Times reported on Thursday that Starbucks (SBUX.O) has explored a potential acquisition of Chipotle (CMG.N). This move would bring CEO Brian Niccol back to the Mexican burrito chain he once led. Starbucks declined to comment, saying the company remains "fully focused" on its business turnaround. Chipotle's stock fell about 4% to $31.32 on Friday, after surging 6.2% in the previous trading session. Limited strategic rationale BTIG expressed "high skepticism," stating that the deal does not make sense operationally, would cause significant dilution for Starbucks shareholders, and would disrupt management operations. "Over the years we've heard many stories about multi-brand acquisitions... but few have materialized, and even fewer have succeeded," BTIG noted. William Blair pointed out that Starbucks’ $9.4 billion net debt as of June makes it difficult to finance an acquisition and could push the combined company’s leverage ratio to about six times—considered high for the restaurant industry. D.A. Davidson stated the probability of the deal succeeding is 20% or less, given the significant differences between the brands and the apparent lack of clear synergies. Raymond James noted that due to the low overlap in menus, supply chain benefits are likely limited, while performance among multi-brand restaurant platforms has been mixed. eMarketer’s Suzy Davidkhanian commented that Niccol's familiarity may reduce execution risk, but investors might still see the deal as a "costly distraction" during Starbucks’ transformation. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Automated translation may be inaccurate or fail to include necessary context; Reuters does not guarantee the accuracy of automated translated text and provides it solely for readers’ convenience. Reuters accepts no responsibility for any damage or loss resulting from the use of automated translation functions.)
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