CEO UQUID Tran Hung: This 125% Surge in USDT Transactions is Just the Start — Here’s What’s Next
In an era where decentralized finance (DeFi) is transforming global commerce, UQUID is pioneering new ways to make cryptocurrency accessible for everyone, anywhere. With the rise of stablecoins like USDT, especially on networks like TON, we’re seeing rapid growth in decentralized transactions.
Recently, our Uquid Research revealed a 125% surge in shoppers using USDT on the TON Network. This growth is led by regions like Latin America (LATAM) with a +38% increase, followed by Africa (+26%), the CIS (+22%), and Asia (+10%), highlighting the growing global adoption of USDT for everyday transactions.
To explore the impact of this surge, particularly within the 1 USDT Store, we sat down with UQUID CEO Tran Hung to discuss how these developments are shaping the future of everyday shopping with cryptocurrency.
Q: Tran, first off, we’ve seen a 125% surge in USDT transactions on the TON Network in August at the 1 USDT Store. What are your thoughts on this growth?
Tran Hung: Yeah, it’s really exciting, right? I mean, this kind of surge is exactly what we’ve been hoping for. It shows that people are getting more comfortable with using stablecoins like USDT for everyday transactions. And it’s not just about the numbers — it’s about the confidence people now have in stablecoins for real-world use.
At UQUID, we’ve been working hard to make digital payments as smooth as possible, and this growth just shows that we’re on the right track. The TON Network, with its speed and scalability, has really struck a chord with users, and USDT’s stability is proving itself over and over again. I’m confident this is just the beginning. As more people see how easy it is to use USDT for shopping or sending money, we’re going to keep growing.
Q: What do you think has been the biggest factor behind this surge in USDT transactions?
Tran Hung: You know, I think it comes down to a few things. First, people trust USDT because it’s stable. In a market where things can be really volatile, that stability is key, especially for both consumers and merchants. They know what they’re getting.
Then there’s the TON Network. It’s fast, it’s cheap, and it scales well. This means users can send money or make purchases without worrying about high fees or long wait times. We’ve integrated that into our 1 USDT Store to give people a seamless experience. And lastly, the whole decentralized finance (DeFi) space is growing. More people are looking for alternatives to traditional banking, and platforms like ours, with transparency and control, are filling that gap.
Q: We’ve seen Latin America leading in USDT usage, followed by Africa, CIS, and Asia. How is UQUID planning to support this growing demand for cryptocurrency in these regions?
Tran Hung: Great question! We’re super focused on making sure we’re supporting growth in these regions. First, we’re enhancing our platform with localized payment solutions, so users can easily deposit and withdraw funds in a way that works for them. This really lowers the barriers for entry into the crypto world.
We’re also expanding our network of merchants, especially in small and medium-sized businesses. The more local merchants accept USDT, the easier it will be for people to use crypto in their daily lives. And we’re not stopping there — we’re investing heavily in financial inclusion initiatives. A lot of people in these regions are unbanked or underbanked, and USDT gives them a way to access financial services without needing a traditional bank account.
Oh, and we’re also ramping up educational campaigns. There’s still a lot of misunderstanding about crypto, so we want to help people understand how easy and secure it can be. And since mobile phones are everywhere in places like Latin America and Africa, we’re making sure our platform is optimized for mobile use. It’s all about making crypto accessible for everyone.
Q: How does TON’s low-cost and efficient network help expand USDT transactions through UQUID?
Tran Hung: Honestly, TON’s network has been a game-changer for us. The low fees are a big deal, especially in regions where people just can’t afford to pay high transaction costs. It makes using USDT for everyday purchases much more feasible.
TON’s speed and scalability also make a huge difference. Users can send money fast, without worrying about delays or congestion. That’s especially important for things like cross-border payments. The decentralized nature of TON also adds an extra layer of security, which builds trust.
The combination of low costs and fast transactions means we can support micropayments too, which is great for developing markets. All in all, TON’s network aligns perfectly with our goal to expand cryptocurrency adoption and make it easy for everyone to use.
Q: Since launching the 1 USDT Store, how has it changed the way users engage with cryptocurrency for everyday shopping?
Tran Hung: The 1 USDT Store has been a game-changer. By setting everything at 1 USDT, we’ve simplified the whole process. Users don’t have to worry about converting crypto or dealing with fluctuating prices. They can just buy what they need without any extra hassle.
It’s also made it more practical for everyday use. Instead of holding onto their crypto or just trading it, users are actually spending it on real-world goods. This is helping to normalize cryptocurrency use, and I think that’s a big step forward. The store’s flat pricing also eliminates issues around cross-border shopping. No need to think about exchange rates or international fees — crypto just makes it easier.
We’re also seeing more merchants get on board, realizing the benefits of accepting USDT. As more businesses integrate crypto payments, it’s just going to keep growing.
Q: What potential do you see in the growing demand for decentralized commerce solutions like the 1 USDT Store?
Tran Hung: The potential is huge. Decentralized commerce solutions like the 1 USDT Store are really opening up financial access for people who are underserved by traditional banks. In many regions, people don’t have access to basic financial services, but crypto, and platforms like ours, can offer them secure, affordable alternatives.
Plus, decentralized platforms cut down on transaction costs. You don’t need intermediaries, so both consumers and merchants save money. Blockchain’s transparency is also a big draw — it helps reduce fraud and makes transactions more secure. That kind of trust is important for getting more people to adopt crypto.
We’re also seeing a lot of innovation in decentralized commerce — new business models, tokenized assets, smart contracts. It’s exciting because it’s pushing the boundaries of what’s possible. And the global accessibility means you can shop from anywhere in the world without worrying about traditional banking limitations. It’s empowering, and I think we’re only scratching the surface of what’s possible.
Conclusion
As cryptocurrency continues to reshape global commerce, UQUID is at the forefront of offering decentralized solutions that empower both individuals and businesses. The 1 USDT Store, backed by the efficient TON Network, showcases the possibilities of stablecoins for everyday transactions. With innovations in accessibility, cost-efficiency, and security, UQUID is not just part of the DeFi revolution — it’s driving it forward.
