TRX Token Surges on USD1 Stablecoin Launch, Privy Partnership, and $1B USDT Mint Before Pullback

TRXUSDT experienced heightened volatility in the past 24 hours, primarily driven by the launch of the World Liberty Financial USD1 stablecoin on the TRON network and the announcement of a major partnership with Privy, both of which initially spurred significant price rallies and increased trading activity. Tether’s recent $1 billion USDT mint on TRON further boosted liquidity and market sentiment, while positive funding rates and rising open interest in TRX futures reflected strong derivatives market participation. However, after reaching a 24-hour high near $0.2980, TRX saw a pullback as traders responded to founder Justin Sun’s caution regarding rapid price movements, resulting in a 5.15% decline from the 24-hour open and a current Binance price of $0.2761. TRX remains ranked #9 by market capitalization with a 24-hour trading volume of approximately $974 million, and continues to show robust ecosystem growth, though short-term price action may remain volatile following recent news-driven surges.