The launch of the stablecoin USD1 on the TRON blockchain
“TRON DAO” announced the launch of the stablecoin USD1 on the TRON network, a move that strengthens the network's position within the decentralized finance ecosystem.
USD1, developed by World Liberty Financial (WLFI), is a stablecoin fully backed by short-term US Treasury bonds and cash deposits in US dollars or their equivalents.
This development follows a previous announcement during the “Token2049” conference in Dubai, where “Eric Trump,” co-founder of “WLFI” and Vice President of the “Trump” organization, confirmed that USD1 would be the stablecoin
approved for settling a $2 billion investment deal from “MGX” via the Binance platform, noting its full integration into the “TRON” ecosystem.
The minting process began on the morning of June 11, and “Justin Sun,” founder of Tron, confirmed the event in a post on the X platform, describing it as a significant leap in the field of stablecoins.
He added that the partnership with WLFI contributes to supporting a regulatory environment that encourages innovation and enhances the development of the digital assets sector
