TRON DAO Launches USD1 Stablecoin: A New Era Begins with Trump Influence
TRON DAO announced that it has launched the first issuance of the new stable crypto asset USD1. This new stablecoin was developed by World Liberty Financial (WLFI). WLFI stands out as an innovative governance protocol operating in the decentralized finance (DeFi) space, inspired by Donald J. Trump’s vision.
USD1: Stands Out with a Secure and Transparent Support Structure
USD1 is backed by 100% short-term U.S. Treasury bonds, dollar deposits, and cash-like assets. This structure aims to provide investors with high transparency and security. The launch of USD1 on the TRON network for the first time is noteworthy as part of the strategic plan announced by Eric Trump at the Token2049 event held in Dubai last month.
Trump, a co-founder of WLFI, announced that USD1 will be used in the planned $2 billion investments for MGX on Binance, emphasizing that the stablecoin will be integrated into the TRON network.
Justin Sun: “A Major Step Towards Financial Freedom”
TRON founder Justin Sun announced the development on the social media platform X as follows:
“A small step for stablecoins, a giant leap for financial freedom.”
Sun also made the following assessment:
“From generating new ideas to challenging our understanding of money and freedom, we continue to shape the future of the crypto industry. It’s exciting to be in partnership with WLFI and to see the Trump administration's support for innovation.”
Why is the TRON Network Leading in Stablecoin Development?
Following this development, the price of TRX rose by 1.51% to $0.29, and trading volume grew by 19%. TRON currently holds a leading position in the USDT stablecoin market. According to ChainCatcher data, there are 78.7 billion USDT in circulation on TRON, accounting for about half of the entire stablecoin market.
Additionally, according to DeFiLlama data, the total value locked (TVL) on TRON has surpassed $5 billion. As of June 6, there were 4.5 million active wallet addresses on the network. However, it remains uncertain whether these users will stay on TRON or turn to other chains.
Market Data: Are Bullish Signals Present?
Open positions in the TRX derivatives market increased by 8.25% in the last 24 hours, reaching $329 million. The weighted funding rate rose to 0.0098%, indicating a prevailing bullish trend. The significant liquidation of short positions and twice the protection of long positions supports the expectation of the market moving upwards.
Conclusion: USD1 is Reshaping the Stablecoin Competition with TRON
The launch of USD1 on the TRON network not only reinforces the network's technical capacity but also institutional trust. The Trump-connected WLFI collaboration is set to increase TRON's influence in the stablecoin market while establishing a new balance in competition. Developments continue to be closely monitored from the perspective of both DeFi users and institutional investors.
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