TRX Surges 2.16% as Tron Eyes US Public Listing and Stablecoin Activity Hits $78B

TRXUSDT experienced a 2.16% price increase over the past 24 hours, rising from a 24h open of $0.2728 to a current price of $0.2787 on Binance. The positive price movement is primarily attributed to significant recent developments, including Tron’s announced plans to go public in the US via a reverse merger with Nasdaq-listed SRM Entertainment, which has generated strong investor interest and optimism. Additional factors supporting the price include Tron's continued dominance in stablecoin transactions, with $78 billion in USDT circulating on the Tron network, and the recent introduction of the USD1 stablecoin fully backed by US government treasuries and US dollar deposits. Despite Tether freezing over 12 million USDT on Tron for regulatory compliance, overall sentiment remains bullish, supported by robust trading volume and a strong annual price gain. TRX is currently ranked #8 by market capitalization, with a 24-hour trading volume of approximately $1.15 billion, reflecting continued growth and active trading interest.