TRON DAO has just announced that PayPal USD (PYUSD) will be available on the TRON network through StargateFinance Hydra as an unpermissioned token, referred to as PYUSD0. It uses the Omnichain Functional Token Standard (OFT) LayerZero. This news has the potential to further increase the adoption and utility of TRON.
In recent months, TRON has demonstrated strength with:
- *High USDT Circulation*: TRON has surpassed $70 billion in Tether (USDT) circulation, reinforcing its position as a leading network for stablecoin settlement.
- *Large Transaction Volume*: TRON handles $19 billion in daily USDT transfers, showcasing its institutional-grade scalability.
- *Significant Total Value Locked (TVL)*: TRON has a TVL of $20 billion, strengthening its role in decentralized finance (DeFi).
With the integration of PYUSD, TRON has the potential to enhance the utility of the TRX token and solidify its position in the cryptocurrency market. If you are interested in this development, stay tuned for the latest updates on TRON and the cryptocurrency market.¹
