Tron (TRX), the blockchain platform created by Justin Sun, has long established itself as one of the leaders in the cryptocurrency space, particularly in the stablecoin segment. With its speed, low fees, and significant market share of Tether (USDT), Tron has every chance not only to replace existing stablecoins but also to become the foundation for a stable digital currency. Recent news, particularly related to Sun's attack on FDUSD, only emphasizes Tron's ambitions in this direction. In this article, we will explore the key reasons why Tron may achieve this goal.
Tron as a foundation for stablecoins: current state
Tron is already a dominant platform for stablecoins. As of early 2025, about half of the total volume of USDT (the most popular stablecoin in the world) operates on Tron. This has been made possible by the technical advantages of the network: capacity of up to 2000 transactions per second, minimal fees (often below $0.01), and stable infrastructure. In 2024, the volume of transactions with stablecoins on Tron increased by 27%, and daily network activity reached millions of operations. Such indicators make Tron attractive for both individual users and large financial players.
However, Tron is not limited to the role of a 'carrier' for other stablecoins. Justin Sun is actively promoting his own project — USDD (Decentralized USD), which has already gained momentum, reaching $170 million in staking. This indicates that Tron is ready not only to support stablecoins but also to create its own competitive alternatives.
Attack on FDUSD: strategic move or provocation?
The recent scandal involving FDUSD (First Digital USD) became one of the loudest examples of Tron's aggressive strategy in the stablecoin market. On April 2, 2025, Justin Sun posted on social media platform X, questioning the solvency of First Digital Trust — the issuer of FDUSD. He stated that the stablecoin does not have sufficient backing, which led to an immediate market reaction: FDUSD temporarily lost its peg to the dollar, dropping by 5-9%, and its market capitalization shrank by $130 million within hours.
First Digital quickly responded, assuring that their stablecoin is fully backed by US Treasury bonds, and labeled Sun's accusations as 'defamation' and an attempt to undermine the reputation of a competitor. Regardless of the truth of Sun's claims, this incident can be seen as an 'SEO attack' — a deliberate spread of negative information to weaken FDUSD's positions and promote Tron's own projects, including USDD.
This approach is not new for Sun, who is known for his provocative behavior and marketing tricks. This attack may be part of a broader strategy aimed at pushing out competitors and strengthening Tron’s position as a major player in the stablecoin market.
Why Tron can replace stablecoins or become a stablecoin?
Technical advantage: Tron offers one of the fastest and most accessible networks in the crypto space. Recent plans by Sun for implementing 'gasless' transactions for stablecoins (removing the need for TRX to pay fees) could make the platform even more attractive for mass adoption.
USDD as an alternative: Unlike centralized stablecoins like USDT or FDUSD, USDD is positioned as a decentralized asset with algorithmic backing. This may attract users looking to avoid risks associated with centralized issuers, such as recent doubts regarding Tether.
Justin Sun's ambitions: Sun has repeatedly stated that his goal is to make Tron the foundation for the mass adoption of blockchain technologies. In his interviews in 2025, he hinted at the integration of new stablecoins like RLUSD (a potential Ripple project) into the Tron network, which could further strengthen its position.
Economic benefit: Low transaction costs of Tron are already attracting DeFi projects, exchanges, and payment systems. If Tron can offer its own stablecoin with similar advantages, it could displace less efficient alternatives.
Tron has every chance to become not just a platform for stablecoins but also a self-sufficient player in this segment. Technical advantages, Justin Sun's aggressive strategy, and the development of its own projects, such as USDD, create a solid foundation for this. The attack on FDUSD only highlights Tron's readiness to fight for leadership, using both technological and marketing tools. If Sun continues to pursue his ambitions, Tron may not only replace existing stablecoins but also redefine the very concept of stable digital currency in the future.
