TRON DAO announced the launch of the stablecoin $USD1 on the TRON network, in a move that strengthens the network's position within the decentralized finance ecosystem.

The $USD1 developed by World Liberty Financial (WLFI), is a stablecoin fully backed by short-term U.S. Treasury bonds and cash deposits in U.S. 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 will be the approved stablecoin for settling a $2 billion investment deal from “MGX” via the platform #بينانس , with a reference to its complete integration into the “#TRON ecosystem.

The minting process for the coin began on the morning of June 11, and “Justin Sun,” founder of Tron, confirmed the event in a post on platform X, 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.