Market Cap: $3.4163T -1.550%
Volume(24h): $133.3849B -8.180%
  • Market Cap: $3.4163T -1.550%
  • Volume(24h): $133.3849B -8.180%
  • Fear & Greed Index:
  • Market Cap: $3.4163T -1.550%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$108452.054690 USD

-1.13%

ethereum
ethereum

$2760.321956 USD

-0.75%

tether
tether

$1.000038 USD

0.00%

xrp
xrp

$2.249970 USD

-1.61%

bnb
bnb

$667.438855 USD

-0.21%

solana
solana

$160.026292 USD

-2.50%

usd-coin
usd-coin

$0.999802 USD

0.00%

dogecoin
dogecoin

$0.192224 USD

-1.67%

tron
tron

$0.276432 USD

-4.81%

cardano
cardano

$0.694606 USD

-2.41%

hyperliquid
hyperliquid

$41.404755 USD

0.55%

sui
sui

$3.352021 USD

-2.91%

chainlink
chainlink

$14.757478 USD

-2.66%

avalanche
avalanche

$21.452376 USD

-3.00%

stellar
stellar

$0.277006 USD

-0.77%

Cryptocurrency News Articles

“A small step for USD1, a giant leap for stablecoins!” read the tweet posted by Sun just minutes after the minting

Jun 11, 2025 at 04:28 pm

“A small step for USD1, a giant leap for stablecoins!” read the tweet posted by Sun just minutes after the minting. Accompanied by a link to the minting transaction

“A small step for USD1, a giant leap for stablecoins!” read the tweet posted by Sun just minutes after the minting

"Small step for USD1, giant leap for stablecoins!" reads a tweet by Justin Sun just minutes ago. Accompanied by a link to the minting transaction on TRONSCAN, the message signals the birth of a new decentralized dollar directly issued on the TRON chain.

USD1 is being introduced as a TRON-native stablecoin—a cryptocurrency pegged 1:1 to the US dollar, aiming to provide users with fast, low-cost transactions while minimizing volatility. Unlike earlier iterations of algorithmic stablecoins, which often failed due to flawed backing systems, USD1 appears to lean toward a collateral-based model, though this has yet to be confirmed in technical documentation.

Stablecoins are essential infrastructure within the blockchain ecosystem, facilitating everything from trading and payments to DeFi protocols and remittances. With the introduction of USD1, TRON is likely seeking to strengthen its footprint in this sector by offering a homegrown, seamlessly integrated option.

TRON already plays a significant role in the stablecoin economy. It hosts billions of dollars worth of Tether (USDT) on its network, largely due to its low fees and high throughput. The minting of USD1 adds a new layer to this narrative—possibly reducing reliance on third-party issuers and enhancing on-chain stability.

Given Justin Sun’s prior efforts to innovate around crypto-backed financial products—including ventures in decentralized finance, tokenized assets, and cross-chain interoperability—the launch of a proprietary stablecoin feels like a natural progression. It may also reflect broader ambitions: controlling monetary primitives within a self-contained blockchain economy.

However, despite the milestone, regulatory questions linger. The stablecoin space is under increasing scrutiny from U.S. and global authorities. For USD1 to gain broad adoption, transparency around its reserve backing, issuance policies, and legal compliance will be critical.

There’s also the question of interoperability. Will USD1 remain exclusive to TRON, or will it expand to Ethereum, BNB Chain, and other networks? Cross-chain liquidity could be key to its success.

The first mint of USD1 on TRON is less about the number and more about the signal it sends: TRON is building toward a future where core financial instruments live natively on its blockchain. While USD1’s practical utility is yet to be tested, the strategic move reflects both confidence in TRON’s infrastructure and a deepening focus on financial sovereignty within blockchain ecosystems.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Jun 13, 2025