TRON DAO Has Partnered with MoonPay to Make It Easier for US Customers to Purchase TRX

This new partnership is a major step forward in TRON's objective to make blockchain technology more accessible and widely used

TRON DAO has teamed up with crypto payment provider MoonPay to make it easier for U.S. customers to buy TRX, the TRON blockchain’s native token. This partnership is a significant step in TRON’s broader goal of making blockchain technology more accessible and widely used in global financial systems.

Beginning now, U.S. users can purchase TRX directly on the MoonPay platform, which acts as a simple gateway between traditional money and cryptocurrencies. This gives American users easy access to TRON’s rapidly growing decentralized ecosystem, which processes over 8.3 million transactions daily.

TRX is already listed on over 130 exchanges and boasts a market capitalization of over $23 billion, placing it among the top cryptocurrencies worldwide.

Ivan Soto-Wright, CEO of MoonPay, expressed enthusiasm for the collaboration, highlighting TRON’s excellent performance in decentralized finance (DeFi), stablecoins, and powering innovative blockchain applications. He noted that this is the beginning of a broader relationship between MoonPay and TRON.

Sam Elfarra, a spokesperson for TRON DAO, also welcomed the integration, calling it a big win for TRON’s expansion in the U.S. market.

Having a reliable and instant payment platform like MoonPay onboard supports TRON’s goal to become a major global payment network, Elfarra added.

TRON has also been in the news for maintaining the second-largest supply of USDT, one of the most widely used dollar-backed stablecoins. TRON’s total USDT holdings just hit an all-time high of $71.9 billion, showcasing the platform’s strength in blockchain-based payments, particularly in emerging economies and cross-border payments.

Despite a broader crypto market downturn, the TRX price has shown some resilience. From a December 2024 high of $0.4407, the token has held fairly steadily and now trades at the $0.24 level.

After the announcement, TRX price rebounded from an intraday low of $0.2437 to $0.2480 by 04:15 ET (08:15 GMT) on Wednesday, May 7.