TRON (TRX) Price Prediction: USD1 Stablecoin Launch Puts the Spotlight on the Network's Speed and Low Fees

This week TRON is making serious waves and not just because of price action. First, World Liberty Financial chose TRON to launch its USD1 stablecoin

World Liberty Financial (WLFI) has launched its USD1 stablecoin on the TRON network. The stablecoin, known for its speed and low fees, is quickly gaining traction. It is available for trading on major cryptocurrency exchanges.

It's finally here! 🎉

USD1 is now live and available on major cryptocurrency exchanges for trading.

Get your hands on the future of finance today! 🪙

Announce on X: https://x.net/WorldLibertyFin/status/1704843878000819072?s=20

— World Liberty Financial (WLFI) (@WorldLibertyFin) September 28, 2023

The decision to launch on TRON highlights the blockchain's unique strengths. Despite the vast options available, WLFI ultimately selected TRON for its high throughput and established global footprint.

TRON offers the kind of scale that WLFI likely needs to push USD1 into wider circulation. The stablecoin's speed and efficiency are critical in today's fast-paced digital economy.

This development comes amidst a broader narrative of TRON pivoting toward a more Web3-focused initiative. The blockchain has seen significant growth in recent times, largely fueled by stablecoins.

According to Chad3Web3, TRON now handles more Layer 1 (L1) fee volume annually than Ethereum, Bitcoin, and Solana combined. It is currently processing around $3 billion in L1 fees.

TRON now leads all Layer 1s in fee volume, processing over $3B annually, driven largely by stablecoins.

For reference, BTC, ETH, SOL, and ADA together roughly equal $2B annually. Amazing growth story unfolding on TRON. pic.twitter.com/6310Q88u7I

— Chad3Web3 (@Chad3Web3) September 20, 2023

This staggering statistic showcases the vast activity and utilization of the TRON network, positioning it as a dominant force in the blockchain ecosystem.

Moreover, TRON is also facing a new voting proposal that could halve the TRX token supply. It would reduce block rewards and decrease the overall token supply.

This move is aimed at increasing the scarcity of TRX and potentially putting upward pressure on the price due to a supply shock.

With the halving proposal gaining traction and TRX price hovering near key resistance at $0.30, TRON could be on the edge of a major breakout.

If momentum holds, a run towards $0.45 may not be far off.