USD1, the First USD-Pegged Stablecoin Expands to TRON Network Following Successful Launches on Ethereum and BNB Chain

This announcement was made by the founder of TRON blockchain, Justin Sun today, June 11, 2025, on social media platform X (formerly known as Twitter).

The first USD1 stablecoin has now been minted on the TRON blockchain, according to an announcement by the founder of TRON blockchain, Justin Sun on June 11.

What is USD1?

USD1 is a fully-dialled stablecoin that is pegged to the U.S. dollar at a 1:1 ratio. It’s reconverted stablecoin’s reserves are held in short-term, U.S. government treasuries, dollar deposits and cash equivalents, which are custodier by BitGo.

It was launched by WLFI in March, USD1 was designed to offer institutional-grade transparency, monthly audits, and seamless interoperability across multiple blockchains, starting with Ethereum and BNB Chain, and now expanding to TRON. This multi-chain approach, enabled by Chainlink’s Cross-Chain Interoperability Protocol, aims to maximise accessibility and utility for both institutional and retail users.

Impact on WLFI and the Stablecoin Market

The integration of USD1 with TRON is expected to significantly broaden its reach, leveraging TRON’s global user base and robust DeFi ecosystem. As Eric Trump stated, “a small step for USD1, a giant leap for stablecoins,” the ambition is to make USD1 accessible to billions worldwide.

The expansion on TRON network has come at a time when USD1’s market cap has already surpassed $2 billion and the trading volume has surpassed $800 million. Eric Trump shared this data and tweeted “We are just getting started.”

This adoption is also driven by major institutional deals such as MGX’s $2 billion investment in Binance.

For WLFI, the launch of USD1 on TRON will make it a formidable competitor to established stablecoins like USDT and USDC, while also enhancing the value proposition for WLFI token holders.

WLFI has also announced airdrops of USD1 to the community members. In this way, the company is testing on-chain distribution models and engaging with crypto enthusiasts. The project’s focus on compliance, security, and cross-chain mobility positions USD1 as a key player in the evolving stablecoin landscape, with potential to both DeFi and traditional finance.

Industry Reactions and Future Outlook

Leaders in the industry, such as Zach Witkoff and Justin Sun, have praised the move as revolutionary, highlighting the partnership’s capacity to produce a digital dollar that is safe, transparent, and widely accessible.

The adoption of compliant, institutionally backed stablecoins throughout the cryptocurrency ecosystem is expected to increase as USD1 continues to expand its footprint.