TRON（TRX）文件將其ERC20令牌列為美國證券交易委員會（SEC）的ETF

在一個通常由波動和有遠見的行業定義的行業中，賈斯汀·孫再次發現自己是關注的中心。

In the dynamic landscape of cryptocurrency, where projects rise and fall with the tides of a volatile market, few figures have commanded attention like Justin Sun, the founder of TRON. While some projects have capitalized on meme coin hype or achieved rapid wealth through regulatory arbitrage, and numerous projects have evaded SEC oversight via ‘indirect listings,’ Sun has steadfastly upheld the principles of ‘inheritance, perseverance, and building’ for over a decade, firmly believing that ‘market longevity depends on regulatory compliance and industry faith.’

在加密貨幣的動態景觀中，項目隨著動蕩的市場的潮流而下降，很少有數字像Tron的創始人賈斯汀·孫一樣引起人們的注意。儘管某些項目已通過監管套利來利用模因硬幣炒作或實現了快速的財富，並且許多項目通過“間接列表”逃避了SEC的監督，但Sun堅定地堅持了“繼承，毅力和建立”的原則，憑藉了十多年來，堅信該市場的壽命依賴於監管機構的依賴性和行業信仰。

This conviction has cemented TRON’s leading position as the ‘on-chain dollar’ authority—its network’s USDT issuance now commands over 30% of the stablecoin market share, a testament to the network’s integration within the broader crypto ecosystem.

這一信念鞏固了特隆作為“鏈美元”權威的領先地位 - 它的網絡的USDT發行現在指揮了Stablecoin市場份額的30％以上，這證明了該網絡在更廣泛的加密生態系統中的集成。

But TRON is only one part of a much larger playbook.

但是Tron只是一本更大的劇本的一部分。

Behind the scenes, Sun has been assembling a triad of infrastructure, liquidity, and stability — all rooted in a commitment to compliance: TRON , the HTX exchange, and the USDD stablecoin — a three-pronged strategy designed to create a self-sustaining Web3 ecosystem.

在幕後，Sun一直在組裝基礎架構，流動性和穩定性的三合會 - 所有這些都植根於對合規性的承諾：TRON，HTX Exchange和USDD StableCoin，這是一種三方面的策略，旨在創建自我維持的Web3 EcoSystem。

HTX Exchange: The Engine Driving Ecosystem Growth

HTX交換：發動機驅動生態系統增長

TRON may be the foundational layer, but HTX is the gateway.

Tron可能是基礎層，但HTX是網關。

As the primary user onboarding platform in Sun’s ecosystem, HTX serves as both traffic hub and liquidity driver. And despite Q1 2025 being a down period for the market, HTX defied gravity.

作為Sun生態系統中的主要用戶登機平台，HTX既是交通中心和流動性驅動程序。儘管第1季度2025年是市場的縮短時期，但HTX還是違反了重力。

According to CoinGecko’s Q1 2025 Crypto Industry Report, HTX was the only top-10 exchange to register spot trading growth. While the total crypto market cap fell 18.6%, HTX saw a 11.4% quarter-over-quarter increase in spot volume — outperforming peers who faced declines ranging from 1.8% to 34.0%.

根據Coingecko的第1季度2025 Crypto行業報告，HTX是唯一註冊現貨交易增長的前十名交易所。儘管加密貨幣市值下降了18.6％，但HTX的現貨量增加了11.4％的四分之一季度 - 表現優於面臨的同行，他們面臨的範圍從1.8％到34.0％。

Beyond trading, HTX’s product suite — derivatives, earn, staking — has seen rapid enhancements. By optimizing fees, expanding yield options, and diversifying offerings, the platform has significantly improved user retention.

除了交易之外，HTX的產品套件（衍生品，賺錢，積分）已經快速增強。通過優化費用，擴大收益率選擇和多樣化的產品，該平台可顯著改善用戶的保留率。

Security and compliance are also front and center. Recent collaborations with Fireblocks and other institutional-grade infrastructure providers further reinforce HTX’s commitment to safe, compliant trading.

安全性和合規性也是前面和中心。最近與Fireblocks和其他機構基礎設施提供商的合作進一步加強了HTX對安全，合規性交易的承諾。

Perhaps most impressively, HTX has become the launchpad for Sunpump, TRON’s Meme ecosystem. Through tightly integrated token launches, staking rewards, and airdrops, HTX now enables a full go-to-market funnel for emerging Web3 projects, converting curiosity into actual user participation.

也許最令人印象深刻的是，HTX已成為Tron Meme生態系統Sunpump的發射台。通過緊密集成的令牌啟動，積分獎勵和Airdrops，HTX現在可以為新興的Web3項目提供完整的上市漏斗，從而將好奇心轉換為實際用戶參與。

This kind of resilience in a bear market isn’t just about business — it’s about ecosystem durability.

在熊市中，這種韌性不僅僅是關於生態系統耐用性。

USDD: The Decentralized Dollar with Global Ambitions

USDD：具有全球野心的分散美元

No ecosystem is complete without a stablecoin, and Sun has made his move here as well.

沒有穩定的人，沒有任何生態系統是完整的，太陽也在這裡搬到這裡。

USDD is a decentralized stablecoin project on the TRON blockchain. Officially launched on May 5, 2022, it was upgraded to USDD 2.0 on January 25th this year. USDD 2.0 relies on over-collateralization, liquidation auctions, risk management modules, PSM (Peg Stability Module), and decentralized governance to maintain a 1:1 USD peg. Furthermore, USDD possesses stability and multiple security measures.

USDD是TRON區塊鏈上的一個分散的Stablecoin項目。該公司於2022年5月5日正式啟動，於今年1月25日昇級為USDD 2.0。 USDD 2.0依賴於過度的物質化，清算拍賣，風險管理模塊，PSM（PEG穩定模塊）和分散的治理來維持1：1 USD PEG。此外，USDD具有穩定性和多種安全措施。

As of April 21, USDD 2.0 has surpassed 350 million in circulation, reflecting growing global adoption. This widespread user adoption indicates USDD’s steadily growing prominence within the DeFi community.

截至4月21日，USDD 2.0的流通量超過了3.5億，反映了全球採用的日益增長。這種廣泛的用戶採用表明USDD在Defi社區中的穩步增長。

USDD is more than just a token; it’s Sun’s answer to financial sovereignty — a decentralized alternative to traditional payments and cross-border asset fl ows.

USDD不僅僅是一個令牌；這是對財務主權的答案，這是傳統付款和跨境資產的分散替代方案。

Breaking the Web3 Trilemma?

打破Web3三元素？

Justin Sun has long been called the “engine of contrarian growth.” Ever since gracing the cover of Forbes, he’s positioned himself as someone seeking to solve the impossible trinity of crypto: regulatory compliance, technical decentralization, and mass adoption.

賈斯汀·孫（Justin Sun）長期以來一直被稱為“逆勢增長引擎”。自從掩蓋福布斯的掩護以來，他就將自己定位為尋求解決不可能的加密三位一體的人：監管合規，技術權力下放和大規模收養。

With the TRX ETF filing, HTX’s strength in crypto-native liquidity, and USDD anchoring real-world utility, he may finally be close.

隨著TRX ETF提交，HTX在加密本地流動性方面的實力以及USDD錨定現實世界實用程序，他最終可能會很接近。

The TRX ETF filing isn’t just paperwork. It’s a signal that TRON, and by extension Sun’s broader empire, is ready to bridge Web3 with Wall Street.

TRX ETF申請不僅僅是文書工作。這是特隆（Tron）和擴展太陽（Sun）更廣泛的帝國的信號，準備與華爾街（Wall Street）橋接Web3。

If this bet pays off, Sun’s oft-repeated vision — “Achieve financial freedom for 8 billion people on Earth,” — may evolve from slogan to strategy, and eventually, to reality.

如果這是有回報的，那麼Sun經常重複的願景“實現地球上80億人的財務自由”，可能會從口號到戰略，最終發展到現實。