On June 12th, it was reported that Eric Trump, the second son of Trump, on the X platform, citing the information released by Justin Sun, the founder of TRON, officially announced that the first USD1 had been minted on TRON. Meanwhile, Eric Trump also posted an article expressing gratitude to the TRON ecosystem for its support of the USD1 stablecoin.
USD1, as a stablecoin pegged to the US dollar, has attracted much attention since its planned launch. It is reported that USD1 is 100% backed by US government short-term Treasury bonds, US dollar deposits and other cash equivalents, aiming to maintain a 1:1 value exchange rate with the US dollar. Initially, the USD1 token was planned to be minted on the Ethereum (ETH) and Binance Smart Chain (BSC) blockchains, and it was planned to expand to more protocols in the future.
Previously, Eric Trump has expressed his optimism about the cryptocurrency field many times. He believes that cryptocurrencies are an important direction for the future development of finance. After his father Trump took office, the US government will become the most friendly to cryptocurrencies. The successful minting of the first USD1 by TRON this time may trigger a new wave of attention in the cryptocurrency market, and its subsequent development is worth continuous tracking.
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