On June 11, 2025, the Tron chain witnessed a significant moment as the USD1 stablecoin officially began minting on this chain. This news was announced by Tron founder Justin Sun, who called it “a big step forward for the stablecoin ecosystem”.
The USD1 stablecoin is issued by World Liberty Financial (WLFI), a company influenced by the Trump family of US presidents, and its co-founders include Eric Trump. USD1 is 100% guaranteed by US short-term Treasury bonds, US dollar deposits and other cash equivalents to ensure that each token can be stably pegged to 1 US dollar.
Tron Chain is renowned for its fast transaction speed and low transaction fees, providing a solid foundation for the issuance of stablecoins. The minting of USD1 on the Tron Chain this time is an endorsement of the infrastructure of the Tron Chain and also reflects the confidence of institutions in its ability to provide secure and scalable blockchain solutions.
According to statistics, after the minting of USD1 began, the network activity of the wave field chain increased significantly. As of 3 p.m. Coordinated Universal Time on June 11, the number of on-chain transactions increased by 25% to approximately 5.2 million. Meanwhile, the trading volume of related cryptocurrencies also rose significantly. As of 12:00 UTC, the total trading volume of TRX increased by 18%, reaching approximately 450 million US dollars, among which the TRX/USDT trading pair accounted for 320 million US dollars, demonstrating the supporting role of USD1 in the liquidity and market depth of the Tron Chain.
The launch of the USD1 stablecoin represents a significant development in the stablecoin market. It not only adds new vitality to the Tron Chain ecosystem, but also provides a new stable asset option for the digital finance field. However, USD1 is also facing market competition, while other stablecoins such as USDT and USDC have already occupied a certain market position. In addition, the connection between USD1 and the Trump family has also sparked some controversy. For instance, as the US Senate was advancing stablecoin legislation, some senators expressed concerns about potential conflicts of interest.
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