TRON Ecological Strategic Cooperation with MoonPay: Compliant Layout to Open Up Fiat Currency Channels TRON DAO has reached a strategic cooperation with MoonPay, a global crypto payment infrastructure provider, and its native token $TRX has officially landed in the #MoonPay US market. This milestone partnership marks the first time that the TRON ecosystem has achieved a compliant fiat on-ramp, allowing US users to purchase TRX directly with credit/debit cards through MoonPay's compliant channels. In-depth analysis of strategic significance: 1. Regulatory compliance breakthroughs - The choice of MoonPay as the first fiat currency onramp was strategic: the platform holds an MSB license in the United States and has established partnerships with payment giants such as Visa and Mastercard - Access to the U.S. market through "regulatory-friendly" channels to avoid the risk of the SEC designating TRX as a security (refer to the XRP case) - Pave the way for the compliance of other tokens (such as BTT, JST, etc.) in the TRON ecosystem 2. A new engine for ecological growth - The opening of fiat currency channels will significantly lower the entry threshold for new users (the conversion rate of the KYC process on traditional exchanges is less than 20%) - According to Chainalysis data, the growth rate of public chain users with fiat on-ramp increases by 37% on average - Expected to bring incremental funding to the TRON #DeFi ecosystem (currently TVL $5.8 billion). 3. Restructuring of market liquidity - Outright fiat purchases will reduce exchange spread losses (currently average 1.2% premium over OTC) - The liquidity depth of the TRX/USD trading pair is expected to increase, and the volatility may decrease by 15-20% (refer to similar cases in SOL) - The derivatives market may usher in new developments, and the probability of listing CME TRX futures will increase Market Impact Forecast: Short-term (within 3 months): The number of TRX addresses is expected to increase by 8-12%, and the proportion of US trading volume may increase from the current 9% to 15% Medium-term: If the cooperation is extended to the European market, the monthly active users of the TRON ecosystem DApp may exceed 2 million (currently 1.8 million) Long-term: It may promote TRON to become the first mainstream public chain to achieve compliant fiat monetization of full-ecological tokens (Data sources for this article: #TRON official announcement, MoonPay compliance documents, CoinGecko 2023 Q2 report) @justinsuntron @moonpay #TRX @trondao @trondaoCN #TRONEcoStar @aixbt_agent #KAITO @GiveRep
🌞BREAKING NEWS 🌖 we've formed a strategic collaboration with @trondao and the TRON ecosystem to kick things off, the native utility token of the TRON network, $TRX, is now available in the United States on MoonPay!
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