USD1 is going to go on TRON: WLFI stablecoin joins the TRON ecosystem
Just after the Dubai Token 2049, WLFI's stablecoin USD1 announced that it will be deployed to the TRON network. The Trump family-backed project has a market capitalization of more than $2.1 billion, making it the world's seventh-largest stablecoin. This landing on TRON is not only an on-chain migration, but also a strong alliance.
Who is USD1? How hard is it behind it?
USD1 is a USD stablecoin launched by WLFI, fully backed by USD cash, short-term Treasury bonds, and a commitment to maintain a 1:1 peg to the US dollar. The point is that behind the WLFI stands the Trump family, who own the majority of the shares and control the revenue from the project. In other words, these are the few stablecoin projects that are most deeply tied to U.S. political capital.
Will TRON's stablecoin pattern be rewritten?
Currently, there are more than 70 billion USDT in circulation on the TRON network, accounting for half of the global supply. And this time USD1 joined, seemingly joining the competition, but in fact it was filling in. Because for DeFi users, more diverse, low-fee stablecoin options are a real benefit.
TRON has a speed advantage, and now it has a new dollar upstart, and the stablecoin lineup has been further expanded.
TRON's ambition: to be the bottom of global payments
TRON's stablecoin trading volume has dominated the list all year round and has become one of the default channels for cross-border payments. If USD1 can be successfully integrated into the TRON ecosystem, with WLFI's network resources in the financial and political circles, TRON's position in the field of compliant payment will only be heavier in the future!
@justinsuntron @trondaoCN
#TRONEcoStar
Show original


7.47K
42
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.