In the grand theater of cryptocurrency, where fortunes are made and lost faster than one can say “blockchain,” the illustrious TRON has embarked on a new venture. It has commenced the minting of World Liberty Financial’s USD1 stablecoin, a momentous occasion that coincides with a governance update that could make even the most stoic of investors raise an eyebrow.
Ah, the TRON (TRX) DAO, in its infinite wisdom, has proclaimed the birth of the USD1 stablecoin on its blockchain. This announcement, made with all the fanfare of a royal decree on the Token2049 stage back on May 1, saw the ever-charismatic TRON founder, Justin Sun, unveil a collaboration with the Trump-backed crypto. Yes, you heard that right—Trump and crypto, a match made in financial heaven! 😅
The minting festivities began on June 11, heralded by an exuberant post from our dear Justin Sun, who declared it a “giant leap for stablecoins.” One can only imagine the confetti raining down in the TRON headquarters as they celebrated this monumental occasion.
Now, let us not forget the substance behind this spectacle. Backed by short-term U.S. government treasuries, dollar deposits, and other cash equivalents, the USD1 was unveiled at Token2049 in the dazzling city of Dubai. It is positioned as a pivotal player in settling MGX’s $2 billion investment in Binance. With this latest integration, USD1 is now strutting its stuff across three networks: TRON, Binance Smart Chain (BNB), and Ethereum (ETH). Talk about a digital world tour! 🌍
But wait, there’s more! The minting of USD1 coincides with a significant development within the TRON ecosystem. Today, TRON has finalized Proposal No. 102, which, in a move that could only be described as a financial diet, slashes block rewards by 50% and voting rewards by 20%. The proposal passed with the enthusiasm of a crowd at a rock concert, with 25 out of 27 votes in favor. Who knew governance could be so thrilling?
As a result of this bold decision, block rewards will plummet from 16 TRX to a mere 8 TRX, and voting rewards will drop from 160 TRX to 128 TRX. This aims to increase TRX’s annual deflation rate from 0.85% to 1.29%. One can only hope that this will put upward pressure on TRX’s price over time, like a well-placed foot on the gas pedal of a speeding car.
As of June 13, TRX is trading near $0.27, steadily following an ascending channel that has been driving its price momentum since mid-March. It seems the TRON ship is sailing smoothly, at least for now. But in the world of cryptocurrency, one must always be prepared for the unexpected! ⚓️
Read More
2025-06-13 14:32