TRON has officially kicked off the minting of USD1, a dollar-pegged stablecoin from World Liberty Financial (WLFI), marking a pivotal step in expanding its stablecoin ecosystem. The minting began on June 11, just weeks after TRON founder Justin Sun unveiled the partnership at Token2049 in Dubai, signaling the network’s alignment with WLFI and the Trump-backed crypto initiative.
USD1 Launches on TRON Blockchain
In a post on X (formerly Twitter), Justin Sun hailed the development as a “giant leap for stablecoins,” as the USD1 token backed by short-term U.S. treasuries, dollar deposits, and cash equivalents was minted on the TRON network. The stablecoin, designed for secure and efficient settlement, is also playing a role in facilitating MGX’s $2 billion investment in Binance, further underlining its relevance in high-stakes crypto finance.
USD1 is now live across three major blockchains: TRON, Binance Smart Chain (BNB), and Ethereum (ETH), giving it broad reach and interoperability across the Web3 space.
TRON Governance Update: Proposal No. 102 Approved
The launch of USD1 wasn’t the only major update in the TRON ecosystem. On the same day, TRON DAO finalized Proposal No. 102, a key governance initiative aimed at making TRX more deflationary. The proposal passed with 25 out of 27 votes in favor, demonstrating strong community consensus.
Here’s what the proposal changes:
- Block rewards reduced by 50%, from 16 TRX to 8 TRX
- Voting rewards reduced by 20%, from 160 TRX to 128 TRX
This change increases TRX’s annual deflation rate from 0.85% to 1.29%, tightening token emissions in an effort to potentially bolster price stability and appreciation through supply reduction.
TRX Price and Market Outlook
As of June 13, TRX is trading at approximately $0.27, maintaining a steady upward trend that began in mid-March. The combination of bullish momentum, governance-driven tokenomics, and strategic stablecoin integrations is seen as a positive signal by many investors and analysts.
With both the minting of USD1 and the deflation-focused governance reforms, TRON is positioning itself at the intersection of stablecoin innovation and sound token economics, expanding its utility while aiming to increase the long-term value of TRX.
TRON’s dual move introducing USD1 and passing Proposal 102 signals a maturing blockchain ecosystem focused on scalable finance and responsible economic design. As stablecoins become increasingly central to Web3 payments and DeFi infrastructure, TRON’s proactive integration of USD1 and its deflationary shift in TRX issuance mark it as a serious contender in the next wave of crypto evolution.
