Geneva, June 12, 2025 - TRON DAO announced the first minting of the USD1 stablecoin on the TRON blockchain. (Source: Text 1)
USD1, developed by World Liberty Financial, is fully backed by US government treasuries and cash equivalents. The minting, which began on June 11, confirms a prior announcement by Eric Trump regarding a $2 billion investment settlement on Binance. (Source: Text 1)
Justin Sun, TRON founder, described this as a major step for stablecoins. The integration of USD1 aims to strengthen the TRON ecosystem and promote economic growth. (Source: Text 1)
TRON hosts the largest circulating supply of USD Tether (USDT), exceeding $78 billion. As of May 2025, TRON has over 312 million user accounts and more than $22 billion in total value locked. (Source: Text 1)