At the recent TOKEN 2049 Dubai, TRON founder Justin Sun had a fireside conversation with Eric Trump and WLFI co-founder Zach Witkoff. Zach Witkoff said in the conversation that the USD 1 stablecoin issued by WLFI will be natively issued on the TRON chain.
USD 1 is a US dollar stablecoin launched by World Liberty Financial (WLFI), with a current total size of approximately US$2.12 billion. Its reserve assets include short-term US Treasury bonds, US dollar deposits and other cash equivalents, and are regularly audited by third-party accounting firms to ensure 100% support for its reserve portfolio. USD 1s compliant custody is provided by BitGo, the worlds largest independent qualified custodian.
Regarding this cooperation, Justin Sun said: The integration of USD 1 will bring new vitality to the TRON ecosystem. Our goal is to enable every user to easily use stablecoins through their mobile phones and participate in the global financial system. He also pointed out that this cooperation with WLFI marks a key step in the integration of DeFi and traditional finance. In the future, he hopes to use USD 1 to enable global users to seamlessly use stablecoins in their daily lives.
As an important global payment network and blockchain infrastructure, TRON is building an efficient entry point for global users to enter the TRON ecosystem through the widespread application of stablecoins, and continues to expand its influence in the global financial system. At present, the total market value of stablecoins on the TRON chain has exceeded US$73.2 billion, and the number of holding accounts has reached 66.4 million.
With the mission of building a Metaverse Financial Free Port and promoting financial inclusion, TRON will continue to leverage the advantages of a secure and efficient underlying blockchain to accelerate the popularization and application of stablecoins around the world and bring more convenience to users.
