In April 2025, the U.S. Securities and Exchange Commission (SEC) officially accepted the spot TRX ETF application submitted by Canary Capital - this is the worlds first ETF proposal with a Chinese public chain as the underlying asset. Once approved, TRON will be deeply integrated into the global mainstream financial market and further establish its leading position in the Web3 financial field. By then, TRON founder Justin Sun will also reach a new peak in his life and accumulate energy to create the next miracle. Of course, this seemingly blessed luck is actually very hard to come by.
In the ever-changing crypto asset startup circle, investors have long been accustomed to the drama of one after another. Time is like a big wave that ruthlessly filters out the former celebrities, leaving countless sighs and lamentations. However, TRON, founded in 2017, has been advancing all the way, passing through three rounds of bull and bear markets, and has become the Web3 financial infrastructure for hundreds of millions of users worldwide. So, what did Justin Sun do right?
In the process of seeking this answer, we can see the elegance and ingenuity of Web3 wave chasers in Justin Sun, and we can also feel the tenacity, restraint, pragmatism and honest Chinese business heritage. This unique entrepreneurial temperament has portrayed the background of his entrepreneurial career, driving him to make decisions, pass barriers, overcome challenges and expand achievements at every important node.
1. Sun Yuchen’s foresight has made TRON’s total USDT supply account for more than half of the industry
On May 22, the issuance of TRON USDT (TRC 20-USDT) exceeded 77.7 billion, exceeding 50% of the global USDT supply, becoming the largest USDT version in circulation worldwide. This not only means that TRON USDT has surpassed Ethereum USDT in all aspects, but also indicates that the circulation of global mainstream stablecoins is accelerating towards the TRON network.
In addition to the issuance volume, the TRON version of USDT also ranks first in the world in terms of multiple core indicators such as the number of holding accounts, the number of independent active addresses, and the total number of transfers;
In terms of application scenarios, more and more users regard TRON version of USDT as the preferred stable currency for crypto payments, and it is widely used in multiple scenarios such as financial trust, legal currency exchange, communication transfer, travel settlement, cross-border payment, etc.
In terms of market demand, since the beginning of 2025, the TRON version of USDT has issued nearly 18 billion tokens in a few months, of which 5 billion tokens were issued in April alone. This eloquently proves that the TRON version of USDT has become the most popular product in the world.
To sum up, it is not difficult to draw a conclusion: since then, compared with other mainstream public chains, the TRON network has begun to have an overwhelming advantage in the issuance of stablecoins, and this key turning point means a profound change in the industry landscape.
When Sun Yuchen founded the TRON public chain in 2017, he was still a young man under 30 years old. At that time, the entire crypto asset circle was still in its infancy. Every move he made inevitably attracted more or less criticism, and every decision could even become a life-or-death choice for the platform. The complex external environment and the tricky internal coordination greatly tested the determination and decisiveness of this young man. The uncertainty was far beyond the tolerance of ordinary entrepreneurs. The personal bitterness and struggle were hard to describe, but Sun Yuchen not only managed to get through it, but also pushed the development of the platform to wave after wave of climaxes, benefiting hundreds of millions of users around the world. Therefore, any small episodes during this period could not shake Sun Yuchens contribution to the Web3 world.
2. Striving for excellence and never complacent, Justin Sun continues to push the TRON ecosystem to new heights
Once upon a time, the Ethereum version of USDT was the mainstream in the industry, thanks to the leading position and network effect of the Ethereum public chain. Other public chains could only sigh in admiration for a while. However, under the strong promotion of Justin Sun, TRC-20 came from behind and took every step carefully. With higher cost-effectiveness, more stable network status, smoother user experience, and more potential application ecology, it has become a perfect alternative to ERC-20. The market voted with its feet and proved the relative superiority of TRC-20 with its actions.
As his platform and career are on the rise, Justin Sun has promoted the development of the industry with a more positive and proactive attitude, invested heavily in supporting public welfare events in the industry, and fully demonstrated his chivalrous style of serving the public and the country, which has been the foundation of Chinese entrepreneurs for thousands of years. However, another strong contrast is that Justin Sun has never been complacent or self-satisfied in this process. Instead, with a stronger sense of responsibility, mission and public morality, he has been constantly optimizing and iterating the TRON version of the USDT ecosystem, just to live up to the trust of all users and support the future of the Web3 financial world. Among them, there are two representative events that are worth mentioning.
First, Justin Sun personally led the promotion of the gas-free feature, which means that when users use the TRC 20 protocol to transfer USDT, they no longer need to hold TRX to pay for the handling fee. Users only need to pay lower transaction fees with USDT. This move breaks the industry convention, lowers the user threshold, improves transfer efficiency, and promotes the industry to be more accessible and convenient.
Secondly, in order to combat crypto-transaction crimes and provide users with a safer and purer trading environment, Justin Sun cooperated with Tether and TRM Labs to establish the T 3 Financial Crimes Department, freezing $130 million in illegal USDT transactions, so that TRON can adapt to the regulatory trend in 2025. In contrast, we cant help but think of other Chinese Web3 public chain projects that have made a splash since their debut. Among them, there are many capital darlings that were born at the same time as TRON. They far surpassed TRON in early traffic and attention, but today only TRON has entered the deep waters of global regulatory security, which is very regrettable. Justin Sun has always been in the wrestling field of Web3 finance and will never leave.
These two initiatives are not only the business priorities outlined by Justin Sun himself, but also his pragmatic actions to give back the trust of the industry and the support of users. Looking to the future, the TRON USDT version, which emphasizes experience, convenience, and compliance, will gradually realize the vision of decentralized SWIFT proposed by Justin Sun on the basis of the growing user scale, and create a new world outside the traditional financial world. By then, TRONs ambition to become the core settlement layer of global financial transactions will also light up the sky of the Web3 world like stars.
3. Adhering to long-termism and firmly following the right path, Justin Sun’s advancement process fully demonstrates the profound wisdom of Chinese businessmen
In March 2025, Justin Sun appeared on the cover of the global English version of Forbes. He was the second Chinese entrepreneur to appear on the cover of the English version of Forbes after Jack Ma. The one before and the other, the old and the new, show the vitality and enterprising spirit of Chinese entrepreneurs.
Of course, the more legendary Web3 world will surely bring more surprises and vitality. The young generation of Chinese entrepreneurs, full of vitality, will uphold the correct values, adhere to the strategic direction of longer-term significance, and demonstrate the wisdom of the ancient nation with their unyielding determination and courage to follow the general trend, injecting surging momentum into the innovative development of the global digital financial ecosystem.
As a leader in the crypto asset industry, I believe Sun Yuchen will also use a more resolute will to dispel the outside worlds doubts about the great new things, and in the process of reaching the top of the global Web3 financial ecosystem, he will play the triumphant song of the Chinese dream. This is a glorious chapter in Sun Yuchens personal destiny, and it is also a microcosm of the era in which Chinese entrepreneurs lead the global innovation wave. I hope that each of us can be in this fierce torrent and discover the light of our own value. Sometimes, the switch between the identity of a striver and a lucky person may just be a firm choice at a turning point in destiny, and tireless dedication, like Sun Yuchen.
