USD1 has officially launched on the TRON blockchain. The minting process began on June 11, marked by an X post from TRON founder Justin Sun, who described the launch as a “giant leap for stablecoins.
USD1 Launches on TRON Blockchain
The stablecoin is backed by short-term U.S. government treasuries, dollar deposits, and other secure cash equivalents. WLFI introduced USD1 during the Token2049 conference in Dubai last month, where it was also revealed as a key asset in a $2 billion investment settlement involving MGX and Binance.
USD1 is currently deployed on three extensive networks, including TRON, Ethereum, and Binance Smart Chain. The recent coinage on TRX enhances its interconnectedness within the burgeoning financial system of the network.
TRON DAO stated that this step should spread the use and improve the trust among institutional investors. The alliance highlights an intensifying relationship between the TRON ecosystem and WLFI which is co-founded by Eric Trump, the executive vice president of the Trump Organization.
TRON Finalizes Major Governance Proposal
In addition to the introduction of USD1, TRON has accomplished one of the most significant reforms of governance with the passing of Proposal No. 102. The plan got 25 votes in favor of 27.
This update cuts block rewards by 50%, reducing them from 16 TRX to 8 TRX. Voting rewards will also drop from 160 TRX to 128 TRX. TRON DAO says the measure is designed to increase TRX’s deflation rate from 0.85% to 1.29% annually.
By reducing the token supply, the network hopes to create upward pressure on the value of TRX. As of June 13, TRX is trading around $0.27 and has maintained positive momentum since mid-March.
Justin Sun highlighted that USD1 and the governance upgrade represent actual development in the blockchain technology and transparency in finance. He termed the partnership with WLFI as a significant milestone towards decentralized finance.
TRON keeps gaining presence in the crypto market, as the circulating supply of the USDT stablecoins is now hosted on it. By May 2025, the network has passed the 312 million user accounts milestone and counted more than 10 Billion transactions.
The introduction of USD1 and governance reforms affirm the desire of TRON to become a leader in decentralized infrastructure and blockchain-based finance.
