TRON (TRX) has officially initiated the minting of the USD1 stablecoin developed in partnership with World Liberty Financial (WLFI). Fully backed by short-term U.S. government treasuries, dollar deposits, and other cash equivalents, USD1 aims to bolster TRON's digital financial ecosystem and is now available across TRON, Binance Smart Chain, and Ethereum networks.
This launch coincides with a significant governance update following the approval of Proposal No. 102, which reduces TRX's block rewards by 50% and voting rewards by 20%, with 25 out of 27 votes in favor. By lowering these rewards, TRON expects to increase the annual deflation rate of TRX from 0.85% to 1.29%, potentially exerting upward price pressure by tightening token supply.
The network has seen a substantial surge in activity, with daily transactions surpassing 8 million and global user accounts reaching 310 million. This momentum is further supported by the integration of the Web3 onboarding provider Privy, enhancing adoption of TRON-based decentralized applications (dApps), and AEON Pay, enabling offline payments at over 20 million merchants in Southeast Asia with TRON assets.
Additionally, USD1 is set to play a pivotal role in a $2 billion investment plan linked to Binance via MGX, highlighting growing institutional confidence in TRON's infrastructure. Although the project is connected to politically controversial figures, the market appears focused on USD1's long-term adoption potential, which may disrupt dominance of traditional stablecoins like USDT and USDC.