The first USD1 stablecoin has officially been minted on the TRON blockchain, after its successful launch on Ethereum and BNB Chain earlier this year. This announcement was made by the founder of TRON blockchain, Justin Sun today, June 11, 2025, on social media platform X (formerly known as Twitter).
What is USD1?
USD1 is stablecoin that is pegged to the U.S. dollar at a 1:1 ratio. It’s reconverted stablecoin’s reserves are held in short-term, U.S. government treasuries, dollar deposits and cash equivalents, all of which are custodian by BitGo.
The stablecoin was launched by WLFI in March 2025, USD1 was designed to offer institutional-grade transparency, monthly audits, and seamless interoperability across multiple blockchains, starting with Ethereum and BNB Chain, and now expanding to TRON. This multi-chain approach, enabled by Chainlink’s Cross-Chain interoperability Protocol (CCIP), aims to maximise accessibility and utility for both institutional and retail users.
Impact on WLFI and the Stablecoin Market
The integration of USD1 with TRON is expected to significantly broaden its reach, leveraging TRON’s global user base and robust DeFi ecosystem. Eric Trump stated, “a small step for USD1, a giant leap for stablecoins,” emphasizing the ambition to make USD1 available to billions worldwide.
The expansion on TRON network has come at a time when USD1’s market cap has already surpassed $2 billion and the trading volume has surpassed $800 million. Eric Trump shared this data and tweeted “We are just getting started.” This adoption is also driven by major institutional deals such as MGX’s $2 billion investment in Binance.
For WLFI, launch of USD1 on TRON will make it as a formidable competitor to established stablecoins like USDT and USDC, while also enhancing the value proposition for WLFI token holders.
WLFI has also announced airdrops of USD1 to the community members. In this way, the company is incentivizing adoption and testing on-chain distribution models. The project’s focus on compliance, security, and cross-chain mobility positions USD1 as a key player in the evolving stablecoin landscape, with potential to reshape both DeFi and traditional finance.
Industry Reactions and Future Outlook
Leaders in the industry, such as Zach Witkoff and Justin Sun, have praised the action as revolutionary, pointing to the partnership’s capacity to produce a digital dollar that is safe, transparent, and available everywhere. The adoption of compliant, institutionally backed stablecoins throughout the cryptocurrency ecosystem is expected to increase as USD1 continues to expand its horizon.
Also Read: South Korea Intensifies Discussions on Won-Based Stablecoins
