TRON has begun the minting of the USD1 stablecoin from World Liberty Financial on its blockchain, which also coincides with major governance updates.
USD1 Stablecoin Minting
TRON DAO has announced the successful minting of World Liberty Financial’s USD1 stablecoin on its blockchain. Minting began on June 11 and was highlighted by TRON founder Justin Sun, who described this event as a 'giant leap for stablecoins.'
Integration and Developments in TRON Ecosystem
The minting of USD1 is related to the recent partnership between TRON and World Liberty Financial, which was announced at the Token2049 event in Dubai. USD1 is backed by short-term U.S. government treasuries and other cash equivalents, making it a key component for investments in Binance.
Changes in Rewards and Deflationary Pressure on TRX
Alongside the USD1 minting, TRON has finalized Proposal No. 102, which reduced block rewards by 50% and voting rewards by 20%. This change aims to increase TRX’s annual deflation rate from 0.85% to 1.29%.
The USD1 minting and changes to reward structures are significant steps in the evolution of the TRON ecosystem, which may impact the cryptocurrency's price dynamics in the future.
