TRON Lights Up the Crypto Scene: USD1 Stablecoin Now Minted and Governance Shakes Up!

USD1 Blasts Off on TRON's Blockchain

Hold onto your hats, crypto fans! TRON has just launched the minting of World Liberty Financial's USD1 stablecoin right on its blockchain, and it's happening alongside a massive governance shakeup. This isn't just any news; it's a game-changer!

From Token2049 to Reality: Justin Sun's Vision Takes Shape

Remember that buzz from Token2049 on May 1? That's when TRON's mastermind, Justin Sun, dropped the bomb about teaming up with the Trump-backed World Liberty Financial. They're not just talking the talk; they're walking the walk by integrating USD1 into TRON's ecosystem. And guess what? The minting kicked off in the early hours of June 11, with Sun himself shouting it out on X as a "giant leap for stablecoins." Now that's what I call progress!

USD1: More Than Just a Stablecoin

USD1 isn't your run-of-the-mill stablecoin. It's backed by the big guns: short-term U.S. government treasuries, dollar deposits, and other cash equivalents. WLFI unveiled this beast at Token2049 in Dubai last month, and it's already playing a major role in settling MGX's hefty $2 billion investment in Binance. With this latest move, USD1 is now flexing its muscles across not one, not two, but three networks: TRON, Binance Smart Chain, and Ethereum. Talk about spreading the love!

TRON's Governance Gets a Makeover

But wait, there's more! The minting of USD1 isn't the only fireworks show in town. TRON just finalized Proposal No. 102 today, and it's a big one. They're slashing block rewards by a whopping 50% and voting rewards by 20%. The vote was a landslide, with 25 out of 27 in favor. Block rewards are dropping from 16 TRX to 8 TRX, and voting rewards are going from 160 TRX to 128 TRX. The goal? To crank up TRX's annual deflation rate from 0.85% to 1.29%. And you know what that means—less supply could mean more demand and higher prices down the road!

TRX on the Rise

As of June 13, TRX is holding strong near $0.27, riding an ascending channel that's been fueling its price momentum since mid-March. Keep your eyes peeled, folks—this could be the start of something big!