USD1 begins printing on TRON
USD1 Minted on TRON
Early last week TRON's governing body the TRON DAO announced they minted the very first WLFI USD1 stablecoin on TRON's blockchain. Recall, USD1 is 100% backed by short-term US Governments. Treasuries as well as US $ deposits and cash equivalents.
WLFI Goals met and TRON's Strength
This USD1 minting brings to fruition Eric Trump's promise last month in Dubai at Token2049. Another successful milestone for WLFI. The benefits don't apply just to USD1 but to the TRON ecosystem as it strengthens the entire TRON ecosystem and in my estimation positions TRON for more Institutional adoption.
How long did the minting process take?
According to TRON founder Justin Sun the minting process started on June 11 and completed successfully on June 12. So about 24-hours for this minting process to come about.
Summary
World Liberty Financials strategic decision to mint USD1 on TRON signals a growing trust in the network’s robust infrastructure and demonstrates institutional confidence in TRON’s ability to deliver secure, scalable blockchain solutions for global markets. Has your viewpoint of TRON changed this year like mine has?
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