TRX - Tron's Stablecoin Launch Could Be a Significant Catalyst
Tron (CRYPTO: TRX) is a $6.35 billion cryptocurrency launched by Justin Sun in 2017, predating many other popular cryptos. And while it does not have the buzz of the likes of Terra or Solana , that doesn't mean it isn't innovating and bringing new development to its ecosystem. Tron made a major announcement last week that a new stablecoin, USDD (which stands for U.S. Decentralized Dollar), will launch on the Tron network on May 5.
The news drew significant investor interest and Tron rose 7% following the news at a time when many other cryptos are in the red. The launch should attract more users to the Tron network, which will be beneficial for Tron investors.
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Tron's Stablecoin Launch Could Be a Significant Catalyst