A new gateway to borderless transactions

Geneva, Switzerland, November 7, 2024 – TRON DAO has officially launched TRON-Peg USD Coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and expand the TRON stablecoin ecosystem. By facilitating seamless and efficient cross-chain transfers, TRON-Peg USD Coin expands the possibilities for users to leverage USDC across the TRON ecosystem.

Efficient cross-chain functionality

TRON-Peg USD Coin enables seamless USDC transfers between ethereum and TRON, serving as an essential bridge to stablecoins. Qualified users can easily acquire TRON-Peg USD Coin through a simplified cross-chain process: when USDC-ERC20 is deposited into the ethereum bridge contract, the system detects the transaction, mint an equivalent amount of TRON-Peg USD Coin in TRON and transfers directly to the user's TRON address.

Similarly, general users who wish to move TRON-Peg USD Coin back to ethereum can initiate the process through the designated token contract on TRON. Cross-chain transactions between TRON and ethereum can also be done through supported exchanges.

Transparent and secure with free cross-chain services

TRON-Peg USD Coin offers users free cross-chain transaction services. Additionally, its reserve assets are fully transparent in real time, ensuring that reserves consistently exceed total supply. This ensures that users can always redeem their USDC into ethereum at a 1:1 ratio. Users can check reserve assets in real time.

Security remains a top priority, with TRON-Peg USD Coin rigorously audited by ChainSecuritya leading blockchain security company led by security experts from eth Zurich. The integral 24 page audit reinforces TRON's commitment to user security and contract integrity. Ioannis Sachinoglou, Principal Engineer at ChainSecurity, stated: “This audit of the Tron-Peg USD Coin bridge allowed us to further explore TRON's cross-chain infrastructure. We analyze the mechanisms of the bridge, as well as the interactions between the TRON and ethereum networks. Working closely with the TRON team, we work to identify and address potential vulnerabilities, ultimately strengthening the robustness of the bridge and improving user confidence. “We look forward to continuing to collaborate with TRON and supporting the security of their ecosystem.”

Shaping the future of stablecoin technology

With TRON's position as a major player in the stablecoin market, representing more than one third of the entire stablecoin supplyTRON DAO is committed to continually perfecting the TRON-Peg USD coin with enhanced security and user-centric value. These improvements aim to position TRON-Peg USD Coin as a trusted option for secure and seamless transactions, empowering users around the world.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the Internet through blockchain technology and dApps.

Founded in September 2017 by Justin Sun, the TRON network has continued to make impressive achievements since the launch of MainNet in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, which has over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2024, it had over 270 million total user accounts on the blockchain, over 8.8 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN.

Additionally, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin worldwide, surpassing USDT on ethereum as of April 2021. The TRON network completed its full decentralization in December 2021 and is now a DAO governed by the community. Most recently, in October 2022, TRON was designated as the national blockchain of the Commonwealth of Dominica, marking the first time that a major public blockchain has partnered with a sovereign nation to develop its national blockchain infrastructure. blocks. In addition to government support to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica's global fanfare, seven existing TRON-based tokens: TRX, BTT, nft, JST, USDD , USDT, TUSD, have been granted legal status as an authorized digital currency and medium of exchange in the country.

Media contact
Yeweon Park
(email protected)

About TRON-Peg USD Coin

TRON-Peg USD Coin is a stablecoin bridging tool on the TRON blockchain that is collateralized by USDC on ethereum. It allows users to seamlessly use USDC for different types of transactions within the TRON ecosystem and seamlessly transfer USDC between ethereum and TRON.

https://tronusdc.ioh

Media contact
Sally Chen
(email protected)