Bitcoinist
2025-08-12 17:00:51

USD1 Stablecoin Expands On TRON With $23M Mint After Landmark US Law

Tron is extending its growth momentum during this latest market phase, just weeks after going public, solidifying its position as a leader in stablecoin settlements. The network has continued to capture attention with its expanding ecosystem and consistent transaction activity, particularly in the stablecoin sector. Recent developments in the United States are also setting the stage for further growth, as regulatory clarity and innovation converge to boost adoption. According to data from CryptoQuant, August 6, 2025, marked a key milestone for Tron with the third minting of the USD1 stablecoin on its blockchain, adding $23 million worth of USD1 to circulation. This follows the first mint on July 5, 2025, and a second later that same month, reflecting steady demand for the regulated digital asset. USD1’s growth comes on the heels of new US legislation that enforces strict reserve requirements, transparency, and compliance standards, giving market participants increased confidence. With its high-speed, low-cost infrastructure and leadership in stablecoin settlements, Tron is well-positioned to capitalize on these favorable conditions. As the network continues to expand both technically and strategically , its role in shaping the future of blockchain-based finance appears increasingly significant. Tron’s USD1 Expansion Gains Momentum CryptoQuant analyst Maartunn highlighted that the August 6, 2025, minting of $23 million in USD1 on the Tron blockchain was the first issuance to take place under the newly enacted GENIUS Act, signed into law on July 18, 2025. This landmark legislation established the first federal framework for stablecoins in the United States, introducing strict standards aimed at ensuring stability, transparency, and investor protection. The GENIUS Act mandates that all stablecoins maintain a 1:1 backing with US dollars or US Treasury securities, can only be issued by authorized financial institutions, and must publish monthly reserve reports verified by independent audits. Additionally, issuers are required to implement robust KYC/AML measures and maintain the ability to freeze or seize tokens when necessary to comply with law enforcement requests. While USD1 is still far smaller than leading stablecoins like Tether (USDT) and USD Coin (USDC), it has seen noticeable growth in market capitalization and transaction volume in recent weeks. This uptick reflects both the increased confidence stemming from regulatory clarity and the efficiency of Tron’s blockchain infrastructure. Tron has firmly established itself as the second-largest network for stablecoin supply, with over $83.1 billion in circulation. Its low fees, high throughput, and strong adoption among payment and remittance platforms make it an attractive environment for stablecoin activity. TRX Price Analysis: Bullish Momentum Near Yearly Highs Tron’s native token, TRX, is showing sustained bullish momentum on the 3-day chart, currently trading at $0.3464 after a 2.39% gain. Price action reveals a consistent uptrend since April, with higher highs and higher lows supported by rising volume. TRX is now approaching resistance levels not seen since late 2024, signaling a potential breakout if buying pressure continues. The 50-day simple moving average (SMA) at $0.2745 remains well above the 100-day SMA ($0.2517) and the 200-day SMA ($0.1901), confirming a strong bullish structure. The widening gap between these moving averages reflects strengthening momentum and investor confidence. Short-term pullbacks have been met with solid buying interest, suggesting that bulls remain in control. If TRX breaks decisively above the current range, the next psychological target would be $0.36, followed by potential moves toward $0.40. However, failure to clear resistance could trigger a minor correction toward the 50-day SMA, where strong technical support lies. Featured image from Dall-E, chart from TradingView

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