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Geneva, Switzerland, November 7, 2024 – Trondao has officially launched the TRON-Peg USD coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and expand the TRON stablecoin ecosystem. TRON-Peg USD Coin expands the possibilities for users to leverage USDC across the TRON ecosystem by facilitating seamless and efficient cross-chain transfers.
Efficient cross-chain functionality
TRON-Peg USD Coin enables seamless USDC transfers between Ethereum and TRON and acts as an important stablecoin bridge. Eligible users can easily obtain TRON-Peg USD coins through a streamlined cross-chain process. When USDC-ERC20 is deposited into the Ethereum bridge contract, the system detects the transaction, mints the same amount of TRON-Peg USD coins on TRON, and transfers them. Sent directly to the user's TRON address.
Similarly, ordinary users who wish to transfer their TRON-Peg USD coins back to Ethereum can initiate the process through a designated token contract on TRON. Cross-chain transactions between TRON and Ethereum can also be performed through supported exchanges.
Transparency and security with free cross-chain services
TRON-Peg USD Coin provides free cross-chain transaction services to users. Additionally, its reserves are fully transparent in real-time, ensuring that reserves always exceed total supply. This ensures that users can redeem USDC on Ethereum at a 1:1 ratio at any time. Users can check their reserve assets in real time.
The TRON-Peg USD coin has been rigorously audited and security remains our top priority. chain securityis a leading blockchain security company led by global security experts. ETH Zurich. comprehensive 24 page audit Strengthens TRON's commitment to user security and contract integrity. Ioannis Sachinoglou, Lead Engineer at ChainSecurity, said: “This Tron-Peg USD Coin bridge audit allowed us to take a deep look into TRON's cross-chain infrastructure. We analyzed the bridge mechanism and the interaction between TRON and the Ethereum network. TRON Team We worked closely with TRON to identify and address potential vulnerabilities, ultimately strengthening the bridge's robustness and enhancing user trust. We look forward to supporting your security.”
Shaping the future of stablecoin technology
TRON has established itself as a major player in the stablecoin market. 1/3 of the total stablecoin supplyTRON DAO is committed to continuously improving TRON-Peg USD Coin with enhanced security and user-focused value. These enhancements aim to position TRON-Peg USD coin as a trusted choice for secure and seamless transactions and empower users around the world.
About Trong Dao
TRON DAO is a community-managed DAO dedicated to accelerating the decentralization of the Internet through blockchain technology and dApps.
Founded by Justin Sun in September 2017, the TRON Network has continued to achieve impressive results since the launch of MainNet in May 2018. In July 2018, we also integrated BitTorrent, a pioneer in decentralized Web3 services with over 100 million monthly active users. The TRON network has received an incredible amount of attention in recent years. According to a report by TRONSCAN, as of November 2024, there will be more than 270 million total user accounts on blockchain, more than 8.8 billion total transactions, and more than $16 billion in total value locked (TVL). It becomes.
Additionally, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoins worldwide since April 2021, surpassing Ethereum’s USDT. The TRON network completed full decentralization in December 2021 and is now a community-managed DAO. Most recently, in October 2022, TRON was designated as the national blockchain of the Commonwealth of Dominica. This is the first time a major public blockchain has partnered with a sovereign nation to develop national blockchain infrastructure. In addition to government approval for the issuance of Dominica Coin (“DMC”), a blockchain-based fan token to promote global fanfare for Dominica, seven existing TRON-based tokens (TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been given legal status as nationally authorized digital currencies and mediums of exchange.
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media contact
Yewen Park
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About TRON-Peg USD coin
TRON-Peg USD Coin is a stablecoin bridge tool on the TRON blockchain and is collateralized by USDC on Ethereum. This will allow users to seamlessly utilize USDC for various types of transactions within the TRON ecosystem and seamlessly transfer USDC between Ethereum and TRON.
https://tronusdc.iah
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Sally Chen
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