Trump Meme Coin Launches USD1 Stablecoin on Tron Amid Market Challenges
The OFFICIAL TRUMP meme coin has expanded its presence to the Tron network, introducing USD1 stablecoin trading pairs in an effort to regain momentum. Announced by Justin Sun, the initial trading pairs include USDT/USD1, TRX/USD1, and NFT/USD1 on sun.io. Despite these developments, the TRUMP token is currently trading at $8.61, marking an 85% decline from its peak of $73 in January 2025. The project faces significant challenges, including insider sell-offs and a looming $520 million pressure. This move aims to stabilize the token's value and attract new investors amidst a turbulent market.
Trump Meme Coin Expands to Tron with USD1 Stablecoin Amid Market Pressure
The OFFICIAL TRUMP meme coin has launched on the Tron network, introducing USD1 stablecoin trading pairs in a bid to revive momentum. Justin Sun announced the integration, with initial pairs including USDT/USD1, TRX/USD1, and NFT/USD1 on sun.io.
TRUMP token currently trades at $8.61, a stark 85% decline from its January 2025 peak of $73. The project faces headwinds from insider sell-offs and a looming $520 million token unlock on July 18, potentially diluting circulating supply by 20%.
World Liberty Financial, the Trump-linked blockchain initiative, positions USD1 as the cornerstone of its DeFi ecosystem. The BitGo-issued stablecoin boasts full reserve backing through U.S. Treasuries and cash equivalents, offering institutional-grade compliance.
Tether Strengthens Grip on $259B Stablecoin Market as Usage Patterns Evolve
Tether (USDT) now commands 62.38% of the stablecoin market with a $158.6B valuation, processing $55.3B in daily volume. The broader stablecoin sector represents 7.7% of total crypto market capitalization at $259.17B, serving as the backbone of digital asset liquidity.
USD Coin (USDC) maintains its second-place position with $62B market cap, though its $6.2B daily volume trails significantly behind Tether. Regulatory-compliant institutions continue driving steady demand for Circle's offering despite the gap in adoption.
Notable activity emerges in mid-cap stablecoins, with USDe demonstrating outsized DeFi usage versus DAI despite parity in market capitalization. USD1 shows remarkable velocity, turning over $705.5M against its $2.2B valuation.
WazirX Users Sue Exchange Over Frozen Funds in Singapore High Court
WazirX faces mounting legal pressure as users file suit against its Singapore entity, Zettai, alleging unjustified freezing of crypto and fiat balances. The dispute centers on Bitcoin, XRP, Tron, Binance Coin, Tether, and INR holdings—some allegedly unhacked—being grouped into a contested restructuring plan.
Romy Johnson's 40-page affidavit challenges Zettai's asset categorization, arguing Singaporean law prohibits treating user-held trust assets as corporate liabilities. The case could set precedents for crypto exchange accountability and user protections in cross-border disputes.
