In June 2025, the stablecoin market witnessed a pivotal shift with the launch of USD1—a Trump-family-backed stablecoin—on the TRON network. This move directly challenged the USDT-USDC duopoly, igniting industry-wide debates. A recent X Space roundtable titled "#SunFlash圆桌" explored whether USD1+TRON could emerge as the "third pole" in stablecoins, analyzing technical capabilities, asset models, compliance, and capital pathways.
1. USD1: Disrupting the USDT-USDC Dominance
The global stablecoin market remains heavily concentrated, with USDT and USDC controlling ~90% of shares. However, panelists identified critical limitations in both:
- USDT: Faces EU MiCA compliance risks (potential delisting from exchanges like Coinbase Europe) and lingering transparency issues around reserves.
- USDC: Despite its audit-backed reserves (100% U.S. Treasuries/cash), its reliance on traditional finance exposes it to U.S. policy shifts (e.g., asset freezes).
USD1’s Competitive Edge:
- Political Capital: Leverages Trump-family endorsements for regulatory flexibility.
- Sovereign Independence: Operates via a decentralized governance committee, reducing single-jurisdiction dependence.
- Multi-Chain Agility: Deploys across chains (e.g., TRON) for diverse use cases.
"USD1 balances censorship resistance and fiat stability better than USDC, making it ideal for cross-chain finance," noted one expert.
2. TRON’s Role: Building the "Third Pole" Infrastructure
TRON’s technical ecosystem (2,500+ TPS, near-zero fees) positions it as the ideal host for USD1’s growth. Key advantages:
- High-Frequency Payments: Dominates B2B settlements and micro-transactions.
- Regulatory Adaptability: Uses Bubblemaps V2 for GDPR/FATF-compliant anonymity.
- DeFi Integration: Supports lending (JustLend), swaps (SunSwap), and NFT markets (APENFT).
👉 Explore TRON’s stablecoin ecosystem
3. Expanding the TRON Stablecoin Matrix
TRON’s $80B on-chain stablecoin volume (USDT, USDD, USDJ) now includes USD1, creating a layered system:
- USD1: Compliant institutional gateway.
- USDD: Decentralized, high-yield DeFi engine.
- USDT: Liquidity backbone for payments.
"This ‘stablecoin supermarket’ enables funds to flow seamlessly between compliance and crypto-native needs," highlighted a panelist.
4. Synergies: USD1, USDD, and TRX Vault
A liquidity trifecta emerges:
- USD1: Compliant on-ramp.
- USDD: Algorithmic stability via over-collateralization.
- TRX Vault: Cross-border capital lubricant.
👉 Learn how TRON powers global finance
5. Conclusion
The "USD1+TRON" alliance redefines stablecoin dynamics by merging political capital with blockchain scalability. If USD1 maintains transparency and TRON’s DeFi ecosystem thrives, this partnership could propel blockchain from a transactional tool to a global financial OS—ushering in a new era of digital finance.
FAQs
Q: Is USD1 safer than USDT?
A: USD1 offers stronger compliance and political backing, but its reserve transparency remains under scrutiny.
Q: Why did USD1 choose TRON?
A: TRON’s low-cost, high-speed infrastructure and DeFi maturity align with USD1’s cross-border payment goals.
Q: Can USDD compete with USD1?
A: They’re complementary—USDD serves DeFi yields, while USD1 targets regulated inflows.