Geneva, Switzerland, July 4th, 2023, Chainwire
TRON has recently launched its first Real World Asset (RWA) product, stUSDT, which operates through the decentralized platform JustLend. TRON founder Justin Sun believes that stUSDT will evolve into a crypto version of Alibaba's Yu'e Bao, a money market fund product. Sun believes that stUSDT will serve as a bridge connecting traditional markets to blockchain ecosystems while providing more options for crypto users. From July 10 to August 10, 2023, the stUSDT platform is set to launch a welcome campaign, offering an increased APY of up to 10% to enhance users' first experience with RWAs on TRON. Additionally, users can enjoy discounts on redemption fees of stUSDT from July 3 to August 10. With a global user base and a $50 billion stablecoin market cap, stUSDT has sparked considerable industry excitement and is poised to serve as a cornerstone for TRON's RWA endeavors towards building a financial gateway that aims to empower 8 billion people worldwide. For daily updates on the RWA fund allocation and rebases, please refer to Medium. First stUSDT launched on TRON blockchain as real world asset product.
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TRON's RWA product unleashes new opportunities
The concept of RWAs has gained popularity in the crypto industry, with the stUSDT platform aiming to bridge the gap between retail and institutional investors while also connecting the crypto world with real-world assets. stUSDT provides equal investment opportunities for all in RWAs, and is the first initiative in the TRON ecosystem to tokenize RWAs and introduce them to the community.
Similar to stETH on the Lido protocol, stUSDT is a decentralized token that serves as proof of investment in RWAs, and its holders can earn passive income from real-world assets. stUSDT introduces more robust and decentralized asset management mechanisms, with the ultimate goal of optimizing return opportunities for on-chain users from real-world assets. RWA DAO launched stUSDT, which is operated by JustLend DAO under a custody agreement. JustLend DAO has the highest Total Value Locked (TVL) on TRON and is one of the top DeFi projects. Additionally, TRON has the largest circulating supply of USDT (over $46 billion) and a TVL second only to Ethereum, which will drive the organic growth of stUSDT. The stUSDT team is confident that there will be an influx of new users and a wider expansion of the TRON ecosystem as a whole.
Create the Web3 counterpart of Yu’e Bao, combining the physical world with Web3
The cryptocurrency market is constantly evolving and participants are investing time and effort to stay up-to-date with new technology and product developments. The market has seen significant growth over the past few years, particularly with the emergence of liquidity mining during the "DeFi Summer" of 2020, which led to a booming decentralized lending market. However, with a shift in market trends, some real-world assets are now regaining a stronger position. For example, the US Fed Funds Rate has surged past 5%, making the dollar a sought-after risk-free asset. As a result, the DeFi sector is now exploring real-world assets as a way to venture into new markets.
In the traditional finance space, Yu’e Bao, Alipay's money market fund product, has become a popular investment vehicle. In the world of Web3, the TRON-based stUSDT is positioned as the Yu’e Bao equivalent, with the potential to replicate the success story of Alipay. TRON has already established itself as a leading on-chain payment infrastructure across the globe, and the launch of stUSDT is expected to take the ecosystem to new heights.
Similar to Alipay’s Yu’e Bao, stUSDT offers users the opportunity to earn passive income and withdraw their assets at any time, while enjoying the transparency, security, and immutability that blockchain technology provides. stUSDT connects on-chain assets with real-world assets, providing users with a wide range of opportunities. Supported by TRON's robust ecosystem, the platform is committed to a user-centric approach and serves as a dynamic bridge between traditional finance and blockchain. It is expected to attract a new wave of blockchain enthusiasts, further expanding the TRON DAO community. By facilitating the integration of blockchain with traditional finance, stUSDT aims to propel the next stage of growth in the blockchain industry.
About stUSDT
stUSDT.io is a pioneering RWA platform on the TRON network. It offers a secure and fair channel for blockchain users to interact with real-world assets via decentralized smart contracts. The platform's aim is to establish a decentralized RWA investment and management mechanism, integrating real-world assets into the TRON ecosystem.
stUSDT is the platform token of stUSDT.io, and it is a decentralized token that serves as proof of investment in real-world assets. It enables its holders to earn passive income.
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