📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
CandyDrop × Succinct (PROVE) — Trade to share 200,000 PROVE 👉 https://www.gate.com/announcements/article/46469
Futures Lucky Draw Challenge: Guaranteed 1 PROVE Airdrop per User 👉 https://www.gate.com/announcements/article/46491
🎁 Endless creativity · Rewards keep coming — Post to share 300 PROVE!
📅 Event PeriodAugust 12, 2025, 04:00 – August 17, 2025, 16:00 UTC
📌 How to Participate
1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ
USD1 Stablecoin Expands On TRON With $23M Mint After Landmark US Law | Bitcoinist.com
Related Reading: Ethereum Whale Activity Surges With $946.6M Weekly Accumulation – DetailsAccording 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.
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.
Related Reading: Abraxas Capital Faces $119M Loss On Crypto Short: BTC Liquidation Price Sits At $153K## 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.
Related Reading: Vitalik Buterin Regains Billionaire Status As Ethereum Hits Multi-Year HighsIf 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