From USDD Stablecoin to Dominica: Tron’s Road Ahead

InfoNesia.xyz – In the decade since he discovered crypto and stocks, Justin Sun has come a long way.

The China-born tech entrepreneur is the founder of Tron, a smart contract network that has doubled its market share in recent months. He owns the world’s largest distributed storage system, BitTorrent, among other enterprises, and is an alumnus of the Forbes 30 Under 30 list—with a talent for publicity that’s made him a household name in crypto circles.

Famously, in 2019 he paid $4.5 million for a charity dinner with crypto skeptic and Berkshire Hathaway chief Warren Buffett, which took place the following year.

Despite having resigned as Tron CEO in December 2021, Sun told Decrypt that his Web3 ambitions remain undiminished—but they have taken on a more serious bent.

Introduction to Tron (TRX)

The current version of the internet is dominated by centralized players. Companies like Google, Facebook and Amazon own and control the data we all generate. That’s made those middlemen very w…

He now has two new roles: the Permanent Representative to the World Trade Organisation (WTO) for the Caribbean island of Grenada—which comes with the title ‘His Excellency’—and advisor to popular cryptocurrency exchange Huobi. Both are instrumental to his goal, which hinges on the transformational potential of Tron’s recently launched stablecoin USDD.

Tron’s Trailblazer

Sun appears for our video interview in a Tron t-shirt, as opposed to his increasingly customary suit and tie. He is early and looks relaxed while exuding a barely perceptible nervous energy. This energy and his brazen determination have become traits for which he is famous.

Justin Sun On the Future of Tron’s USDD Stablecoin

The Tron founder tells Decrypt about the network’s decentralized stablecoin USDD, and how Tron aims to “bridge the Web3 world with the real world.

Since he launched Tron in 2017, the network has steadily blossomed as a foundational layer for the future decentralized internet. Tron is now governed by the community in the shape of a DAO, and Sun’s new appointments allow him to champion cryptocurrency in a global arena and scale the Tron network to serve a nation—perhaps the best real-world use-case there is.

Sun is a big fan of El Salvador’s Bitcoin experiment. In September 2021, the Central American country became the first state to introduce a cryptocurrency as legal tender, but the results have been mixed; a lack of efficient infrastructure and Bitcoin’s volatility means that transactions made in the cryptocurrency remain pitifully low.

For Sun, the solution to the issues that have confronted El Salvador is obvious: build on the Tron network. Announced in October, Tron’s partnership with Dominica will allow the Caribbean island state to issue a national digital currency, the DMC token, as legal tender. A basket of other cryptocurrencies, including USDD and other stablecoins, will be tradable too.

Dominican Government Partners With Tron To Launch Dominica Coin

The government of Dominica has partnered with smart contract blockchain platform Tron to issue Dominica Coin (DMC), a token that promotes the Caribbean nation’s natural and cultural heritage. …

“This is the first country-sponsored token in the space, issued by the government,” says Sun. He adds that the token will incorporate a digital ID, with the potential to open all manner of crypto applications, including passport-free travel, registering for services, and paying bills digitally.