Key Takeaways:
- TRON unveils stUSDT, its first Real World Asset (RWA) product, through JustLend platform, aiming to bridge traditional markets with blockchain.
- Justin Sun, TRON’s founder, sees stUSDT as the crypto counterpart to Alipay’s Yu’e Bao, providing users with versatile investment options.
- To celebrate the launch, stUSDT offers an increased APY of up to 10% from July 10 to August 10, 2023, with discounts on redemption fees.
The TRON ecosystem has marked a pivotal moment on July 3rd with the introduction of its first Real World Asset (RWA) product, stUSDT. Operating through the decentralized platform JustLend, stUSDT is poised to redefine the crypto sphere.
Justin Sun, the founder of TRON and member of Huobi’s global advisory board, envisions stUSDT evolving into the crypto equivalent of Alipay’s Yu’e Bao. He believes it will connect traditional markets to blockchain ecosystems while empowering cryptocurrency users with diverse options.
To mark its inauguration, stUSDT is rolling out a welcome campaign from July 10 to August 10, 2023, which includes an elevated APY of up to 10%, and discounts on redemption fees. Users are advised to keep an eye on Medium for daily updates on RWA fund allocation and rebases.
In an industry rife with innovation, RWA has emerged as a popular concept. stUSDT aims to bridge the gap between retail and institutional investors and connect the cryptocurrency space with the real world. By tokenizing RWAs, this initiative ensures equal investment opportunities for all.
stUSDT is TRON’s answer to stETH on the Lido protocol. It is a decentralized token that serves as a proof of investment in RWAs. Also, it’s holders can earn passive income from real-world assets. Through more decentralized and robust asset management mechanisms, stUSDT’s ultimate goal is to optimize return opportunities for on-chain users.
Managed by JustLend DAO, stUSDT is a product of RWA DAO and is governed under a custody agreement between the two parties. With TRON hosting the largest circulating supply of USDT and an impressive Total Value Locked (TVL), the organic growth of stUSDT is anticipated.
With market trends evolving, RWAs are reclaiming strong positions. The US Federal Funds Rate has surged past 5%, making the dollar a sought-after asset. Consequently, the DeFi sector is eying RWAs to explore new markets.
stUSDT, akin to Alipay’s Yu’e Bao, enables users to earn passive income and withdraw assets anytime, coupled with the transparency, security, and immutability of blockchain. By linking on-chain assets with real-world assets, and backed by TRON’s robust ecosystem, stUSDT is dedicated to a user-centric approach.
It will functions as a conduit between traditional finance and blockchain. Expected to draw a new wave of blockchain enthusiasts, stUSDT is setting the stage for the next growth phase in the blockchain industry.
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