|
Getting your Trinity Audio player ready...
|
Today, the TRON ecosystem welcomes its first Real World Asset (RWA) product, stUSDT, which is operating through the decentralized platform JustLend. TRON founder and member of Huobi’s global advisory board, Justin Sun, has voiced his belief that stUSDT will evolve into the crypto version of Alipay’s Yu’e Bao, a money market fund product offered by Alibaba. Sun is convinced that it will serve as a bridge connecting traditional markets to blockchain ecosystems while empowering crypto users with more options.
Welcome Campaign and Discounts
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% (normally expected to be around 5%) to enhance users’ first experience with RWAs on TRON. Users can also enjoy discounts on redemption fees of stUSDT from July 3 to August 10. Please refer to Medium for daily updates on the RWA fund allocation and rebases.
With a vast global user base and a $50 billion stablecoin market cap, stUSDT, a TRON-based RWA product, has sparked considerable industry excitement upon its introduction. It is primed to serve as a cornerstone for TRON’s RWA endeavors and towards building a financial gateway that aims to empower 8 billion people worldwide.
TRON’s RWA Product Unleashes New Opportunities
Today, RWA is a popular concept in the crypto industry. The stUSDT platform is dedicated to narrowing the divide between retail and institutional investors while connecting the crypto realm with the real world. stUSDT ensures equal opportunities for all to invest in RWAs. This is the first endeavor in the TRON ecosystem to tokenize RWAs and introduce them to the community.
stUSDT, the TRON ecosystem’s answer to stETH on the Lido protocol, is a decentralized token that serves as proof of investment in RWAs and its holders can earn passive incomes from real-world assets. stUSDT introduces more decentralized and robust asset management mechanisms. The ultimate goal of stUSDT is to optimize return opportunities for on-chain users from real-world assets. Launched by RWA DAO, stUSDT is operated by JustLend DAO under the custody agreement between the two parties. JustLend DAO boasts the highest TVL on TRON and ranks among the top DeFi projects. In addition, TRON hosts the largest circulating supply of USDT (over $46 billion) and a TVL second only to Ethereum, which will also drive the organic growth of stUSDT. The stUSDT team is confident of seeing an influx of new users and a wider expansion of the TRON ecosystem at large.
Create the Web3 Counterpart of Yu’e Bao
Current market participants are consistently devoting time and effort to stay ahead of the curve regarding any new tech or product developments in the crypto sphere, and the sheer size of market expansion over the past few years speaks volumes.
Similar to Alipay’s Yu’e Bao, stUSDT enables users to engage with passive incomes and withdraw their assets at any time while enjoying the transparency, security, and immutability brought by blockchain technology. stUSDT provides a wide range of opportunities for users by connecting on-chain assets with real-world assets. Supported by TRON’s robust ecosystem, the platform commits to a user-centric approach and serves as a dynamic bridge between traditional finance and blockchain. It is poised to attract a new mass of blockchain enthusiasts, further expanding the TRON DAO community. By further facilitating the integration of blockchain with traditional finance, stUSDT aims to propel the next stage of growth in the blockchain industry.
About stUSDT
The stUSDT.io platform is the first RWA platform on the TRON network, providing a secure and equitable channel for every blockchain user to engage with real-world assets through decentralized smart contracts. Its goal is to establish a decentralized RWA investment and management mechanism, bringing real-world assets into the TRON ecosystem.
The platform token of stUSDT.io, stUSDT, is a decentralized token that serves as proof of investment in real-world assets, enabling its holders to earn passive incomes.
