The second spot is secured by Ondo Finance with $132.79M TVL.
Justin Sun expressed his delight with stUSDT’s rise in DefiLlama’s RWA TVL Rankings.
Through the decentralized platform JustLend, the TRON ecosystem not too long ago welcomed its first Real World Asset (RWA) product: stUSDT. Justin Sun, creator of TRON and member of Huobi’s world advisory board, predicted that stUSDT will turn out to be the cryptocurrency equal of Alipay’s Yu’e Bao, a cash market fund service supplied by Alibaba.
Sun believes it’s going to act as a conduit for the mixing of typical markets into blockchain ecosystems, giving crypto customers extra freedom of alternative.
To additional facilitate new customers’ introduction to RWAs on TRON. The stUSDT platform will run a welcome marketing campaign from July 10 by means of August 10, 2023. Increasing the APY to as a lot as 10% (from the standard 5%). From July third by means of August tenth, customers may additionally reap the benefits of diminished stUSDT redemption prices.
Since its launch, the TRON-based RWA product stUSDT has generated substantial buzz due to its large worldwide person base and $50 billion stablecoin market price.
Now within the 1st place on @DefiLlama's RWA TVL Rankings! https://t.co/81IL6JfUTW pic.twitter.com/KyYmjAmz9X
— H.E. Justin Sun 孙宇晨 (@justinsuntron) July 12, 2023
Recently, Justin Sun expressed his delight with stUSDT’s rise to the highest of DefiLlama’s RWA TVL Rankings. DeFi TVL is aggregated by DefiLlama. stUSDT has a TVL of $163.76M as of this writing. The second spot is secured by Ondo Finance with $132.79M TVL.
In order to maintain up with different leaders within the cryptocurrency market. The Tron (TRX) workforce has been fairly busy all through the final a number of years. Also, all through the week of July 1–7, Tron achieved numerous necessary milestones, which have been recounted by the @Trondao Twitter account.
The fifth season of the Tron Grand hackathon kicked started on July 6, marking probably the most important occasions of the final week.
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