First real-world asset product stUSDT launches on TRON blockchain

(Press Release – Geneva, Switzerland, July 4, 2023)

Today, the TRON ecosystem welcomes its first Real World Asset (RWA) offering, stUSDTwhich is operating through a decentralized platform justland, TRON founders and members Huobi’s Global Advisory Board, justin sunhas expressed his belief that stUSDT will evolve into a crypto version of Alipay’s Yu Bao, the money market fund product offered by Alibaba. Sun is confident that it will serve as a bridge connecting traditional markets to the blockchain ecosystem, while empowering crypto users with more options. From July 10 to August 10, 2023, stUSDT platform launches a welcome campaign offering increased APY of up to 10% (normally expected to be around 5%) to improve users’ first experience with RWA on TRON ready to do. Users can also enjoy a discount on the redemption fee for stUSDT from July 3rd to August 10th. please look medium For daily updates on RWA fund allocation and rebase.

With a huge global user base and a stablecoin market capitalization of $50 billion, stUSDT, a TRON-based RWA product, generated a lot of excitement in the industry upon its introduction. It is designed to serve as a cornerstone for TRON’s RWA efforts and towards building a financial gateway that aims to empower 8 billion people worldwide.

TRON’s RWA offering offers new opportunities

Today, RWA is a popular concept in the crypto industry. The STUSDT platform is dedicated to bridging the divide between retail and institutional investors while connecting the crypto sector with the real world. stUSDT ensures equal opportunity for all to invest in RWAs. This is the first attempt 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 RWA and allows its holders to earn passive income from real-world assets. stUSDT introduces a more decentralized and robust asset management mechanism. The ultimate goal of STUSDT is to optimize return opportunities from real-world assets for on-chain users. Launched by RWA DAO, STUSDT is operated by JustLend DAO under a custody agreement between the two parties. JustLend DAO boasts the highest TVL on TRON and ranks among the top DeFi projects. Furthermore, TRON hosts the largest circulating supply of USDT (over $46 billion) and TVL second only to Ethereum, which will also fuel the organic growth of stUSDT. The STUSDT team is confident of seeing an influx of new users and a massive expansion of the TRON ecosystem at large.

create web3 equivalent of yu bao

Current market participants are constantly devoting time and effort to staying ahead of any new technology or product developments in the crypto sector, and the sheer size of the market expansion over the past few years speaks volumes. The launch of Liquidity Mining during the “DeFi Summer” of 2020 has given rise to a rapidly growing decentralized lending market. At the time, a 10% deposit rate was hardly surprising in the realm of USD-pegged stablecoins. When real-world interest rates were low, liquidity moved to on-chain DeFi loan markets.

However, with the change in market trends, some real world assets have now acquired a much stronger position. For example, the US Fed funds rate has risen above 5%, making the dollar a popular risk-free asset. Under this latest macroeconomic backdrop, the DeFi sector is eyeing RWAs in an effort to venture into new markets. In traditional finance, Alipay’s money market fund product, Yu Bao, has become a convenient investment vehicle. TRON-based stUSDT is positioned as Web3’s Yu’e Bao unveils a new chapter for the TRON ecosystem to potentially replicate Alipay’s success story. Just as Alipay entered the market with its payment services before expanding its user base with Yu Bao, TRON entered the world wide web before taking the ecosystem to new heights through the launch of stUSDT. 3 has consolidated its leadership position in on-chain payment infrastructure. ,

Similar to Alipay’s Yu Bao, stUSDT enables users to engage in passive income 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 linking on-chain assets to real-world assets. Backed by TRON’s robust ecosystem, the platform is committed to a user-centric approach and serves as a dynamic bridge between traditional finance and blockchain. It is set to attract a new group of blockchain enthusiasts, further expanding the TRON DAO community. By further facilitating the integration of blockchain with traditional finance, STUSDT aims to drive the next phase of development 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 connect to real-world assets through decentralized smart contracts. It aims to establish a decentralized RWA investment and management mechanism, which will bring real-world assets into the TRON ecosystem.

StUSDT.io’s platform token, stUSDT, is a decentralized token that serves as proof of investment in real-world assets, enabling its holders to earn passive income.