PayPal is adding support for a permissionless version of its PYUSD stablecoin on Tron, Avalanche and several other blockchains via LayerZero and its Stargate Hydra bridge. Payments giant PayPal is expanding its PayPal USD stablecoin across eight new blockchains, seven of which are through an integration with LayerZero’s Stargate Hydra bridge. The integration will create a permissionless version of PayPal USD (PYUSD) — PYUSD0 — which will be “fully fungible” with the PYUSD and interoperable across blockchains, crypto infrastructure firm LayerZero said in a statement on Thursday. Those blockchains are Tron, Avalanche, Aptos, Abstract, Ink, Sei and Stable, while existing permissionless versions on Berachain (BBYUSD) and Flow (USDF) will upgrade to PYUSD0. A separate announcement on Thursday also revealed that PYUSD has expanded to Stellar. Read more
The financial regulator asked a judge to stay its enforcement case against the Tron founder in February, after which time the company went public on Nasdaq. Two members of Congress have called on the Securities and Exchange Commission (SEC) to answer questions that could impact how crypto companies go public on US exchanges. In a Wednesday letter to SEC Chair Paul Atkins and acting director of the commission’s division of corporation finance Cicely LaMothe, Senator Jeff Merkley and Representative Sean Casten questioned the agency’s timing on dropping an enforcement case against Tron founder and CEO Justin Sun. The Tron founder had been facing a lawsuit filed by the SEC in 2023 over allegations of offering unregistered securities, but the agency asked for a stay in the case in February, a month after the departure of former Chair Gary Gensler. Read more
Even after the change, Tron still holds a significant lead in revenue among layer-1 blockchains, including Ethereum, Solana and BNB Chain. Tron’s recent fee reduction has significantly cut into the revenue earned by its block producers, according to a new report from CryptoQuant. The total daily network fees for Tron’s block producers, known as Super Representatives, dropped to $5 million on Sept. 7, the lowest level in over a year. That’s a 64% revenue decline in 10 days, down from $13.9 million the day before lower fees were implemented. Onchain data shows that average gas fees on Tron have decreased by 60% after the network implemented a proposal slashing the energy unit price from 210 sun to 100 sun. Gas fees are transaction costs paid on the Tron network, measured in its smallest unit, called sun. Tron Proposal #789, labeled “Decrease the transaction fees,” went live on Aug. 29 after a vote from the Super Representative community. Read more
A plan to halve Tron’s energy costs is winning strong support ahead of Friday’s deadline, with backers betting lower fees will expand adoption. A GitHub proposal to realign the Tron blockchain’s fee structure with broader adoption goals is gaining traction ahead of Friday’s voting deadline, signaling that network stakeholders are prioritizing accessibility — even at the risk of introducing net inflation in TRX supply. The proposal, titled “Decrease the transaction fees” (Issue #789), was submitted on Aug. 8 by GitHub user GrothenDI in the Tron Improvement Proposals repository. It calls for reducing the energy unit price to 100 sun from 210 sun, effectively halving the cost of transactions that consume energy. One TRON (TRX) token equals 1,000,000 sun — the smallest divisible unit of TRX, similar to a satoshi for Bitcoin (BTC). Read more
According to a Binance Research report, tokenized stocks are nearing a major inflection point reminiscent of the early days of decentralized finance. On Wednesday, cryptocurrency exchange Kraken and tokenization platform Backed Finance announced an expansion of xStocks, a tokenized stock product offering, to the Tron blockchain. The move comes as real-world asset (RWA) tokenization, particularly within stocks, is taking hold. According to the announcement, Backed will deploy the stocks as TRC-20 tokens. Previously, Kraken and Backed launched xStocks on Solana and BNB Chain. Debuted in late June 2025, xStocks has had more than $2.5 billion in combined DEX and CEX volume, according to a Kraken blog post. “The enthusiasm developing in the RWA sector is more indicative of a growing institutional confidence in the utility of layer 1 blockchain networks like Tron,” a TronDAO representative told Cointelegraph. “As institutional blockchain continues to evolve, we plan to stay focused on building the infrastructure ne...
MetaMask will be natively integrated the Tron blockchain, connecting users to the Asia-focused network after adding Solana support earlier this year. Update (Aug. 20, 00.30 UTC): This article has been updated to reflect that the Tron network has not yet been integrated with MetaMask and also includes new comments from Angel Gonzalez-Capizzi. The Tron network will be integrated into Consensys’ crypto wallet MetaMask, becoming the third major non-Ethereum-based chain to get support since MetaMask launched in 2016. On Tuesday, Tron DAO announced the strategic partnership with MetaMask, which will natively integrate the Tron (TRX) blockchain into the Consensys-developed self-custodial crypto wallet. Read more
The Tron founder said it has been a long-time dream to travel to space and reflected on the fragility of the planet following his return. Justin Sun, founder of the layer-1 Tron blockchain network, returned safely from a commercial spaceflight on Saturday, alongside five other crew members aboard Blue Origin mission NS-34. The other crew members included the founder of venture capital firm Alpha Funds, J.D. Russell, entrepreneur Gökhan Erdem, real estate investor Arvi Bahal, meteorologist Deborah Martorell, and philanthropist and teacher Lionel Pitchford. Sun placed a $28 million bid for a seat aboard Blue Origin spaceflight NS-34 in 2021 and won the first reservation for the scheduled mission. Read more
The former penny stock is riding a 1,300% rally post-merger, as it looks to deepen its crypto treasury strategy with a billion-dollar funding push. Tron Inc., the Nasdaq-listed company that previously traded as a penny stock under SRM Entertainment, is seeking approval from US regulators to raise $1 billion to expand its Tron (TRX) holdings, following its reverse merger with Justin Sun’s blockchain project. According to its Form S-3 filing with the US Securities and Exchange Commission, Tron Inc. plans to raise the funds through a mix of common stock, preferred stock, debt securities, warrants and rights — or any combination thereof. The proceeds will go toward expanding the company’s TRX treasury, which already holds over 365 million TRX tokens following its reverse merger last month. Read more
TRON’s strong position in the stablecoin market continues with steady user growth, transaction volume and ecosystem expansion. TRON began 2025 on a strong note, marked by important protocol updates, new partnerships and growth across key onchain metrics. Throughout the first half of the year, the network’s strategic focus centered on reinforcing its role as a leading blockchain for stablecoin transfers. In its latest report, Cointelegraph Research examines TRON’s performance across core metrics and explores its expanding presence in the global stablecoin ecosystem. Read the full report to explore TRON’s latest onchain performance milestones and key strategic partnerships. TRON has continued to solidify its position as a leading network for stablecoin settlements. Since the beginning of the year, the supply of stablecoins on TRON has grown by 40% and reached $81 billion, primarily by active USDT issuance. USDT now makes up 99% of the stablecoin supply on the network, and, following recent mints, 51% of the tot...