TRX Public Listing Might be Investors’ ‘Visa’ moment for Stablecoins
The post TRX Public Listing Might be Investors’ ‘Visa’ moment for Stablecoins appeared on BitcoinEthereumNews.com.
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Analysis As Asia begins its trading day, Tron DAO’s TRX token is trading flat, up 1%. Crypto traders don’t seem to be making much of a recent announcement that Tron—for all intents and purposes—is ‘going public’ on the NASDAQ via a reverse merger with SRM Entertainment, a lightly traded Nasdaq-listed toy company that is now rebranding as “Tron Inc.” complete with a TRX treasury strategy. While a blockchain going public might be a little different than what traditional investors are used to, in theory, this might be a stablecoin infrastructure play. The proposed public vehicle would give equity traders access to a network that is home to 30% of all stablecoin transactions (according to DeFi Llama data) takes place and where half of all USDT in circulation live. In contrast, while Circle is a regulated issuer of USDC, a fiat-backed stablecoin, Tron Inc. would likely provide investors with indirect exposure to a blockchain network that facilitates a significant portion of global stablecoin activity in both the crypto market and the fast-growing global south, where the population is skeptical of the existing banking system. Unlike Circle, which does not control the infrastructure on which USDC circulates, Tron operates the network itself. This is where the two business models differ: Tron captures transaction fees and on-chain activity directly, whereas Circle’s business model is centered on custody, compliance, and interest income on the reserves backing USDC. On-chain data shows that the Tron network hosts massive whale activities, with a recent note from CryptoQuant pointing out that 59% of May’s…
Filed under: News - @ June 17, 2025 4:20 am