TRX price surge follows launch of Trump-backed stablecoin

Updated

June 13, 2025

Gambar TRX price surge follows launch of Trump-backed stablecoin

Jakarta, Pintu News – The Tron blockchain recently added World Liberty Financial Inc.’s USD1 stablecoin, which has the backing of US President Donald Trump. This launch not only increased the value of the TRX digital currency, but also attracted the attention of traders and investors around the world. The significant rise in TRX price is an important indicator in the current dynamics of the cryptocurrency market.

Significant Price Movement

The first USD1 has officially been minted on TRON —
a small step for USD1, a giant leap for stablecoins!https://t.co/KMLg8NcXw8
— H.E. Justin Sun 🍌 (@justinsuntron) June 11, 2025

Trading data shows that TRX experienced a 6% increase on Tuesday, breaking the $0.2875 level on the daily chart before facing resistance at $0.2980. If TRX manages to cross that resistance, it is likely to reach $0.3230, which is the 50% Fibonacci retracement level.

Currently, TRX is trading around $0.2920, sitting between support at $0.2808 and the 23.6% Fib mark at $0.2645. The first USD1 stablecoin has been officially minted on the Tron network, marking a small step for USD1, but a big leap for the stablecoin world.

High-Profile Stablecoin Launches

According to a report from World Liberty Financial Inc. the USD1 stablecoin is now live on Tron. The issuer of this stablecoin has connections to US President Donald Trump, and Justin Sun, founder of Tron and the largest holder of the Trump Token meme coin, called this launch a “huge leap forward for stablecoins.” Sun also attended a White House dinner for top Trump Token holders. These connections with big names have drawn new attention to the Tron ecosystem.

On-Chain Growth Signals

According to DeFiLlama, the total value locked in Tron has reached over $5 billion. On June 6, the network recorded 4.50 million returning user addresses. This statistic shows that people continue to return to DeFi applications on Tron, but it is important to observe whether the funds remain in place or move to higher yields on other chains.

Bullish Bets in Derivatives

Data from CoinGlass shows that TRX derivatives open interest rose by 8.25% in the last 24 hours to $329 million. The open interest-weighted funding rate rose to 0.0098%, indicating that long positions are more dominant than shorts.

The liquidation of shorts in a day was almost double that of longs, which completed the wave of bearish bets. Technical analysis supports this positive perspective. The RSI indicator on the daily chart shows increasing buying pressure, and the recent MACD crossover pushed the histogram bars into positive territory, signaling momentum has been in favor of buyers.

Conclusion

Meanwhile, traders will also continue to monitor Bitcoin movements. The resulting withdrawal could drag the altcoin down, while a renewed rally could lift TRX higher. For now, the combination of a major stablecoin launch, increasing TVL, rising open interest, and positive technical signals give Tron fans reason to anticipate a possible breakout.

Also Read: Crypto Market Optimism: Can Optimism (OP) Break $0.72?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.