Tron news

PayPal is expanding its USD‑stablecoin, PYUSD, to eight new blockchains—Tron, Avalanche, Aptos, Abstract, Ink, Sei, Stable, and Stellar—via a LayerZero Stargate Hydra bridge, creating a permissionless and fully fungible variant called PYUSD0. The integration will allow users to mint, burn and transfer PYUSD0 across chains, while Stargate Hydra handles cross‑chain transfers and LayerZero manages smart‑contract deployment. Existing permissionless versions on Berachain (BBYUSD) and Flow (USDF) are being upgraded to PYUSD0, consolidating PayPal’s presence on more networks. Despite this expansion, PYUSD remains far behind dominant stablecoins, ranking 11th in market cap at about $1.3 billion, compared to Tether’s $171 billion and USDC’s $74 billion. The move follows a projected growth of the stablecoin market to $2 trillion by 2028 and a favorable regulatory backdrop under the U.S. GENIUS Act, signalling broader adoption and cross‑border utility.

PayPal has expanded its PayPal USD (PYUSD) stablecoin to eight blockchains via LayerZero’s Stargate Hydra, creating a permissionless, fungible PYUSD0 for cross‑chain use. New links include Tron, Avalanche, Aptos, and upgrades to PYUSD0 on Berachain and Flow, while a separate rollout added PYUSD to Stellar. LayerZero will mint, burn and deploy PYUSD0, with Stargate Hydra handling transfers, building on PayPal’s support for Ethereum, Solana, Arbitrum and Stellar to boost cross‑chain use. The expansion follows forecasts that the stablecoin market could grow from $295 billion in 2023 to $2 trillion by 2028, buoyed by the GENIUS Act. Despite this, PYUSD sits 11th with a $1.3 billion cap, far below Tether and USDC, and USDT runs on 12 chains.

PayPal’s U.S. dollar‑tied stablecoin, PYUSD, has broadened its reach to nine additional blockchains, adding layers such as Abstract, Aptos, Avalanche, Ink, Sei, Stable, and Tron, a move announced by the interoperability protocol LayerZero through its Stargate bridge. The expansion places the $1.3 billion‑market‑cap token on the same multi‑chain ecosystem as other wrapped assets, creating new avenues for cross‑chain transfers. A recent EY‑Parthenon survey reported that roughly a third of corporate users now employ PYUSD, making it a favorite of business‑grade holders over newer stablecoins like USDe and USDS. While PYUSD is still smaller than peers such as Tether and Circle, it remains a top choice for institutional wallets. PayPal is also rolling out a peer‑to‑peer payment tool that will support PYUSD, Bitcoin, and Ethereum transfers via messaging apps. Together, these steps aim to embed the stablecoin more deeply in crypto‑payments.

US lawmakers Senator Jeff Merkley and Representative Sean Casten have written to SEC Chair Paul Atkins and division director Cicely LaMothe, urging the agency to clarify its decision to pause the enforcement case against Tron founder Justin Sun and to scrutinize the company’s July reverse‑merger IPO on Nasdaq. The letter points to Sun’s investments in Trump‑linked crypto ventures and raises concerns that the proposal “raises financial and national security risks” tied to alleged Chinese government connections. The lawmakers request that SEC standards for Tron’s listing be rigorously applied and that any settlement with Sun protects the American public. They also note that pending crypto market‑structure legislation, such as the House’s CLARITY Act and possible Senate bills, could reshape how foreign digital‑asset firms go public in the United States. The brief may prompt broader regulatory attention on similar reverse‑merger listings.

Tron's recent decision to cut transaction fees has sliced block‑producer revenue by two‑thirds, falling from $13.9 million on September 6 to $5 million on September 17, CryptoQuant reported. The network lowered its energy unit price from 210 sun to 100 sun under Proposal #789, launched August 29, driving average gas fees down roughly 60 percent. Proposer GrothenDI claimed the reduction could spur an estimated 12 million extra user transfers, but the trade‑off has been a 64 percent drop in daily earnings for the Super Representatives. Despite the hit, Tron still leads layer‑1 chains, capturing 92.8 % of total L1 revenue over the past week and generating $1.1 billion in fees in the last 90 days. Nevertheless, Ethereum remains the top earner over five years with $13 billion compared to Tron's $6.3 billion.

Tron reduced its transaction fees by 60% last Friday, a move that appears aimed at boosting user accessibility but is likely driven by the imminent launch of Plasma, which will allow zero‑fee USDT transfers. The network’s key vulnerability is the heavy reliance on USDT, which accounts for about 90 % of its revenue; after the fee cut, average fees stand at $2.80 per transaction—roughly five times higher than Ethereum’s $0.60. Tron has seen a 1.4 % drop in USDT supply, equivalent to roughly $1.1 billion of outflows, while Plasma’s pre‑launch campaigns have already attracted $2 billion in deposits. Financially, the fee cut would drop Tron from the third to the fourth largest chain by revenue, though it would still outstrip BNB in earnings. Its FDV/Fees multiple would rise from about 36× to 135×, still below the broader L1 group. For the first time, Tron faces a serious challenger in its core stablecoin market; only time will reveal whether the fee reduction can preserve competitiveness and stabilize volumes.

Tron Inc. has doubled its TRX holdings to more than $220 million after its largest shareholder Bravemorning Limited injected an additional $110 million and bought 312.5 million tokens via exercised warrants. The move elevates Bravemorning’s stake to 86.6% and its total investment to $210 million, making Tron Inc. the biggest public holder of its native token. The company, which formed from a June reverse merger with SRM Entertainment and secured $100 million in equity, added Justin Sun as an adviser and filed in July to raise up to $1 billion for expanding its TRX reserve and Web3 operations. Over the past six months, Tron Inc.’s shares have surged 1,128% and trade near $4.30, reflecting confidence in the treasury strategy. Critics warn that holding a company’s own token as collateral is circular and risky, noting that a TRX decline could erode the firm’s value.

September’s potential Fed rate cuts and risk‑asset demand have heightened interest in Trump‑linked altcoins for traders seeking political sentiment. Cronos (CRO) attracted institutional interest via a Trump Media SPAC; on‑chain activity shows a small exchange balance decline and modest top‑100 acquisition. Support at $0.26 remains critical for CRO as it tests a rally near $0.28. Official Trump (TRUMP) climbed 8.5 % last week; bullish Money Flow Index and Bull‑Bear Power suggest upward momentum toward $10.21. Tron (TRX) benefits from Sun’s $30 million WLFI stake; after a recent dip it holds a 110 % YoY gain and $0.33 support. WLFI’s launch adds another Trump‑crypto layer, and traders await breakouts at CRO $0.32, TRUMP $9.24, and TRX $0.34–$0.35.

Ethereum trades at $4,461, just 11% shy of its $4,956 peak, and its RSI hovers near neutral, leaving room for a breakout above $5,000 this month. A bearish swing past the 50 RSI would push ETH below $4,222, possibly down to $4,000 or less, stalling the upside. XRP sits at $2.81, above a $2.74 support line, with the Ichimoku Cloud hinting at bullish momentum that could lift it close to its unbroken high of $3.66. A break below $2.74 could drive XRP toward $2.54, eroding its current bullish outlook. Tron is 32% away from its $0.45 peak, and a 60% network‑fee cut may spur demand to breach resistance at $0.34 and $0.37. If TRX slides under $0.33 support, the price could fall to $0.32 or lower, weakening the case for a new ATH.

Tron’s community of token holders voted to cut network fees by 60%, a change that took effect on Friday per founder Justin Sun, who said the reduction would make the platform more attractive for users. Sun warned that the immediate cost cut would shrink the network’s revenue, but he expects profitability to rise in the long run as higher transaction volume lifts usage. Historically a low‑cost blockchain, Tron’s average transaction fee had risen to about $1.70, up from roughly $2.50 in December. The network remains a preferred payment layer for stablecoins such as USDC and USDT, which together account for more than $80 billion in market cap on Tron. Meanwhile, the TRX token traded near $0.34 after a 2 % dip in its last 24 hours.