TRON’s First RWA Product stUSDT With TVL Exceeded $200 Million
- The total amount involved in stUSDT, TRON’s first RWA product, has exceeded 200 million USDT after more than 1 week of launch.
- stUSDT ranks first in the RWA TVL rankings. Its APY is 4.22%.
On July 13, according to the official website data, the total amount of committed stUSDT, TRON’s first RWA product, exceeded 200 million USDT. According to Defillama data, stUSDT ranked first in the RWA TVL ranking. As of now, the APY of this product is 4.22%.
It is known that stUSDT is the first RWA (Real World Assets) tracking product in the TRON ecosystem, which was officially launched on July 3 and is currently running through the JustLend decentralized platform. The stUSDT platform is committed to building bridges between individual and institutional investors, the crypto world, and the real world through smart contracts and providing a fairer RWA investment channel for everyone.
stUSDT of the TRON ecosystem has many similarities to stETH on Lido protocol. They are both a decentralized token that serves as proof of investment in RWA, and their holders can earn income passively from real-world assets.
TRON RWA Product introduces more powerful and decentralized asset management mechanisms. The ultimate goal of stUSDT is to optimize on-chain users’ chances of return from real-world assets. Launched by the RWA DAO, stUSDT is operated by the JustLend DAO under a custody agreement between the two parties.
In addition, TRON has the largest circulating supply of USDT (over $46 billion) and TVL is second only to Ethereum, which will also drive the organic growth of stUSDT. The stUSDT team is confident to see a large number of new users and the TRON ecosystem to expand further.
Today, RWA is a common concept in the cryptocurrency industry. The stUSDT platform is dedicated to bridging the gap between retail and institutional investors and connecting the cryptocurrency sector to the real world. stUSDT ensures equal opportunity for everyone to invest in RWA. This is the first attempt in the TRON ecosystem to tokenize RWAs and introduce them to the community.
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