Tron USDT has reached a new milestone, and Sun Yuchen's dream of a "decentralized SWIFT" is not far away

In April 2025, the U.S. Securities and Exchange Commission (SEC) officially accepted the spot TRX ETF application submitted by Canary Capital—this is the world's first ETF proposal based on a Chinese public chain as the underlying asset. Once approved, TRON will deeply integrate into the global mainstream financial market, further establishing its leading position in the Web3 financial sector. At that time, TRON founder Justin Sun will also reach a new peak in his life, preparing to create the next miracle. Of course, this seemingly fortunate blessing from heaven has actually come at a great cost.

In the ever-changing world of cryptocurrency startups, investors have long been accustomed to the "you sing, I appear" routine, as time mercilessly filters out former prominent figures, leaving behind endless sighs and regrets. Founded in 2017, TRON has surged forward, navigating through three cycles of bull and bear markets, becoming the Web3 financial infrastructure for hundreds of millions of users worldwide. So, what exactly did Justin Sun do right?

In seeking this answer, we can see in Justin Sun the carefree spirit of a Web3 pioneer and the resilient, pragmatic essence of a Chinese entrepreneur. This unique entrepreneurial temperament has shaped the foundation of his career, driving him to make decisions, overcome challenges, and expand achievements at every critical juncture.

1. Justin Sun's foresight allows TRON's USDT total supply to exceed half of the industry

On May 22, the issuance of TRON's USDT (TRC20-USDT) surpassed 77.7 billion, exceeding 50% of the total global USDT supply, making it the largest circulating version of USDT in the world. This not only means that TRON's USDT has fully surpassed Ethereum's USDT but also signifies that the circulation of mainstream stablecoins is accelerating towards the TRON network.

In addition to issuance, TRON's USDT also ranks first globally in several core metrics, including the number of holding accounts, independent active addresses, and total transaction counts;

In terms of application scenarios, more and more users are choosing TRON's USDT as their preferred stablecoin for crypto payments, widely used in financial trusts, fiat currency exchanges, communication transfers, travel settlements, and cross-border payments;

Regarding market demand, since the beginning of 2025, TRON's USDT has issued nearly 18 billion in just a few months, with 5 billion issued in April alone, which eloquently proves that TRON's USDT has become the most popular product globally.

From the above, it is not difficult to draw a conclusion: From this point on, compared to other mainstream public chains, the TRON network has begun to occupy an overwhelming advantage in stablecoin issuance, and this critical turning point signifies a profound change in the industry landscape.

Since the establishment of the TRON public chain in 2017, Justin Sun was still a young man under 30. At that time, the entire cryptocurrency space was still in its infancy, and every move he made inevitably attracted some criticism. Each decision could even become a matter of life and death for the platform. The complex external environment and tricky internal coordination greatly tested this young man's composure and decisiveness. The uncertainties he faced were far beyond what ordinary entrepreneurs could bear, and the struggles and hardships were hard to articulate. However, Justin Sun not only endured but also propelled the platform's development to new heights, benefiting billions of users worldwide. Therefore, any minor incident during this period could not shake Justin Sun's contributions to the Web3 world.

2. Striving for excellence and never complacent, Justin Sun continues to push the TRON ecosystem to new heights

Once upon a time, the Ethereum version of USDT was the industry mainstream, thanks to Ethereum's leading position and network effects, leaving other public chains in awe. However, under Justin Sun's strong promotion, TRC-20 emerged as a perfect alternative to ERC-20 through higher cost-effectiveness, more stable network conditions, smoother user experience, and a more promising application ecosystem. The market, voting with its feet, has demonstrated the relative superiority of TRC-20 through action.

During the upward phase of his platform and career, Justin Sun took a more proactive stance in promoting industry development, investing heavily to support public welfare events in the industry, showcasing the chivalrous spirit of putting the public good first, a hallmark of Chinese entrepreneurs for centuries. In stark contrast, Justin Sun has never been complacent or stagnant; instead, he has continuously optimized and iterated the TRON version of the USDT ecosystem with a stronger sense of responsibility, mission, and public welfare, all to honor the trust of all users and support the future of the Web3 financial world. Two representative events stand out.

First, Justin Sun personally led the initiative to implement a gas fee exemption feature, allowing users to transfer USDT using the TRC20 protocol without needing to hold TRX to pay transaction fees; users only need to pay lower transaction fees with USDT. This move broke industry norms, lowered user barriers, improved transfer efficiency, and further made the industry more user-friendly and convenient;

Second, to combat crypto trading-related crimes and provide users with a safer and purer trading environment, Justin Sun collaborated with Tether and TRM Labs to establish the T3 Financial Crime Department, freezing $130 million in illegal USDT transactions, enabling TRON to adapt to the regulatory trends of 2025. In contrast, we cannot help but think of other Chinese Web3 public chain projects that debuted with great fanfare. Many of them, born around the same time as TRON, enjoyed far more early traffic and attention, but today only TRON has entered the deep waters of global regulatory safety, which is quite lamentable. Justin Sun has remained steadfast in the arena of Web3 finance, never retreating.

These two initiatives are not only business priorities personally envisioned by Justin Sun but also practical actions to give back to the industry’s trust and user support. Looking ahead, the TRON USDT version, which emphasizes user experience, convenience, and compliance, will gradually realize Justin Sun's vision of a "decentralized SWIFT" based on an ever-growing user base, carving out a new realm beyond the traditional financial world. At that time, TRON's ambition to become the "core settlement layer of global financial transactions" will shine like stars in the vast sky of the Web3 world.

3. Upholding long-termism and firmly following the right path, Justin Sun's progression reflects profound Chinese entrepreneurial wisdom

In March 2025, Justin Sun graced the cover of Forbes' global English edition, becoming the second Chinese entrepreneur to appear on the cover after Jack Ma. This juxtaposition of old and new showcases the enduring vitality and ambition of Chinese entrepreneurs.

Of course, the more legendary Web3 world will undoubtedly bring forth more surprises and vitality. The vibrant younger generation of Chinese entrepreneurs will uphold the correct values, adhere to a longer-term strategic direction, and, with unwavering determination and the courage to adapt to the trends, will showcase the wisdom of an ancient nation, injecting powerful momentum into the innovative development of the global digital financial ecosystem.

As a leading figure in the cryptocurrency industry, Justin Sun is believed to dissolve external doubts about great new phenomena with a more resolute will, and in the process of reaching the pinnacle of the global Web3 financial ecosystem, he will resonate with the song of the Chinese dream. This is a brilliant chapter in Justin Sun's personal destiny and a microcosm of Chinese entrepreneurs leading the global wave of innovation. May each of us find our own shining value in this fierce current. Sometimes, the switch between being a fighter and a lucky person may just be a firm choice at a turning point in fate and the tireless dedication, just like Justin Sun.