Justin Sun bets on his Tron crypto

[ad_1]

Justin Sun, Founder of Tron, shared his ambitious goal for the year to make TRX crypto legal tender in 5 countries by 2023.

Tron Crypto (TRX) will be legal tender in 5 countries by 2023

In a roundup of tweets, Tron founder Justin Sun shared with his 3.4 million followers his goal for the year: to make TRX legal tender in 5 countries by 2023.

By 2023, I hope to see #TRX widely accepted and used in at least 5 countries as legal tender, and that this is just the beginning of wider adoption of cryptocurrency in general.

— HE Justin Sun (@justinsuntron) January 29, 2023

In addition to increased adoption of TRX and increased value, Sun adds that this ambition would also lead to broader acceptance of crypto globally.

Apparently, Sun’s idea also stems from some confirmations received from some countries. And indeed, as early as October 2022, the Commonwealth of Dominica adopted TRX and six other Tron-based cryptocurrencies as legal tender.

Not only that, earlier this week an MP proposed a bill that, if passed, would make Tron legal tender in the Eastern Caribbean island nation of St. Maarten. In doing so, St. Maarten’s bill proposes adopting Tron as the country’s national blockchain.

Justin Sun: US could be the last country in the world to accept crypto

Continuing the discussion of legal TRX with other tweets, Sun made it clear that the United States is likely to be the last country on Earth to adopt crypto-assets as legal currencies and therefore it is best to focus on the rest of the world.

I believe that if 7.7 billion people on Earth adopt crypto as legal tender, the 300 million people in the United States will eventually follow suit.

— HE Justin Sun (@justinsuntron) January 29, 2023

In this sense, Sun clarifies that the work to legalize TRX will have to be done on a global scale, establishing partnerships with governments and companies in countries around the world.

Not only that, the founder of Tron describes cryptocurrencies in general as financial inclusion tools that can improve the lives of people in every corner of the world.

Tron (TRX) and price changes

At the time of writing, Tron (TRX) ranks 17th in crypto by market cap, with a total market cap of over $5.8 billion.

The price of TRX returned to the levels of 3 months ago at $0.063 after a low of $0.047 immediately after the collapse of the crypto exchange FTX.

The crypto is still well off its ATH – All Time High of $0.16 hit in April 2021.

Recently, TRX ran into issues with Huobi, which is the crypto exchange that Justin Sun is an advisor and advisory board member for. Everything was overcome, but what had raised doubts was that Huobi, after announcing a major layoff campaign, had also declared that he would pay employees in stablecoins.

In this regard, Tron has an algorithmic USDD stablecoin, but since November it had lost its peg with the dollar. The fear was that employees would be paid precisely in USDD, fearing further loss of value for the token. Something that then seems not to have happened, and in fact everything was overcome.

Related articles More from the author

[ad_2]