Overview

• CryptoQuant data show a third USD1 mint on TRON added $23 million on August 6 and was cited as the first issuance under the U.S. GENIUS Act
• The GENIUS Act requires stablecoins to maintain 1:1 backing with dollars or Treasury securities, use authorized issuers, publish monthly audited reserve reports and enforce KYC/AML and freeze/seize capabilities
• TRX has rallied into the mid-$0.30s with a 24-hour trading volume of $1.07 billion, marking a 15.3% gain in August and a 172% jump year-on-year
• On-chain metrics report TRON processed over 1.8 trillion transactions year-to-date with a 99.3% success rate, more than 70% of transactions incurring zero gas fees and a claimed $625 billion in monthly stablecoin settlements
• TRON Inc.’s Q2 results delivered $1.47 million in net income and $111 million in shareholders’ equity, and some analysts predict TRX could test $1 by September or October if its momentum holds