<ul data-eligibleForWebStory="true"><li>Tron's blockchain added a USD1 stablecoin from World Liberty Financial Inc., sparking a 6% price increase in TRX on Tuesday.</li><li>TRX's price hit resistance at $0.2980 after surpassing $0.2875 and currently trades around $0.2920, with potential to reach $0.3230.</li><li>The launch of the USD1 stablecoin has drawn attention due to ties to US President Donald Trump and Justin Sun, Tron's founder.</li><li>Total value locked on Tron's network exceeded $5 billion with 4.50 million returning user addresses, signaling continued growth in DeFi use.</li><li>TRX derivatives open interest rose by 8.25%, reaching $329 million, with more bullish bets than shorts based on funding rate data.</li><li>Technical analysis shows a positive perspective with RSI indicating buying pressure and a recent MACD crossover favoring buyers.</li><li>Market sentiment remains influenced by Bitcoin's movements, potentially impacting TRX's price trends.</li></ul>

TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin

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