Sun Yuchen Hosts Dubai Summit Fireside Chat with Eric Trump on Financial Freedom and Decentralized Future

2025-05-02 13:19

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Source: TRON

During the Token 2049 summit, a global blockchain and cryptocurrency industry event held in Dubai, TRON founder Justin Sun acted as the host for a highly anticipated fireside chat with Eric Trump, the son of former President Donald Trump, and Zach Witkoff, co-founder of World Liberty Financial (WLFI), a decentralized project supported by the Trump family. In this conversation, Zach Witkoff revealed that the USD1 stablecoin issued by WLFI will also be natively issued on the TRON blockchain. Previously, WLFI had issued the USD1 stablecoin on the BNB Chain.

This conversation focused on decentralized finance (DeFi), financial freedom, and TRON's key role in driving global financial system transformation, attracting thousands of on-site attendees and becoming a highlight of the summit.

TRON and WLFI Further Collaboration

In the discussion, Justin Sun used TRON's original intention as a starting point, emphasizing that financial freedom is the core value of blockchain technology. He stated: "The original intention of TRON was not to chase profits, but to allow all 8 billion people worldwide to equally participate in the financial system and enjoy the right to financial freedom." This concept has run through TRON's development process and is highly aligned with WLFI's vision.

In this conversation, Justin Sun specifically revealed the upcoming collaboration between TRON and WLFI: WLFI's USD1 stablecoin will be natively integrated into the TRON blockchain, with the initial minting scale expected to reach hundreds of millions of dollars, and the future potential to surpass a market value of billions of dollars. This collaboration not only signifies a significant breakthrough for TRON in the stablecoin field but also further cements its position as a global DeFi infrastructure. Justin Sun stated: "The integration of USD1 will bring new vitality to the TRON ecosystem. Our goal is to enable every user to easily use stablecoins via their mobile phones and participate in the global financial system." He also pointed out: "The collaboration between TRON and WLFI is an important step in the integration of DeFi and traditional finance. Through USD1, we hope to enable global users to seamlessly use stablecoins in their daily lives, such as swiping a card for transactions at hotels or stores."

Eric Trump is confident about this collaboration: "TRON's technical strength and user base provide the perfect platform for the promotion of USD1. We believe that this will drive the globalization of financial freedom." Zach Witkoff further revealed that WLFI plans to integrate USD1 into traditional retail POS systems, allowing users to use stablecoins in real-world scenarios, a goal that is highly aligned with TRON's vision of inclusive finance.

Public records show that in November 2024, Justin Sun invested $30 million to become the largest holder of the WLFI token and was appointed as an advisor to the project. Subsequently, his investment in the Tron Foundation increased to $75 million, laying the foundation for a series of deep collaborations between the WLFI project and the Tron network.

Exploring Together to Advance Financial Freedom

As the host of the dialogue, Justin Sun focused the discussion on the limitations of traditional finance, the transparency advantages of blockchain, and the future potential of the WLFI and Tron collaboration, exploring the possibilities for the future development of decentralized finance.

During the dialogue, Eric Trump shared the unpleasant experience of the Trump family having their accounts "canceled" by traditional banks for political reasons. He stated that this experience led him to deeply appreciate the value of cryptocurrency: "The crypto community, like us, believes in hard assets and pursues freedom. The transparency and decentralized nature of blockchain no longer allow the financial system to be controlled by a few." Justin Sun agreed with this sentiment and further asked, "The financial system is not just a tool; it also carries culture and values. How can we reshape the financial system through WLFI and USD1?" This question sparked a lively discussion.

Zach Witkoff then detailed WLFI's mission and progress. He pointed out that WLFI aims to bridge the gap between traditional finance and DeFi, with the USD1 stablecoin backed 1:1 by short-term government bonds and cash equivalents, striving to become the most transparent and regulated stablecoin globally. Justin Sun noted that Tron's high-performance blockchain can ensure fast, transparent, and cost-effective transactions for USD1, which is key to the integration of DeFi and traditional finance.

During this dialogue, Justin Sun also envisioned the future of DeFi: "In five years, DeFi will be deeply integrated with traditional finance, and Tron will play a bridging role between the two." He called for the industry to strengthen self-regulation, enhance user experience, and accelerate mass adoption. Eric Trump agreed, stating, "The blockchain industry needs a more user-friendly experience, just like the real estate industry focuses on customer service. Only in this way can we defeat those lagging behind traditional banks."

The fireside chat at the Token 2049 summit not only showcased Tron's influence in the global blockchain industry but also demonstrated Justin Sun's foresight as a thought leader in the industry. Through in-depth discussions with Eric Trump and Zach Witkoff, Justin Sun conveyed a clear message to the world: Tron is not just a technical platform but also a practitioner of financial freedom.

With the native integration of USD1 on the TRON blockchain, along with deep collaboration with WLFI, TRON is accelerating the convergence of DeFi and traditional finance, bringing more transparent, efficient, and inclusive financial services to global users.

In the future, TRON will continue to uphold its original intention and work with global partners to jointly write a new chapter of financial freedom. As Justin Sun said, "Our mission is far from over until every person on Earth can enjoy the right to financial freedom through TRON."