The Future of Stablecoins: Insights from Tron’s Director Steve Liu

Welcome to FinTech TV.

I'm Remy Blair.

Tron I completed a transformation going public through a reverse merger with SRM Entertainment.

The ceremony held live from Times Square, New York, was led by Justin Sun, founder of the Tron blockchain and global advisor to Tron Inc. and as part of this strategic move, the company raising $100 million. dollars to buy Tron's token for its treasury, aiming to leverage crypto asset holdings to drive shareholder value.

Well, joining me this morning on Wall Street is Steve Liu, director of Tron.

So Steve, great to have you here.

Thank you so much for joining me.

Thanks for inviting me.

Well, this is a significant move for the company, so tell us about the strategy behind this.

Yeah, the strategy is fairly simple.

It's, you know, one of the most popular strategies in the US capital market, obviously starting with a micro strategy.

They are known to have the most successful story of running a Bitcoin treasury strategy, and then, you know, obviously the market has broadened into other tokens including Ethereum and a few others.

Tron is obviously the latest addition into that same category.

We are probably unique in the sense that, you know, we really struggle between the layer one as Ethereum and some of the other well known layer one tokens, and also the stablecoin business.

We run as a token tron blockchain is the most dominant layer one for stablecoin tests or USDT settlement.

So we're very excited to actually today have this NASDAQ bell ringing ceremony.

It's a very exciting day.

And speaking of it being a very exciting day, you were part of the ceremony in Times Square and also Justin Tan is coming on board.

So tell us about the significance of this role.

Yes, we're unique also in one sense, right?

Well, we share the same fundamental idea of having a listed company to buy and accumulate and hold on to a digital token as the long term.

Value creation for the shareholders.

Tron is unique in the sense that, you know, number one, the company post the transaction is renamed to the same as the blockchain itself, and the ticket symbol also is changed to DRON and that's something I think we're very appreciated, very grateful for NASAQ to actually work very closely helping us to get everything in place very smoothly.

So that's a very symbolic significance, right?

Uh, secondly, Justin Song obviously is one of the most known and most successful figures in the industry.

Now having him on the board, uh, that is adding to a lot of, uh, uh, you know, significance to the strong Inc.

Uh, let's go right now.

Imagine if micro strategy is having the Bitcoin creator Satoshi on the board or as an advisor, right?

So that's, I think, very special in that sense.

Yeah, and when we take a step back and look at how many public companies are adopting this crypto treasury strategy, you mentioned micro strategy or strategy as it's known.

There are higher implications moving forward.

So give us your take.

Do you think this is trend or this is the new wave?

I think this is the The new wave and the A promising trend because we all understand the structure of the capital market.

There are very specific restrictions, all kinds of different restrictions in terms of investment policies, the scope of investment.

Some of them are largely technical, so stock market or listed company offers a very different alternative. to the market for the average investors to get exposure to the underlying toers rather than the ETF because not every fund, not every investors are allowed to invest in the ETF and the stock obviously in the case of micro strategy is basically, you know, no different from any of the other technology stock, right?

So that is, I think.

I think a key advantage for Treasury stock strategies, as an alternative for investors.

Yeah, and it's been a big day for you, your company, and also for the exchanges.

So that really speaks to what we're seeing in the crypto landscape here in the US and also thinking back to the beginning of this year, there are a lot of expectations. when it came to the regulatory landscape, we know with the Genius Act being signed by Trump last week, there is a lot of progress that's been made and a lot that still needs to be done as we head into the second half of this year.

So tell us what you're paying attention to.

Well, Trump is known for being the most dominant Leiuan settlement protocol for global settlement of the USDP transfers, right?

Uh, and stablecoin is the clear winner and biggest beneficiary for from the Genius Act.

Uh, not only it's going to be, uh, you know, opening up new opportunities in Every everyday life applications with now the financial more financial institutions have already signaled to join the game.

It's also, I think, having a ripple effect across the world.

In Hong Kong, Hong Kong government also passed a similar stablecoin regulation to promote the applications, right?

So I think given another 3 or 5 years, we are going to see stablecoin potentially.

You know, rival, OK, rivaling the traditional global payment, you know, process such as a cross border process through the banking rail, even through the, you know, Visa Master credit card network, right?

I settled more than $5 trillion US dollar global on chain transfer last year.

This year we are on track to clear up to $8 trillion.

And that number is already closing in on visa, you know, the annual settlement volume for visa.

Imagine how given another 5 years, given the much higher growth rate, right, where the stablecoin can can be compared to the traditional venues for global settlement.

OK, Steve, well, great having you on.

Thank you so much for joining me today and thank you for sharing your pleasure.

Thank you.

Thank you.