MoonPay joins forces with TRON, adds support for TRX in the U.S.
MoonPay added support for TRON, enabling U.S. users to purchase TRX tokens and use its blockchain.
MoonPay, one of the largest fiat-to-crypto ramps, will add support for TRON (TRX). On Wednesday, May 7, TRON DAO announced the collaboration with MoonPay, enabling U.S. users to purchase TRX through its platform.
The integration allows MoonPay users to access TRON’s active ecosystem, which sees an average of 8.3 million daily transactions. According to MoonPay co-founder and CEO Ivan Soto-Wright, this partnership marks the first step in a broader collaboration between the two organizations.
“TRON continues to deliver impressive results across its entire ecosystem – from DeFi and stablecoin leadership to powering some of today’s most innovative platforms. We’re excited to make TRX accessible to our U.S. users, unlocking new opportunities to participate and benefit from TRON’s diverse, fast-growing ecosystem, with more to come in the near future,” Soto-Wright, MoonPay.
The TRON network continues to grow
Sam Elfarra, Community Spokesperson for TRON DAO, emphasized the importance of a reliable onramp for U.S. users. This aligns with its ambitious expansion plans, especially when it comes to facilitating payments.
“Having TRX available for US users on MoonPay’s instant, programmable payments platform is a very positive development for our ecosystem. As a leader in payment and stablecoin solutions, MoonPay’s integration greatly enhances TRON’s trajectory as a global settlement network,” Sam Elfarra, TRON DAO.
On May 7, the supply of stablecoins on TRON reached an all-time high of $71.9 billion. Stablecoins are a key metric, as these assets are typically used for blockchain-based payments. What is more, on May 1, Trump-linked World Liberty Financial announced that its USD1 stablecoin is also available on the TRON network.
Despite the overall downturn in the markets, TRX has remained relatively stable since December. After its all-time high of $0.4407 in December 2024, the token stabilized at around the $2.4 range, where it still currently trades.
