Blockchain
Brief Analysis of Messari’s Q1 2023 State of TRON and USDD Reports
Geneva, Switzerland–(Newsfile Corp. – May 12, 2023) – Messari, a leader in crypto market research and intelligence, recently released reports on both the USDD stablecoin as well as the TRON blockchain ecosystem. “The TRON DAO team appreciates Messari’s work overall, and like normal, its objective research in these latest TRON-related reports offers data-driven, insightful remarks,” a TRON spokesperson commented.
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USDD is an overcollateralized stablecoin managed by the TRON DAO Reserve (TDR). The number of USDD holders consistently remained above 130,000 in Q1 2023. The quarter also saw USDD expand its reach through various partnerships, and integrations with platforms like SwapFish, LayerZero Labs’ Aptos Bridge, and SushiSwap on the BitTorrent Chain (BTTC).
The TRON ecosystem overall held steady in Q1 2023.
There was a growth of 193,000 new accounts per day, surpassing the 12-month average of 172,000. Daily transactions grew by 7.7%, and TRON’s deflation rate was around 1% in Q1. Additionally, TRON’s position in the stablecoin landscape remains substantial, second only to Ethereum. The network’s integration with platforms like Blockbank, Fireblocks, and Uphold has improved access to the ecosystem, while initiatives like the TRON Climate Initiative and TRON Academy highlight its commitment to sustainability and next gen education.
Other highlights of note from the TRON report were:
- JustLend and JustStables benefited from the market rebound throughout Q1 as both were up QoQ (26% and 21%, respectively)
- TUSD value on the network grew by 420% QoQ to ~$1.3 billion
- Average amount of stake for Energy increased by 37.8% QoQ
- Technical developments advanced steadily
- TRON initiated developments to expand DeFi, including liquid staking and a decentralized resource marketplace.
- While USDT maintained 95% of the stablecoin value on TRON, there was a notable uptick in TUSD.
- TRON positioned itself in the AI space by partnering with Oraichain and launching a $100 million AI development fund.
TRON looks to remain competitive and continue its growth strategies to expand DeFi, stablecoin adoption, AI, and other use cases through 2023.
Contact Details
Hayward Wong
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/165862
In an era defined by rapid innovation and regulatory shifts, today’s blockchain briefing spotlights five pivotal developments: enterprise-grade data integration, municipal crypto pilots, state-level policy hearings, AI-powered token growth, and secure communications on a public ledger. Across these stories, three key trends emerge:
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Enterprise Adoption & Data Integration
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Government Experimentation & Oversight
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AI & Security Innovations in Crypto
Below, we dissect each story’s essence, unpack its broader implications, and offer opinion-driven insight for Web3 stakeholders.
1. Space and Time Joins Forces with Microsoft Fabric
Source: Chainwire / The Defiant
On May 20, 2025, Space and Time Labs (SXT)—a zero-knowledge data platform backed by Microsoft’s M12 Ventures—announced integration of its multichain index (Bitcoin, Sui, Ethereum) into Microsoft Fabric’s OneLake environment. This partnership delivers real-time, verifiable blockchain data directly within Azure, enabling developers and enterprises to build data-driven Web3 and AI applications without custom pipelines.
Opinion: Embedding verifiable on-chain data into mainstream analytics tools marks a watershed moment. As traditional enterprises crave decentralized insights, Fabric’s native access to SXT’s ZK-proven data could accelerate blockchain analytics, foster hybrid cloud-Web3 solutions, and reduce vendor lock-in. Expect more legacy tech giants to pursue similar alliances.
2. New York City Eyes Crypto for Taxes & Records
Source: DL News
Mayor Eric Adams revealed plans to form a Digital Assets Advisory Council to explore crypto-based payments for municipal services, including taxes, birth/death certificates, and land records. While specifics remain under wraps, Adams highlighted zero-knowledge proofs as a privacy-preserving tool for public documentation on distributed ledgers.
Opinion: New York’s initiative signals growing municipal appetite for blockchain beyond investments. By potentially accepting tax payments in crypto and securing vital records on-chain, NYC could pioneer use cases that blend transparency with privacy. However, pilot programs must rigorously address volatility, regulatory compliance, and digital inclusion to avoid disenfranchising underserved communities.
3. Wyoming Committee Explores Blockchain, AI & Right-to-Repair
Source: Wyoming Public Media
During its first interim meeting (May 14–15, Jackson Hole), Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation reviewed the state’s proposed Wyoming Stable Token—tethered 1:1 to USD—and examined AI governance and right-to-repair legislation. The Stable Token Commission anticipates a July 4 alpha launch, while lawmakers debated CBDC distinctions, tokenized real-world assets, and consumer repair rights.
Opinion: Wyoming continues to cement its reputation as a blockchain haven. Explicit carve-outs distinguishing stablecoins from CBDCs, coupled with regulatory sandboxes for AI and repair laws, underscore a holistic approach to innovation. Other states should monitor Wyoming’s alpha testing outcomes to inform balanced policy frameworks that nurture Web3 while safeguarding consumer interests.
4. AI Tokens Surge in Crypto’s New Tango
Source: The Economic Times
Himanshi Lohchab reports that AI-centric utility tokens—built to autonomously execute services like compute renting (Render), predictive analytics (SingularityNET), and data marketplaces (Ocean Protocol)—have seen market caps soar from $2.7 billion to nearly $30 billion within a year. Key players include Near Protocol’s AI modules, ICP, The Graph, and emerging AI agents that generate revenue per usage. Institutional interest from Grayscale, BlackRock, and Fidelity further validates the trend.
Opinion: The AI-blockchain convergence is no fleeting fad. AI tokens promise programmable revenue streams and decentralized toolchains, but they also introduce autonomous risk vectors—buggy smart contracts, accountability gaps, and regulatory ambiguity. Security audits, standardized interoperability protocols, and clear legal frameworks will be crucial to sustain investor confidence.
5. BSV Association Selects Binarii Labs for Secure Communications
Source: CoinGeek (via PRNewswire)
The BSV Association has designated Binarii Labs to implement BinariiDSM, an encrypted file exchange and messaging suite that logs proofs of record on the BSV blockchain. This integration ensures immutable audit trails, data resilience, and end-to-end confidentiality for enterprises seeking verifiable trust without centralized intermediaries.
Opinion: As data privacy regulations tighten globally, blockchain-anchored communication platforms like BinariiDSM offer a compelling alternative to legacy VPNs and secure email. By immutably recording metadata on-chain, organizations can demonstrate compliance, simplify audits, and deter insider threats. Look for BSV’s secure-messaging model to inspire similar offerings on other smart-contract platforms.
Conclusion: Navigating a Dynamic Blockchain Frontier
Today’s stories reaffirm that blockchain is no longer an experimental niche—it’s permeating analytics, public services, legislative agendas, tokenomics, and secure communications. To thrive:
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Forge Strategic Alliances: Enterprises should partner with ZK and data-fabric innovators to embed blockchain insights into their analytics stacks.
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Pilot Pragmatically: Municipalities must balance visionary crypto use cases with compliance, volatility management, and equitable access.
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Craft Balanced Policy: States can emulate Wyoming’s sandbox approach—distinguishing stablecoins from CBDCs, while addressing AI and repair rights.
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Secure the Autonomous Agent Era: As AI tokens multiply, enforce rigorous security audits and interoperability standards.
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Leverage On-Chain Trust: Consider blockchain-anchored communications for immutable audit trails and enhanced data resilience.
By embracing these actions, organizations and policymakers can harness blockchain’s transformative power while mitigating emerging risks.
The post Blocks & Headlines: Today in Blockchain – May 21, 2025 appeared first on News, Events, Advertising Options.
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