Tron Rides PayPal Stablecoin Launch as TRX Price Breaks Higher
- Tron integrated PayPal’s PYUSD stablecoin via LayerZero, strengthening its position as the top stablecoin network with $21T+ in transfers.
- TRX price climbed 3% to $0.35, breaking above its 7-day SMA with a golden cross and positive MACD signals.
- Key resistance is at $0.372, while losing $0.34 support could send TRX back toward $0.31.
Tron’s TRX token pushed past $0.35 on Thursday, finally shaking off four straight days of red candles. The move came right after the Fed’s first rate cut of the year, but the real spark was Tron’s fresh partnership with LayerZero. Together, they rolled out PayPal’s PYUSD stablecoin on the Tron network, giving the token a much wider reach. For investors, it’s a double jolt—macroeconomic relief plus a high-profile integration that cements Tron’s growing role in the stablecoin space.
PayPal Meets LayerZero on Tron
In their joint announcement, Tron and LayerZero confirmed PYUSD’s deployment via the Omnichain Fungible Token standard. The goal: let PayPal’s dollar-pegged token flow across multiple networks, faster and with more flexibility. Tron’s Justin Sun called it a milestone for accessibility, while LayerZero’s Bryan Pellegrino highlighted how stablecoins like PYUSD strengthen the dollar’s global grip at a time when rivals push de-dollarization. Beneath the lofty statements, the point is simple: PayPal’s stablecoin now runs on the world’s busiest stablecoin chain.
Technicals Flip Bullish
The price action lined up neatly with bullish signals on the charts. TRX climbed back above its 7-day simple moving average, which has now crossed over both the 30- and 50-day SMAs—a golden cross that often kicks off strong upside trends. The MACD also flipped positive, adding weight to the rebound case. If buyers hold momentum, analysts are watching $0.372 as the next ceiling to crack. On the flip side, if TRX fails to keep $0.34 intact, a slide back toward $0.31 could be in play.
Market Context
Despite the positive catalysts, Tron’s gains lagged behind some peers. Solana, Cardano, and Dogecoin all notched bigger daily wins, while Bitcoin struggled to clear a wall of short positions near $118k. Still, Tron’s role as the largest stablecoin transfer network—already processing over $21 trillion since launch—gives the PYUSD rollout extra weight. Combined with a recent community-approved 60% fee cut, Tron seems determined to stay ahead in the race for stablecoin dominance.
The post Tron Rides PayPal Stablecoin Launch as TRX Price Breaks Higher first appeared on BlockNews.
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TRON Outlook: Strong Fundamentals and Bullish Traders Target Higher Levels
Tron Rides PayPal Stablecoin Launch as TRX Price Breaks Higher
- Tron integrated PayPal’s PYUSD stablecoin via LayerZero, strengthening its position as the top stablecoin network with $21T+ in transfers.
- TRX price climbed 3% to $0.35, breaking above its 7-day SMA with a golden cross and positive MACD signals.
- Key resistance is at $0.372, while losing $0.34 support could send TRX back toward $0.31.
Tron’s TRX token pushed past $0.35 on Thursday, finally shaking off four straight days of red candles. The move came right after the Fed’s first rate cut of the year, but the real spark was Tron’s fresh partnership with LayerZero. Together, they rolled out PayPal’s PYUSD stablecoin on the Tron network, giving the token a much wider reach. For investors, it’s a double jolt—macroeconomic relief plus a high-profile integration that cements Tron’s growing role in the stablecoin space.
PayPal Meets LayerZero on Tron
In their joint announcement, Tron and LayerZero confirmed PYUSD’s deployment via the Omnichain Fungible Token standard. The goal: let PayPal’s dollar-pegged token flow across multiple networks, faster and with more flexibility. Tron’s Justin Sun called it a milestone for accessibility, while LayerZero’s Bryan Pellegrino highlighted how stablecoins like PYUSD strengthen the dollar’s global grip at a time when rivals push de-dollarization. Beneath the lofty statements, the point is simple: PayPal’s stablecoin now runs on the world’s busiest stablecoin chain.
Technicals Flip Bullish
The price action lined up neatly with bullish signals on the charts. TRX climbed back above its 7-day simple moving average, which has now crossed over both the 30- and 50-day SMAs—a golden cross that often kicks off strong upside trends. The MACD also flipped positive, adding weight to the rebound case. If buyers hold momentum, analysts are watching $0.372 as the next ceiling to crack. On the flip side, if TRX fails to keep $0.34 intact, a slide back toward $0.31 could be in play.
Market Context
Despite the positive catalysts, Tron’s gains lagged behind some peers. Solana, Cardano, and Dogecoin all notched bigger daily wins, while Bitcoin struggled to clear a wall of short positions near $118k. Still, Tron’s role as the largest stablecoin transfer network—already processing over $21 trillion since launch—gives the PYUSD rollout extra weight. Combined with a recent community-approved 60% fee cut, Tron seems determined to stay ahead in the race for stablecoin dominance.
The post Tron Rides PayPal Stablecoin Launch as TRX Price Breaks Higher first appeared on BlockNews.
Read More