TRON Joins JCBA (Japan Cryptoasset Business Association)

By Chainwire

August 16, 2023 – Geneva, Switzerland

TRON DAO (‘TRON’) is pleased to announce that it has joined the JCBA (Japan Cryptoasset Business Association) as an associate member starting from August 1, 2023.

As a leading global blockchain, TRON is committed to building cooperation and collaboration with other JCBA members to promote the growth of the crypto industry in Japan and all across Asia.

Established in 2016, JCBA is a Japanese-based association for stakeholders within the Web 3.0 ecosystem.

It aims to foster a promising environment for the development of digital assets, including cryptocurrencies, NFTs and stablecoins.

Currently, JCBA has 134 members from both Web 3.0 and traditional industries based in Japan and internationally.

By joining as an associate member of JCBA, TRON strives to closely collaborate with the Japanese market and contribute to JCBA’s vision by leveraging TRON’s efficient network and robust userbase.

About TRON DAO

TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and DApps.

Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since mainnet launch in May 2018.

July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web 3.0 services boasting over 100 million monthly active users.

The TRON network has gained incredible traction in recent years.

As of August 2023, it has over 179.1 million total user accounts on the blockchain, more than 6.3 billion total transactions and over $13 billion in TVL (total value locked), as reported on TRONSCAN.

In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021.

The TRON network completed full decentralization in December 2021 and is now a community-governed DAO.

Most recently, in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure.

On top of the government’s endorsement to issue Dominica Coin (‘DMC’), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT and TUSD – have been granted statutory status as authorized digital currency and medium of exchange in the country.

About JCBA

The JCBA (Japan Cryptoasset Business Association) was established in 2016 as a membership organization for stakeholders in the public blockchain and Web 3.0 ecosystems who conduct business related to crypto assets, NFTs, stablecoins and other digital assets in Japan, with the goal of improving the environment.

Visit the website here.

Contact

Hayward Wong, TRON

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Check out the Latest Industry Announcements