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Blockchain News

TRON Partners MoonPay For US Expansion, TRX Price Rebounds

TRX is already listed on over 130 exchanges and has a market capitalization of more than $23 billion as of April 2025.

Written By Jalpa Bhavsar
Fact Checked by Jahnu Jagtap
Published May 8, 2025 1:41 AM·Updated 1 year ago
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TRON Partners MoonPay For US Expansion, TRX Price Rebounds

TRON DAO has partnered with MoonPay, a renowned crypto payment provider, to make it easier for US customers to purchase TRX, the TRON blockchain’s native token. This new partnership is a major step forward in TRON’s objective to make blockchain technology more accessible and widely used in global financial systems.

TRON and MoonPay Team Up
TRON and MoonPay Team Up, Source: X

As of now, U.S. users can purchase TRX directly on the MoonPay platform, which acts as a simple gateway between traditional money and cryptocurrencies. This gives American users easy access to TRON’s fast-growing decentralized ecosystem, where over 8.3 million transactions happen every day.

TRX is already listed on over 130 exchanges and has a market capitalization of more than $23 billion as of April 2025, ranking it among the top cryptocurrencies worldwide.

MoonPay’s CEO, Ivan Soto-Wright, expressed optimism about the collaboration, citing TRON’s outstanding performance in areas such as decentralized finance (DeFi), stablecoins, and powering innovative blockchain applications. He explained that this is just the beginning of a larger relationship with TRON.

Sam Elfarra, a spokesperson for TRON DAO, also welcomed the integration, calling it a big win for TRON’s expansion in the U.S. market. He believes having a reliable and instant payment platform like MoonPay onboard supports TRON’s goal to become a major global payment network.

TRON has also made headlines for maintaining the second-largest supply of USDT, one of the most widely used dollar-backed stablecoins. TRON’s overall USDT supply just hit an all-time high of $71.9 billion, illustrating the strength of the platform in blockchain-based payments, especially in developing nations and cross-border payments.

Despite a wider crypto market collapse, the TRX price has been somewhat resilient. From a December 2024 high of $0.4407, the token has held fairly steadily and now sits at the $0.24 level. Moreover, after the announcement today, TRX price rebounded from an intraday low of $0.2437 to $0.2480 at the time of writing on Wednesday, May 7.

This collaboration between TRON and MoonPay is indicative of major crypto players uniting to drive digital assets toward being more available and convenient to use in their day-to-day applications.

Also Read: Tron Price Teases Bullish Reversal, TRX Crypto to Hit $0.30?

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Tron (TRX)United States
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