TRON Joins Japan Cryptoasset Business Association (JCBA)
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TRON, a top blockchain company, is happy to share the news that it has become an associate member of the Japan Cryptoasset Business Association (JCBA) since August 1st, 2023. TRON aims to work together and foster partnerships with other members of JCBA to advance the crypto industry in Japan and throughout Asia.
Founded in 2016, JCBA is an association located in Japan that caters to individuals and groups involved in the Web3 community. Its primary objective is to create a supportive atmosphere for the growth and advancement of digital assets, encompassing cryptocurrencies, NFTs, and stablecoins. Presently, JCBA boasts a membership of 134 participants hailing from diverse sectors including Web3 and conventional sectors both within Japan and across the globe.
TRON aims to establish a strong partnership with the Japanese market by becoming an associate member of JCBA. Through this collaboration, TRON will utilize its efficient network and large userbase to support JCBA's vision and contribute towards its goals.
TRON decentralized autonomous organization (DAO) endeavors to expedite the decentralization of the internet through the implementation of blockchain technology and distributed applications (dApps).
In September 2017, H.E. Justin Sun established the TRON network. Since the launch of MainNet in May 2018, TRON has achieved remarkable success. Additionally, in July 2018, BitTorrent, a renowned provider of decentralized Web3 services with a user base of over 100 million active users per month, joined the TRON ecosystem. Recently, the TRON network has gained significant momentum. As of August 2023, TRONSCAN reports a total of 179.07 million user accounts on the blockchain, more than 6.26 billion transactions, and a total value locked (TVL) of $13.01 billion.
Furthermore, TRON currently holds the highest amount of USD Tether (USDT) stablecoin in circulation worldwide, surpassing USDT on the Ethereum network since April 2021. The TRON network achieved complete decentralization in December 2021 and is now governed by the community as a decentralized autonomous organization (DAO). In a recent development in October 2022, TRON was chosen as the official blockchain platform for the Commonwealth of Dominica, making it the first time a major public blockchain has partnered with a sovereign nation to establish its national blockchain infrastructure. Alongside this endorsement, the government has approved the issuance of Dominica Coin ("DMC"), a blockchain-based fan token designed to enhance Dominica's global recognition. Additionally, seven existing tokens based on the TRON network, namely TRX, BTT, NFT, JST, USDD, USDT, and TUSD, have been legally recognized as authorized digital currencies and mediums of exchange in the country.
Founded in 2016, the JCBA (Japan Cryptoasset Business Association) serves as a collective platform for individuals and organizations engaged in crypto assets, NFTs, stablecoins, and various digital assets within Japan's public blockchain and Web3.0 realms. Its primary objective centers around enhancing the overall landscape and conditions in the country.
