Dominica has chosen TRON as the national blockchain to issue the country’s official currency

[PRESS RELEASE – Roseau, Dominica, 12th October 2022]

TRON, one of the leading public blockchains, is partnering with the Commonwealth of Dominica to develop and issue the Dominica Currency (DMC). The partnership represents an important step forward by the eastern Caribbean nation, which passed the Business Virtual Assets Act in Parliament earlier this year.

The Prime Minister of Dominica, Dr. Roosevelt Skerritt.

DMC is a blockchain-based fan token that aims to raise awareness of Dominica’s natural heritage as well as help promote tourist attractions on a global scale. Its creation marks a milestone in Dominica’s journey towards the future envisioned by its Prime Minister, which includes robust infrastructure, a more diversified agricultural footprint and innovative development to welcome entrepreneurial imagination. Traditionally a tourism paradise, their new vision aims to welcome more than just visitors to their Caribbean.

“The open and cost-effective nature of the TRON blockchain infrastructure will play an important role in better integrating small island nations like Dominica into the global economy in the future,” Prime Minister Roosevelt Skerrit emphasized.

As the Permanent Representative of Grenada to the World Trade Organization and founder of TRON, His Excellency Justin Sun promotes the development of e-commerce and blockchain technology in the Caribbean, with the hope of increasing their participation in the broader global economy. “The TRON team and I are delighted that Prime Minister Roosevelt Skerritt trusts TRON to develop the blockchain infrastructure that will enable them to participate in the decentralized financial future,” Sun said. “We hope this is the first of many technology partnerships to come with sovereign governments.”

Advocating for Dominica’s vision for their future has been an exciting task for Tron. This is the first time that a major public blockchain has collaborated with a sovereign country to develop the national blockchain infrastructure. As one of the major public blockchains with over 115 million users and 4 billion transactions, TRON’s partnership with Dominica enables a number of usage scenarios and provides a solid foundation for future success.

About Tron Dao

TRON DAO is a community-driven DAO dedicated to accelerating decentralization on the internet via blockchain technology and dApps.

Founded in September 2017 by HE Justin Sun, TRON Network has continued to deliver impressive performance since the launch of MainNet in May 2018. July 2018 also saw the integration of the BitTorrent ecosystem, a leader in decentralized Web3 services with over 100 million monthly active users. TRON Network has gained incredible traction in recent years. As of October 2022, it has over 115 million total user accounts on the blockchain, over 4 billion total transactions, and over $13.2 billion in total locked value (TVL), as reported by TRONSCAN.

In addition, TRON hosts the largest trading supply of stablecoin USDT Tether (USDT) worldwide, surpassing USDT on Ethereum since April 2021. TRON completed its full decentralized network in December 2021 and is now a community-governed DAO. Recently, the decentralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the blockchain industry’s first-ever crypto reserve – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

Dominica’s publication chose TRON as the national blockchain to issue the country’s official currency which first appeared on CryptoPotato.

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