Tron’s leading blockchain network signed a deal with the Government of Dominica to legitimize its original codes as digital funds on the Caribbean island.
Justin Sun, founder of Tron, announced the feat by saying Dominica now accepts TRX, BTT, JST, NFT, USDD, USDT and TUSD as a form of payment.
According to the government, tax payments paid in local codes for blockchain will be accepted
It is official! All #TRON cryptos including #TRX #BTT #JST #NFT #USDD #USDT #TUSD are granted statutory status as authorized digital currency and medium of exchange in the commonwealth of Dominica effective on October 7th 2022 🇩🇲 https://t.co/p97zJkzhUe pic.twitter.com/kbejwXrkXt
— H.E. Justin Sun🌞🇬🇩🇩🇲🔥 (@justinsuntron) October 12, 2022
Tron to issue Dominica Coin
As part of the Government of Dominica’s efforts to integrate blockchain innovation into its economy, Tron will release a token called “Dominica Coin.”
Dominica Coin (DM) will be issued as a fan symbol on the Tron network to promote Dominica’s natural heritage and tourist attractions.
Dominica’s Prime Minister Roosevelt Skerrit said the move would help the nation build a more inclusive and diversified economy.
“The open and cost-effective nature of the TRON blockchain infrastructure will play a vital role to better integrate small island developing states like Dominica into the global economy in the future.”