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Tron Crypto Outperforms Amid Plan for Decentralized Stablecoin

Justin Sun 
Justin Sun Photographer: Fan Kar-Long/Bloomberg

The Tron cryptocurrency outperformed on Friday, buoyed by a plan for a decentralized algorithmic stablecoin. 

Tron’s TRX gained 10% in the past 24 hours as of 9:40 a.m. in Hong Kong according to pricing data from CoinGecko, while most of the other top tokens such as Bitcoin and Ether were down slightly. TRX is now the 24th biggest crypto by market cap.