Justin Sun Is Bullish On Dubai And Stablecoins. Here Is Why.

Forbes

2 days ago

Justin Sun at Token 2049 conference in Dubai on May 1, 2025. (Photo by Giuseppe CACACE / AFP) (Photo ... More by GIUSEPPE CACACE/AFP via Getty Images)
Justin Sun, the multi-billionaire behind Tron, is doubling down on Dubai as the crypto capital of the world. With Tron's network moving an eye-popping $20 billion in stablecoins every day, Sun's enthusiasm for the UAE is a strategic move. 'Everyone who matters in crypto is already here,' he told me on the sidelines of Token2049, the largest event in crypto that brought hundreds of international speakers and 15,000 attendees.
We sat down to explore why he sees Dubai as the next frontier, how stablecoins are a cornerstone of Web3, even touched on how President Trump has become focal points of both public praise and scrutiny, as bitcoin and crypto increasingly intersects with politics, a dynamic that continues to shape the broader conversation around the industry.
'Previously, I would have pointed to Singapore as the crypto center," Sun said. "But now? It's definitely Dubai.'
He is not alone in that view. From the largest exchanges, such as Binance and ByBit, to layer-one protocols, Dubai has become the go-to jurisdiction for launching and scaling crypto ventures, outpacing traditional strongholds like Singapore and Switzerland. Sun is observing this shift and acting on it.
Tron and their affiliated businesses are in the process of securing regulatory approvals from multiple UAE virtual asset regulators, and Sun is excited to be laying roots in the region.
'We see our investments here in Dubai as pivotal for us and the entire industry,' he explained, highlighting plans to grow his team, host more events, and make the UAE a strategic anchor for Tron's global expansion.
Sun's message is clear: Dubai is the strategic headquarters of Tron's next chapter.
In addition to Dubai, Sun is also bullish on the future of stablecoins. 'In 2024, we processed around $5 trillion in stablecoins' Sun said casually. 'In 2025, we expect $7 trillion.'
Yes, trillion. And that is not total market cap, it is on-chain volume, driven mainly by USDT running on the Tron network, at a pace of $20–30 billion per day.
'We've already surpassed the volume of some of the biggest traditional finance systems such as Visa,' he said. 'And we're just getting started.'
Beyond transaction volume, Tron's growth in users is hard to ignore. With over 300 million wallets and an average of 250,000 new users per day, Tron is scaling faster than most blockchains outside of Ethereum.
What is the appeal of Tron chain for stablecoins? It is fast and it costs almost nothing. Unlike Ethereum, where a simple stablecoin transfer can set you back $10 per transfer at times, on Tron you will pay less than a cent.
'We built Tron network for the world,' Sun added. 'It's borderless, inclusive, and designed for scale.'
Sun's advisory role in the USD1 stablecoin project, tied to World Liberty Financial, has attracted attention, particularly because of the Trump family's involvement in related ventures in Dubai.
'I'm here to support them in building a robust crypto and stablecoin product,' he said. 'But this is their project. I'm just helping where I can, with no other links.' Some might see conflict in such close ties, but Sun sees alignment. In fact, he credits President Trump with bringing regulatory clarity to the United States at a time when the crypto industry was flailing in the dark.
'He's the only one who stepped up and gave clarity,' Sun said. 'And when the U.S. moves, the world watches.'
Sun's bet is that pro-crypto leadership in the U.S. will drive a new wave of global adoption, and he plans to be on the front lines, supporting this administration that backs innovation.
The stablecoin market currently stands at around $250 billion, which may sound substantial, until you realize it is a rounding error in a global fiat system worth over $130 trillion. For Sun, this is his starting block.
'What happens when we're processing $400 trillion a year on-chain?' he challenged.
His vision is clear: every major currency - USD, EUR, JPY, CNY, AED - will eventually have its blockchain-native version. And Tron intends to be the rails beneath them all.
'We're not talking about digitizing dollars,' he explained. 'We're talking about moving the world's money infrastructure to blockchain. That's the real revolution.'
When challenged about Tron's revenue streams, he said, 'Before we reach 8 billion people, we won't even think about monetization. We're building the future. Profit comes after impact.'
It is a high-stakes approach, prioritizing reach and infrastructure over revenue. But in a space that rewards early network dominance, it may prove to be the right kind of patience.
For anyone watching the evolution of money, one thing is clear: stablecoins are no longer a niche phenomenon. They are the core engine of Web3. And with chains like Tron driving volume, regulatory engagement, and infrastructure, the next wave of financial innovation will not be built by banks.
It will be built on-chain. And it will be settled, according to Justin Sun on Tron.