Hurun Report Interview with Justin Sun: New Paradigms of Value Circulation under the Web3 Transformation Cycle

Against the backdrop of the Web3 industry entering deep waters and the accelerated restructuring of global financial infrastructure, blockchain is transitioning from early exploration to large-scale application. As an authoritative institution with extensive influence in the business and investment fields, an in-depth interview by the renowned magazine Hurun Report is regarded as a significant industry bellwether. Recently, in an exclusive interview with Hurun Report, Justin Sun, founder of TRON, systematically elaborated his judgments on industry evolution and long-term value around core issues such as stablecoin payments, globalization paths, and the AI integration trend. His perspectives also reflect the crucial phase where Web3 infrastructure is moving from "feasibility validation" to "global adoption."

Stablecoins Build a Global Value Circulation Network, Web3 Infrastructure Enters Scaling Phase

In the Hurun Report interview, Justin Sun succinctly summarized his long-term core objective: "To enable anyone in the world, regardless of location or bank account access, to transfer and use their funds with low cost and high efficiency." This statement fundamentally reveals the value essence of blockchain technology — building an open and inclusive Internet of Value.

He further pointed out that after experiencing multiple bull and bear cycles, projects capable of enduring cycles must be built on real demand and practical usage. The sustained growth in on-chain user scale and transaction volume is an important basis for his judgment on industry direction. Against this backdrop, the on-chain payment system with stablecoins at its core has become the most mature and scalable application scenario.

In the Hurun Report interview, Justin Sun mentioned that TRON has rapidly developed into one of the world's largest stablecoin circulation networks, with its on-chain asset transfer volume even surpassing that of some traditional payment networks. This growth is not driven by short-term market sentiment but by continuous usage from real users in scenarios like cross-border transfers, value storage, and daily payments. Official data shows that the circulating supply of USDT on the TRON network currently exceeds $86.3 billion, reflecting robust network effects driven by genuine user demand.

In terms of structural advantages, the scalability of stablecoin payments benefits from two factors: on one hand, blockchain networks possess openness and permissionless characteristics, enabling them to reach user groups inaccessible to traditional financial systems; on the other hand, limitations in efficiency, cost, and user experience within traditional cross-border payment systems provide significant substitution space for new-generation infrastructure. Sun believes this trend is essentially a "natural substitution" of existing financial systems by technological advancement, rather than short-term competition.

Globalization Strategy and Technological Integration Advance in Tandem, Building Long-Term Competitive Advantage for Web3

When discussing enterprise growth and strategic decision-making, Sun presented a highly systematic methodology in the Hurun Report interview. He summarized the success factors as the combination of "data-driven iteration, rapid execution, and user-centric orientation," emphasizing that in a rapidly changing technological environment, single-dimensional capabilities can hardly sustain long-term competitiveness; instead, efficient trial-and-error and precise decision-making must be achieved through the synergy of these three.

At the organizational level, he proposed a management framework of "clear direction, layered support, and a sense of ownership among all members" to prevent deviation and loss of control during rapid expansion. This organizational structure emphasizing flatness and agility is seen as an important foundation for Web3 enterprises to maintain competitiveness in a highly uncertain environment.

Regarding specific key strategic decisions, Sun reflected on the case of TRON's collaboration with Tether to launch TRC-20 USDT in the Hurun Report interview. He stated that this decision was based on a comprehensive judgment of market trends, competitive landscape, and risk-reward ratio: stablecoins represent a long-term trend in financial system evolution, leading assets exhibit significant network effects, and the upside potential in this field far outweighs potential risks. This partnership has proven to be a major growth engine for the TRON ecosystem and has constructed its core competitive moat in the stablecoin domain.

Regarding global expansion, Sun emphasized that while Web3 has inherent cross-border attributes, its actual implementation still heavily depends on local compliance and cultural adaptation. In the Hurun Report interview, he noted that different markets have significant differences in regulatory frameworks, user habits, and business environments, and a project's success often hinges on the depth of understanding these differences and the ability to build local partnership networks.

Furthermore, Sun expressed clear judgment regarding AI technology development. He stated in the interview that AI is not merely a tool upgrade but a reconstruction of "thinking and decision-making capabilities." Its integration with blockchain in areas like data, computing power, and intelligent execution will be an important direction for the next phase of technological evolution. Blockchain provides decentralized infrastructure for AI, while AI enhances the intelligence and user experience of blockchain systems; the fusion of the two possesses long-term strategic value.

Addressing industry participants and young entrepreneurs, the core advice Sun offered in the Hurun Report interview is: in a highly uncertain environment, continuous learning and rapid adaptation are the most crucial capabilities. Simultaneously, one should focus investments and build irreplaceable core strengths based on an understanding of the industry's overall picture, rather than dispersing resources across multiple tracks.

Transitioning from early-stage technical validation and market exploration, to the large-scale application phase represented by stablecoins, and extending towards AI integration and global compliant implementation. In this process, TRON is continuously advancing the realization and evolution of the Internet of Value through infrastructure capabilities, globalization strategy, and technological foresight.