1H
0.01%$0.0001
24H
-0.01%$0.0001
7D
0.00%$0.0000
30D
0.09%$0.0009
USDD 2.0 is now live on the Tron blockchain and comes with a 20% APY for investors.
Pressure continues to mount on stablecoins given the current situation that has seen three major crypto-backing banks collapse in the past few days.
The price of TRX benefitted from a committed move by the TRON DAO to shield its USDD stablecoin from collapsING following the recent dip.
The Tron DAO Reserve will work towards offering strong support to USDD.
Tron accelerates its plan to collateralize its native USDD stablecoin. Tron will use three separate crypto – Bitcoin, USDT, and TRX – as a way to diversify their reserves.
USDD is a cryptocurrency issued by the TRON DAO Reserve with a stable price and diverse use cases. It will have a built-in incentive mechanism and a responsive monetary policy, which will allow USDD to self-stabilize against any price fluctuations, and help consolidate the value of USDD as a true settlement currency. Also, a decentralized currency protocol with a stable price will expand use cases for cryptocurrency, making it truly accessible with far-reaching implications for the blockchain space and the real economy.
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