
TRON Founder Justin Sun Unveils USDD 2.0, Promising 20% APY Returns
USDD 2.0 is now live on the Tron blockchain and comes with a 20% APY for investors.
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 TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON.
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.
Currently Collateralized at Over 200% with a Guaranteed Minimum Collateral Ratio of 130%.
While all other networks have lost the DeFi market share, Tron’s DeFi TVL has jumped 45% over the last amind the market crash.
According to Dustin Teander, an analyst at digital asset data platform Messari, USDD is mechanistically similar to UST in terms of minting and price stability.
H.E. Justin Sun, Founder of TRON, has announced the launch of USDD through the TRON DAO Reserve on Thursday, May 5.
The new stablecoin will be pegged to the TRX token, and stability will be maintained with the aid of mathematics and algorithms.
H.E. Justin Sun announced today that an all-new stablecoin is launching on the TRON blockchain, USDD, marking its official entry into the field of decentralized stablecoin.
JPMorgan, Intel and TrustToken-led GCO, announced the release of USD Digital (USDD), a new US dollar-backed stablecoin. Based on Ethereum, USDD is targeted at institutions, exchanges, traders, and OTC desks.