Similar to Terraform Labs' UST stablecoin, Justin Sun said Tron will launch such an asset backed by cryptocurrency holdings.
Similar to Terraform Labs’ UST stablecoin, Justin Sun said Tron will launch such an asset backed by cryptocurrency holdings.
According to the Tron founder, USDD will not rely on any centralized entity for storage, redemption, or management but will be instead issued in a decentralized manner and will be pegged to Tron’s native token TRX. An excerpt from the letter said: Sun added that the stablecoin’s algorithm will maintain its stability against the US dollar despite market volatility.
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