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Ethereum World News
2022-06-01 18:41:42

Tron’s Justin Sun Believes USDD Will Be the New Settlement Currency of Crypto, Cites Lessons from UST’s Collapse

Tron’s Justin Sun Believes USDD Will Be the New Settlement Currency of Crypto, Cites Lessons from UST’s Collapse

Summary: Tron’s Justin Sun wants the new USDD stablecoin ‘to be the new settlement currency of crypto.’ He has stated that Tron’s USDD stablecoin will be overcollateralized. Tron hosts the largest supply of stablecoins, including USDT issued on its chain. Justin Sun states that USDD will learn from UST’s collapse by allowing organic growth of the stablecoin with transparent and overcollateralized reserves. USDD will eventually expand to other chains. The founder and former CEO of Tron, Justin Sun, has stated […]

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