Justin Sun has said that the USDD stablecoin would get bolstered with stable and unstable assets. It includes decentralized stablecoins to ensure its stability. Cryptocurrency payment should use $USDD as the new payment currency. 🌐Built on the back of #TRON’s thriving stablecoin ecosystem, #USDD will be over-#collateralized by a combination of stable and volatile assets #decentralized #stablecoin (#CDS). 🛡We want $USDD to be the new settlement currency of #crypto.https://t.co/2Au2opIMhR — H.E. Justin Sun 🅣🌞🇬🇩 (@justinsuntron) June 1, 2022 Significance of the USDD Stablecoin Decentralized stablecoins are difficult to come by. Nonetheless, despite the recent developments, they’re optimistic about their prospects. After seeing Terra’s rise, they got the inspiration to create the USDD stablecoin. Circulating UST volume outstripped all other competitors by double at its zenith. Terra seemed to win the stablecoin war while UST was in danger. Despite the LFG’s best attempts, most of UST’s collateral assets were LUNA. BTC accounted for below 15% of UST. Over the past 2 weeks, we’ve seen the ramifications of these blunders. They built a superior decentralized stablecoin. But they had to consider the issues UST experienced and benefit from them. In contrast to Terra, the TRON blockchain has the world’s greatest trading USDT supply. On-chain, TRON has the most stablecoin supply. They’ve had tremendous success and acceptance in thei...
SEC Hosts First-Ever Crypto Roundtable Today
