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. đBuilt on the back of #TRONâs thriving stablecoin ecosystem, #USDD will be over-#collateralized by a combination of stable and volatile assets #decentralized #stablecoin (#CDS). đĄWe want $USDD to be the new settlement currency of #crypto.https://t.co/2Au2opIMhR â H.E. Justin Sun đ
ŁđđŹđ© (@justinsuntron) June 1, 2022 Significance of the USDD Stablecoin Decentralized stablecoins are difficult to come by. Nonetheless, despite the recent developments, theyâre optimistic about their prospects. After seeing Terraâs 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 LFGâs best attempts, most of USTâs collateral assets were LUNA. BTC accounted for below 15% of UST. Over the past 2 weeks, weâve 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 worldâs greatest trading USDT supply. On-chain, TRON has the most stablecoin supply. Theyâve had tremendous success and acceptance in thei...
