Tron’s New Stablecoin, $USDD, Takes After Terra’s In Everything But Name. Will it Suffer the Same Downfall?
Last month, TRON Founder Justin Sun announced the $USDD stablecoin. It was Sun’s, and perhaps TRON’s answer, to the chain’s long-lasting and endemic reliance on the controversial Tether ($USDT) stablecoin.
$USDD was unlike $USDT in many ways, though: namely, it would use the Tron chain’s crypto ($TRX) to maintain its $1.00 peg. Users would be able to swap for $USDD and then stake it for “risk-free yields” of 30%.