TRON's own stablecoin will be launched on May 5

Justin Sun revealed that the USDD stablecoin on the TRON blockchain will be launched on May 5, 2022.

Technologically, it will be an algorithmic token and not a classic stablecoin. Regardless of the volatility of prices in the market, 1 USDD will always give one dollar.

 

 

This token will be supported by Tron TRX. The collateral will be provided through a $10 billion block of highly liquid assets. This reserve will be managed by the Tron DAO.

In addition to the TRON network, the new stablecoin will operate on the Ethereum and Binance Smart Chain blockchains. This will be done through the BTTC cross-chain solution.

In his address, Justin Sun promised that USDD from TRON will be the most decentralized coin. Its appearance marks the advent of the era of Stablecoin 3.0.

The launch of the stablecoin will be carried out in 4 stages. The coin will not depend on centralized institutions. It will be stored, maintained and managed completely independently and decentralized.

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