Tron’s new algorithmic stablecoin USDD has officially gone live on the blockchain, according to a spokesperson for the company.
The stablecoin — similar in almost every way to Terra’s UST — is designed to incentivize arbitrageurs to keep its price closely pegged to that of the US dollar, through trading between TRX, Tron’s token, and USDD. Like Terra, Tron has also signalled its intent to establish a reserve of $10 billion in bitcoin and other cryptocurrencies to support the new stablecoin.
Tron unveiled its plan to roll out USDD on April 21. According to the announcement, the stablecoin will be available on Ethereum and BNB Chain via the BitTorrent network’s cross-chain protocol.
In an interview, Tron founder Justin Sun told The Block that he sees USDD as becoming “just like bitcoin” — except that its price, in theory, will be aligned with that of the US dollar. Both he and Terra founder Do Kwon have spoken of their desire to build stablecoins that are resistan
We współpracy z: https://www.theblockcrypto.com/post/145231/trons-new-stablecoin-usdd-goes-live?utm_source=rss&utm_medium=rss
