{"id":26097,"date":"2022-05-05T11:00:53","date_gmt":"2022-05-05T15:00:53","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26097"},"modified":"2022-05-05T11:01:01","modified_gmt":"2022-05-05T15:01:01","slug":"tron-dao-new-algorithmic-stablecoin-usdd-goes","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/tron-dao-new-algorithmic-stablecoin-usdd-goes\/","title":{"rendered":"TRON DAO New Algorithmic Stablecoin USDD Goes Live"},"content":{"rendered":"\n
The founder of TRON<\/a> announced on Twitter that the TRON DAO Reserve has rolled out a decentralized stablecoin named USDD<\/h5>\n\n\n\n
\"TRON
TRON DAO New Algorithmic Stablecoin USDD Goes Live <\/figcaption><\/figure>\n\n\n\n

It was announced on Twitter by Justin Sun, who is the founder of TRON, that the TRON DAO Reserve had created a decentralized stablecoin called USDD. It has been listed so far on Sunswap and other exchanges. It has a total supply of one hundred million. <\/p>\n\n\n\n

There are now almost twenty million BSC and Ethereum coins in circulation, thanks to the cross-chain protocol BTTC.<\/p>\n\n\n\n

TRON Launches Stablecoin USDD <\/h2>\n\n\n\n

USDD is a cryptocurrency made by the TRON DAO<\/a> Reserve. It has a very stable price and can be used for many different things. <\/p>\n\n\n\n

Dollars are pegged at 1:1 to the US dollar, which means that no matter how the market moves, the USDD protocol will keep USDD stable against the US dollar through proper algorithms in a decentralized way. It's based on TRON. <\/p>\n\n\n\n

USDD, like other TRC-20 tokens, can be traded without the help of a broker. It all comes down to the smart contracts<\/a> on the TRON network. USDD is better at being a stablecoin because it doesn't have to be controlled by anyone or anything. <\/p>\n\n\n\n

People who own USDD, which is a fast, low-cost crypto asset with a lot of supply and that can be used for cross-border transactions, get to enjoy all the benefits of blockchain technology without having to worry about it fluctuating.<\/p>\n\n\n\n

Blockchain Is Now Ushering Into Stablecoin 3.0 Era<\/h2>\n\n\n\n

The TRON-based decentralized stablecoin USDD\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> was created with the goal of building a new financial system on the blockchain. Its permissions are controlled by the TRON DAO Reserve, which serves as its early guardian. <\/p>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Also, the TRON DAO Reserve keeps the price of USDD stable and decentralized by collateralizing this cryptocurrency with reserves. <\/p>\n\n\n\n

This group wants to protect the whole blockchain industry and the crypto market, stop panic trading when there are financial crises, and avoid severe and long-term economic downturns. <\/p>\n\n\n\n

In order to keep stablecoin exchange rates on TRON and other blockchains the same, it sets risk-free interest rates for stablecoins and makes sure there is enough money in the market through liquidity. <\/p>\n\n\n\n

Also, it wants to write and implement monetary and exchange rate policies, act as a lender of last resort to reduce systemic risks and keep the financial market safe and stable.<\/p>\n\n\n\n

Justin Sun, the founder of TRON, tweeted an open letter on April 21 saying that the TRON DAO Reserve, at its start, would hold the $10 billion worth of highly liquid assets raised from the people who started the blockchain industry as an early-stage reserve. <\/p>\n\n\n\n

\n

\ud83d\udcb8The @usddnetwork<\/use><\/svg><\/span><\/a> will provide custody service for the $10B worth of highly liquid assets raised from blockchain industry initiators and use them as an early-stage reserve.

\u2696\ufe0fThe @trondaoreserve<\/use><\/svg><\/span><\/a> will set its basic risk-free interest rate to 30% per annum.#USDD<\/use><\/svg><\/span><\/a> #TRONDAOReserve<\/use><\/svg><\/span><\/a> pic.twitter.com\/HrYeGmwWp0<\/use><\/svg><\/span><\/a><\/p>— H.E. Justin Sun \ud83d\udc68\u200d\ud83d\ude80 \ud83c\udf1e (@justinsuntron) April 21, 2022<\/use><\/svg><\/span><\/a><\/blockquote>

All of this money would go to the TRON DAO Reserve in six to twelve months. The Reserve will keep bringing in more liquidity assets so that it can do a better job of being a decentralized group.<\/p>\n\n\n\n

World's Largest Stablecoin Network<\/h2>\n\n\n\n

TRON<\/a> has grown a lot in four years. It now has more than 88 million users and 3 billion transactions in its ecosystem. There are now more TRC-20 USDT in circulation than there are ERC-20 USDT. <\/p>\n\n\n\n

This makes TRON the world's largest stablecoin network, with over $55 billion worth of financial assets, including on-chain stablecoins. It has also settled and cleared $4 trillion worth of assets. <\/p>\n\n\n\n

It was in December 2021 that the TRON network became completely decentralized and was restructured into the largest decentralized autonomous organization (DAO) in the world, the TRON DAO group.<\/p>\n\n\n\n

Justin Sun Is Grenada Ambassador, Permanent Representative To WTO<\/h2>\n\n\n\n

Grenada<\/a> officially named Justin Sun as its Ambassador and Permanent Representative to the WTO at the end of 2021. He was able to represent Grenada at WTO meetings during his term. <\/p>\n\n\n\n

Justin said that he would work to make sure that cryptocurrencies and sovereign states work together to build a new financial system that is safe, efficient, and inclusive. <\/p>\n\n\n\n

With his experience in the digital currency field, he would also work with other people in the post-pandemic world to find a way to solve new problems with digital transformation in the post-pandemic era.<\/p>\n","protected":false},"excerpt":{"rendered":"

The founder of TRON announced on Twitter that the TRON DAO Reserve has rolled out a decentralized stablecoin named USDD It was announced on Twitter by Justin Sun, who is the founder of TRON, that the TRON DAO Reserve had created a decentralized stablecoin called USDD. It has been listed so far on Sunswap and […]<\/p>\n","protected":false},"author":29,"featured_media":26099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[5508,6097,8174],"class_list":["post-26097","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-blockchain-2","tag-stablecoin-2","tag-tron-dao"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/TRON-DAO-New-Algorithmic-Stablecoin-USDD-Goes-Live.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26097"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26097\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/26099"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}