{"id":488590,"date":"2022-04-21T16:42:11","date_gmt":"2022-04-21T16:42:11","guid":{"rendered":"https:\/\/wncen.com\/?p=488590"},"modified":"2022-04-21T16:42:11","modified_gmt":"2022-04-21T16:42:11","slug":"tron-joins-stablecoin-wars-will-launch-usdd-with-30-apy-here-is-when","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/tron-trx\/tron-joins-stablecoin-wars-will-launch-usdd-with-30-apy-here-is-when\/","title":{"rendered":"TRON Joins Stablecoin Wars Will Launch USDD With 30% APY, Here Is When"},"content":{"rendered":"

Founder of TRON Justin Sun announced<\/a> the launch of an algorithm stablecoin on this network. Called USDD, the digital asset will be deployed on May 5, 2022, and will offer users a basic \u201crisk-free\u201d interest rate of 30% annual percentage yield (APY).<\/p>\n

Related Reading |\u00a0TA: Bitcoin Technicals Suggest Bulls Aim Sharp Move Above $42K<\/a><\/strong><\/p>\n

The stablecoin will be available on TRON, but users can access it from Ethereum and the Binance Smart Chain. According to the open letter, the digital asset will be launched in partnership with \u201cmajor blockchain players\u201d and will be \u201cthe most decentralized stablecoin in human history\u201d. Sun said:<\/p>\n

TRON is starting a self-imposed revolution, pooling all its resources to create USDD, a fully decentralized stablecoin underpinned by mathematics and algorithms, bringing the development of stablecoin to the next level.<\/p><\/blockquote>\n

The stablecoin will be managed by the TRON DAO and \u201cother major blockchain institutions\u201d and will maintain a 1:1 pegged to the U.S. dollar with, as Sun explained, \u201cproper algorithms in a decentralized manner\u201d and \u201cby applying mathematics\u201d.<\/p>\n

The stablecoin will operate with a similar mechanism to Terra\u2019s UST. Users will be able to redeem 1 USDD for 1 USD worth of TRX when the stablecoin drops below its peg. They can do the opposite if the price of the stablecoin rises about its $1 pegged.<\/p>\n

The stablecoin will follow a four-stage roadmap. The first stage will be called Space, the following International Space Station (ISS), then Moon, and finally Mars. Sun only provided details on the first two stages which mainly centered around USDD\u2019s management and the strategies that will try to keep the stablecoin\u2019s pegged.<\/p>\n

What\u2019s TRON Ultimate Goal With Their Stablecoin?<\/h2>\n

The launch of TRON\u2019s stablecoin is part of a \u201cself-imposed revolution\u201d that will take these digital assets to their next stage, according to Sun. This movement is supposed to provide users with a way out of the centralized system. Sun wrote:<\/p>\n

The decentralized stablecoin USDD will free holders from central authorities’ arbitrary impositions and eliminate all entry barriers. Unlike centralized institutions that may freeze or confiscate users’ funds at will, decentralized stablecoins effectively safeguard private property rights.<\/p><\/blockquote>\n

TRON claims that it wants to provide \u201cequitable\u201d access to financial services for people around the world. In that sense, Sun said TRON will be \u201cone of the strongest cornerstones for the fifth freedom of humanity\u201d.<\/p>\n

This announcement has caused controversy in the crypto community. Some users accused Sun of copying Terra\u2019s UST model.<\/p>\n

The founder of Terra and CEO at Terraform Labs, Do Kwon, welcomed the initiative and hinted at a potential partnership with TRON.<\/p>\n

At the time of writing, TRON trades at $0.07 with a 15% rally in the last 24-hours. The cryptocurrency is possibly reacting to the announcement and the general sentiment in the market.<\/p>\n

Related Reading |\u00a0TA: Ethereum Could Stage Strong Rally If It Clears This Key Resistance<\/a><\/strong><\/p>\n

If launched successfully, USDD will provide its users with the largest APY for staking a stablecoin in the crypto ecosystem. This would surpass Terra\u2019s Anchor Protocol’s 19% APY, and the upcoming NEAR\u2019s 20% APY, if it launches.<\/p>\n

\"TRON
TRON on a rally on the 4-hour chart. Source: TRXUSDT Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Founder of TRON Justin Sun announced the launch of an algorithm stablecoin on this network. Called USDD, the digital asset will be deployed on May 5, 2022, and will offer users a basic \u201crisk-free\u201d interest rate of 30% annual percentage yield (APY). Related Reading |\u00a0TA: Bitcoin Technicals Suggest Bulls Aim Sharp Move Above $42K The stablecoin will be available on TRON, but users can access it from Ethereum and the Binance Smart Chain. According to the open letter, the digital asset will be launched in partnership with \u201cmajor blockchain players\u201d and will be \u201cthe most decentralized stablecoin in human history\u201d. Sun said: TRON is starting a self-imposed revolution, pooling all its resources to create USDD, a fully decentralized stablecoin underpinned by mathematics and algorithms, bringing the development of stablecoin to the next level. The stablecoin will be managed by the TRON DAO and \u201cother major blockchain institutions\u201d and will maintain a 1:1 pegged to the U.S. dollar with, as Sun explained, \u201cproper algorithms in a decentralized manner\u201d and \u201cby applying mathematics\u201d. The stablecoin will operate with a similar mechanism to Terra\u2019s UST. Users will be able to redeem 1 USDD for 1 USD worth of TRX when the stablecoin drops below its peg. They can do the opposite if the price of the stablecoin rises about its $1 pegged. The stablecoin will follow a four-stage roadmap. The first stage will be called Space, the following International Space Station (ISS), then Moon, and finally Mars. Sun only provided details on the first two stages which mainly centered around USDD\u2019s management and the strategies that will try to keep the stablecoin\u2019s pegged. What\u2019s TRON Ultimate Goal With Their Stablecoin? The launch of TRON\u2019s stablecoin is part of a \u201cself-imposed revolution\u201d that will take these digital assets to their next stage, according to Sun. This movement is supposed to provide users with a way out of the centralized system. Sun wrote: The decentralized stablecoin USDD will free holders from central authorities’ arbitrary impositions and eliminate all entry barriers. Unlike centralized institutions that may freeze or confiscate users’ funds at will, decentralized stablecoins effectively safeguard private property rights. TRON claims that it wants to provide \u201cequitable\u201d access to financial services for people around the world. In that sense, Sun said TRON will be \u201cone of the strongest cornerstones for the fifth freedom of humanity\u201d. This announcement has caused controversy in the crypto community. Some users accused Sun of copying Terra\u2019s UST model. The founder of Terra and CEO at Terraform Labs, Do Kwon, welcomed the initiative and hinted at a potential partnership with TRON. At the time of writing, TRON trades at $0.07 with a 15% rally in the last 24-hours. The cryptocurrency is possibly reacting to the announcement and the general sentiment in the market. Related Reading |\u00a0TA: Ethereum Could Stage Strong Rally If It Clears This Key Resistance If launched successfully, USDD will provide its users with the largest APY for staking a stablecoin in the crypto ecosystem. This would surpass Terra\u2019s Anchor Protocol’s 19% APY, and the upcoming NEAR\u2019s 20% APY, if it launches.<\/p>\n","protected":false},"author":535,"featured_media":453005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83383],"tags":[11808,82845],"class_list":["post-488590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tron-trx","tag-tron","tag-tronusdt"],"acf":[],"yoast_head":"\nTRON Joins Stablecoin Wars Will Launch USDD With 30% APY<\/title>\n<meta name=\"description\" content=\"Founder of TRON Justin Sun announced the launch of an algorithm stablecoin on this network. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"TRON Joins Stablecoin Wars Will Launch USDD With 30% APY, Here Is When","url":"http:\/\/wncen.com\/news\/tron-trx\/tron-joins-stablecoin-wars-will-launch-usdd-with-30-apy-here-is-when\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/tron-trx\/tron-joins-stablecoin-wars-will-launch-usdd-with-30-apy-here-is-when\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/tron-image.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/tron-image.png?fit=1280%2C720"},"articleSection":"Tron","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["tron","tronusdt"],"dateCreated":"2022-04-21T16:42:11Z","datePublished":"2022-04-21T16:42:11Z","dateModified":"2022-04-21T16:42:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"TRON Joins Stablecoin Wars Will Launch USDD With 30% APY, Here Is When\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/tron-trx\\\/tron-joins-stablecoin-wars-will-launch-usdd-with-30-apy-here-is-when\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/tron-trx\\\/tron-joins-stablecoin-wars-will-launch-usdd-with-30-apy-here-is-when\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/tron-image.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/tron-image.png?fit=1280%2C720\"},\"articleSection\":\"Tron\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"tron\",\"tronusdt\"],\"dateCreated\":\"2022-04-21T16:42:11Z\",\"datePublished\":\"2022-04-21T16:42:11Z\",\"dateModified\":\"2022-04-21T16:42:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/12\/tron-image.png?fit=1280%2C720","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/488590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=488590"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/488590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/453005"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=488590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=488590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=488590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}