CandleFocus Justin Sun Announces Q4 Plan to Upgrade USDD on Tron Network to Bolster Stablecoin Market
2024-10-28
Author: Content Editor
Tron's founder, Justin Sun, announced that the network's top priority in Q4 of 2024 is to upgrade the USDD stablecoin. The goal is to make USDD the top decentralized stablecoin by market capitalization and trading volume. Tron's current market cap is over $16 billion with $200 million in liquidity depth, providing an ideal timing for USDD's relaunch. The upgrade will prioritize transparency and offer full visibility for reward accounts and issuance parameters. TRX will be used as collateral, generating an annualized yield of over 10%. Tron's annual on-chain revenue and token burn mechanism will support USDD's growth and stability. Bitcoin will also be incorporated as additional collateral for USDD. The developments aim to bolster USDD's role in the DeFi space.
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