CandleFocus

Justin Sun unveils USDD 2.0 with 20% APY, stating, “Simply because we have plenty of money”

Justin Sun, founder of the TRON blockchain, announced that USDD 2.0, a decentralized stablecoin, will launch with a 20% annual percentage yield (APY) fully subsidized by TRON DAO. This comes after the initial offering of a 30% APY was lowered due to market constraints. The stablecoin currently has a market cap of $746 million and is primarily traded on TRON ecosystem decentralized exchanges as well as centralized platforms. The news of the 20% yield has drawn comparisons to high-yield offers from other stablecoins like USDe and DAI.

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