Tron founder Justin Sun has announced that the network's priority in Q4 2024 will be upgrading the USDD stablecoin to make it the best decentralized stablecoin in terms of market cap and trading volume. Sun highlighted the current market cap and liquidity depth of Tron and stated that this is the perfect time to relaunch USDD. Tron expects its valuation to grow to $30 billion, allowing the network to comfortably support a stablecoin with a market cap of $3 billion. Sun assured the community that technical safeguards have been implemented to prevent cascading liquidations, although details were not provided at this stage. Specific release parameters will be provided to ensure transparency and trust in the upgraded USDD.
- Content Editor ( cryptonews.net )
- 2024-10-28
Justin Sun Announces Q4 Plan to Upgrade USDD on Tron Network to Support Stablecoin Market