Tron founder Justin Sun is promoting the upcoming launch of USDD 2.0, which he claims is the only "true decentralized stablecoin" in the crypto sector. Sun highlights that USDD offers users zero risk of freezing or rug pulls and allows full control of funds with no authority to freeze or withdraw them. The majority of returns on USDD currently come from subsidies provided by TRON's decentralized autonomous organization. However, Sun's promotional tone has raised concerns among the crypto community, as little information is available about the updates in USDD 2.0. Stakeholders believe there may be a shift away from the algorithmic features and possibly a structure similar to USDJ. A beta website mentions a lending protocol and three vaults tied to different assets, indicating a more secure approach to collateralization. USDD currently ranks 9th in stablecoin market cap. Despite the promising 20% annual percentage yield (APY) for USDD 2.0, the collapse of Anchor Protocol's UST stablecoin in 2022 raises questions about the sustainability of high-yield stablecoins.



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