Tron founder Justin Sun announced that Decentralized USD (USDD), a stablecoin introduced in 2022, has reached $170 million in net staking volume. The asset aims to target the top 100 cryptocurrencies by market cap and is already challenging established stablecoin competitors. Sun also revealed that the next milestone for USDD is to reach $200 million in staking. USDD 2.0, an advanced version of the stablecoin, was introduced a week earlier with enhanced peg stability protection. USDD's market capitalization currently exceeds $730 million, making it the 10th largest stablecoin. It has also surpassed Tether Gold's market cap and is close to entering the top 100 crypto assets by market cap.



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