USDD algorithmic stablecoin launched on Tron Network

06.05.2022 09:16
by Nina Petrov
1 min read

USDD algorithmic stablecoin launched on Tron Network

The algorithmic stablecoin USDD was released and put into circulation on the Tron network on May 5. The asset is also available on Ethereum and BNB Chain via the BTTC cross-chain protocol.

USDD is backed by the network’s native token TRX and presumably $10 billion worth of liquid assets. The stablecoin manager TRON DAO Reserve will set a “risk-free” annual interest rate of 30% for USDD returns.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

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