{"id":60479,"date":"2022-04-22T10:52:12","date_gmt":"2022-04-22T07:52:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60479"},"modified":"2025-09-05T03:31:53","modified_gmt":"2025-09-05T00:31:53","slug":"tron-to-launch-algorithmic-stablecoin-usdd","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tron-to-launch-algorithmic-stablecoin-usdd\/","title":{"rendered":"TRON to launch algorithmic stablecoin USDD"},"content":{"rendered":"<p>On May 5, TRON developers will launch the algorithmic stablecoin USDD backed by a native TRX token and the equivalent of $10 billion in highly liquid assets, according to <a href=\"https:\/\/twitter.com\/justinsuntron\/status\/1517143091722940417\">Justin Sun<\/a>, head of the Tron Foundation, who stated this.<\/p>\n<p>USDD, in its algorithmic design, mirrors the Terra Labs model of the stablecoin UST. The reserve structure is not disclosed.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abWhen the price of USDD falls below $1, users and arbitrageurs will be able to send 1 USDD into the system and receive $1 equivalent in TRX. When the price of USDD exceeds $1, it will be sensible to convert the $1 equivalent in TRX to 1 USDD. Regardless of market volatility, the protocol will maintain the peg of USDD to $1 in a 1:1 ratio in a decentralised manner via algorithms\u00bb<\/em>, Sun explained.<\/p>\n<\/blockquote>\n<p>Around TRON, the asset will also be available on Ethereum and BNB Chain via the BitTorrent Chain cross-chain bridge.<\/p>\n<p>The stablecoin will be managed by the TRON DAO. According to Sun, the organisation will offer an annual yield on USDD of about 30%.<\/p>\n<p>It is envisaged that decentralized and centralized entities will be invited to integrate USDD into their products, maintaining a consistent interest-rate policy.<\/p>\n<p>Sun stressed that USDD would protect property rights, excluding the possibility of freezing or confiscation.<\/p>\n<p>Development of USDD envisions four phases: <strong>1.0 Space, 2.0 ISS, 3.0 Moon and 4.0 Mars<\/strong>. Details are not disclosed.<\/p>\n<p>Terraform Labs founder Do Kwon has voiced support for USDD.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u00abDecentralized economies deserve decentralized money \u2014 every blockchain will run on decentralized stablecoins,\u00bb<\/em> he predicted.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">. <a href=\"https:\/\/twitter.com\/trondao?ref_src=twsrc%5Etfw\">@trondao<\/a> is launching an algorithmic stablecoin with mint-and-burn mechanics called <a href=\"https:\/\/twitter.com\/search?q=%24USDD&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$USDD<\/a> \u2014 mint and burn TRX, redeem against TRX<\/p>\n<p>Decentralized economies deserve decentralized money \u2014 every blockchain will run on dect. stables soon <\/p>\n<p>\ud83d\udc4f <a href=\"https:\/\/twitter.com\/justinsuntron?ref_src=twsrc%5Etfw\">@justinsuntron<\/a> <a href=\"https:\/\/t.co\/R4xuwtva6O\">https:\/\/t.co\/R4xuwtva6O<\/a><\/p>\n<p>\u2014 Do Kwon \ud83c\udf15 (@stablekwon) <a href=\"https:\/\/twitter.com\/stablekwon\/status\/1517130755071442947?ref_src=twsrc%5Etfw\">April 21, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Earlier in March 2021, Do Kwon took on a $11 million challenge from users who doubted the stability of LUNA, which underpinned UST.<\/p>\n<p>In April, Terra\u2019s UST eclipsed Binance USD by market capitalization.<\/p>\n<p>Earlier, speculations arose about Near\u2019s planned launch of an algorithmic stablecoin USN.<\/p>\n<p> Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 5, Tron developers will launch the algorithmic stablecoin USDD backed by a native TRX token and the equivalent of $10 billion in highly liquid assets, according to Justin Sun, head of the Tron Foundation.<\/p>\n","protected":false},"author":1,"featured_media":60480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[807,951,1660],"class_list":["post-60479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-tron","tag-usdd-stablecoin"],"aioseo_notices":[],"amp_enabled":true,"views":"43","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60479"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60479\/revisions"}],"predecessor-version":[{"id":60481,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60479\/revisions\/60481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60480"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}