{"id":61024,"date":"2022-05-05T11:59:40","date_gmt":"2022-05-05T08:59:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61024"},"modified":"2025-09-05T09:40:55","modified_gmt":"2025-09-05T06:40:55","slug":"algorithmic-stablecoin-usdd-launches-on-the-tron-network","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/algorithmic-stablecoin-usdd-launches-on-the-tron-network\/","title":{"rendered":"Algorithmic stablecoin USDD launches on the TRON network"},"content":{"rendered":"<p>On May 5, the TRON network released and put into circulation the algorithmic stablecoin USDD. The asset is also available on Ethereum and BNB Chain via the cross-chain protocol BTTC.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd25 USDD on <a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&#038;ref_src=twsrc%5Etfw\">#TRON<\/a> has been issued today and entered into circulation. It is available on <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> and <a href=\"https:\/\/twitter.com\/hashtag\/BNBChain?src=hash&#038;ref_src=twsrc%5Etfw\">#BNBChain<\/a> through the BTTC cross-chain protocol.<\/p>\n<p>\ud83d\udcd1 Check out the Cross-Chain Tutorial to learn how to move your <a href=\"https:\/\/twitter.com\/hashtag\/USDD?src=hash&#038;ref_src=twsrc%5Etfw\">#USDD<\/a> across the chain \ud83d\udc47 <a href=\"https:\/\/t.co\/hqZzzwfFM2\">https:\/\/t.co\/hqZzzwfFM2<\/a><\/p>\n<p>\u2014 USDD (@usddio) <a href=\"https:\/\/twitter.com\/usddio\/status\/1522068456157622272?ref_src=twsrc%5Etfw\">May 5, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The TRON team <a href=\"https:\/\/u1f987.com\/en\/news\/tron-to-launch-algorithmic-stablecoin-usdd\">announced the launch of the stablecoin<\/a> in late April. The token is backed by the network&#8217;s native TRX token and, reportedly, by liquid assets worth $10 billion.<\/p>\n<p>Earlier, founder <a href=\"https:\/\/x.com\/justinsuntron\/status\/1517143091722940417\" title=\"stated\">stated<\/a> that the stablecoin&#8217;s governing body, TRON DAO Reserve, would set for the asset a \u201crisk-free\u201d annual yield of 30%.<\/p>\n<p>Against this backdrop, TRON announced that the total value locked (TVL) across DeFi projects on the network had reached a record high of more than $10 billion.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\ude80Total Value Locked(TVL) in <a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&#038;ref_src=twsrc%5Etfw\">#TRON<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&#038;ref_src=twsrc%5Etfw\">#DeFi<\/a> reached $10,058,602,825 on May 5 &amp; hit another record!\ud83d\udcaa <a href=\"https:\/\/twitter.com\/hashtag\/TVL?src=hash&#038;ref_src=twsrc%5Etfw\">#TVL<\/a> <a href=\"https:\/\/t.co\/jo1OXJbl0Y\">pic.twitter.com\/jo1OXJbl0Y<\/a><\/p>\n<p>\u2014 TRONSCAN (@TRONSCAN_ORG) <a href=\"https:\/\/twitter.com\/TRONSCAN_ORG\/status\/1522072688805974016?ref_src=twsrc%5Etfw\">May 5, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to DeFi Llama data, the network&#8217;s TVL stands at $4.8 billion, having fallen by nearly 11% over the past 24 hours. The dominant lending protocol JustLend accounts for about 40%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/yoqcA_FT6NXNKXBH_bQT0Qj2VhJqGBp7fbOc4t7qlzJ6h23rspcENq0Y03vVGpC9pLLrwFHQfSQuVGYwWsIkl0g_hQZJvNivi4G3EZS2Qv0QEGt4K5O4KoUgf5V0qfnaumJSbkLJPwntQxdvpw\" alt=\"Launch of the algorithmic stablecoin USDD on the TRON network\"\/><figcaption class=\"wp-element-caption\">Source: DeFi Llama.<\/figcaption><\/figure>\n<p>At the time of writing, TRX price had risen 11.8% in the last 24 hours to $0.086. Over the week the token gained 24%, though it trades roughly 63% below its January 2018 all-time high.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/LXfNRdaRCV504CxL4X5wCsjggzQ2dQWSoj-DiJt84fWQTBA4WzD-WSmztdis9doacNxwtOamTguPE4jyp3fHwIWkEu7qLvwH9k_RkMBg9alv0aR5-EST5t0DZH2vd5tzGD5dqPD3LxLKFIuheA\" alt=\"Launch of the algorithmic stablecoin USDD on the TRON network\"\/><figcaption class=\"wp-element-caption\">Source: CoinGecko.<\/figcaption><\/figure>\n<p>Earlier in December 2021, <a href=\"https:\/\/u1f987.com\/en\/news\/justin-sun-to-leave-tron-foundation-and-become-grenadas-wto-representative\">Justin Sun left the TRON Foundation<\/a> to take up the post of Grenada&#8217;s representative to the WTO, but said this did not signify his departure from the project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On May 5, the TRON network released and put into circulation the algorithmic stablecoin USDD. The asset is also available on Ethereum and BNB Chain via the cross-chain protocol BTTC.<\/p>\n","protected":false},"author":1,"featured_media":61025,"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-61024","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":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61024","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=61024"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61024\/revisions"}],"predecessor-version":[{"id":61026,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/61024\/revisions\/61026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/61025"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=61024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=61024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=61024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}