The post ‘Simply because we have plenty of money’ appeared on BitcoinEthereumNews.com.

Key Takeaways Justin Sun announced USDD 2.0 will offer a 20% APY, subsidized by TRON DAO. Despite a market cap of $746 million, USDD remains far from competing with USDT and USDC. Justin Sun, founder of TRON blockchain, announced today that USDD 2.0 will offer a 20% annual percentage yield (APY), fully subsidized by TRON DAO. USDD 2.0 is about to launch with a 20% APY, fully subsidized by @trondao . All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money. So, stop asking me questions like “where does the yield come from.” — H.E. Justin Sun 🍌 (@justinsuntron) January 15, 2025 “All interest will be sent in advance to a transparent address. There’s no other reason—it’s simply because we have plenty of money,” Sun posted on X. USDD, launched in May 2022 as a decentralized stablecoin on the TRON blockchain, initially offered a 30% APY. However, this yield was later lowered amid market constraints. This new revival of the stablecoin will now offer 20% APY amid the late stage of a bull market, which may pick up again after Trump takes office on January 20. The stablecoin currently maintains a market cap of $746 million, with trading primarily occurring on decentralized exchanges within the TRON ecosystem and centralized platforms including KuCoin, Bybit, and Gate.io, according to CoinGecko data. As of January 2025, the stablecoin market remains dominated by Tether (USDT) and USD Coin (USDC), with market caps of $137 billion and $45 billion, respectively. Other stablecoins offering high yields include Ethena’s USDe, which was offering 20% APY earlier in 2024 but has since dropped its yield to 11%. Another notable stablecoin yield can be found on DAI, which offers 12% APY on Spark procotol. Additionally, USDC offers…

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Filed under: News - @ January 15, 2025 6:26 pm