The post TRON’s Justin Sun hails USDD as the only true choice for a decentralized stablecoin appeared on BitcoinEthereumNews.com.

Tron founder Justin Sun has boldly heralded USDD as the only “true decentralized stablecoin” in the entire crypto sector. Sun has made several promotional statements in recent weeks to rally the crypto community toward the stablecoin, ahead of the launch of USDD 2.0. In a February 3 post on X, the Chinese-born entrepreneur asserted that USDD offers users “zero risk of freezing or rug pulls.” Sun provided more pointers to back his claims in a subsequent post, giving prominence to the decentralized stablecoin for allowing users full control of their funds with no “authority to freeze” or withdraw them.  Moreover, according to Sun, the majority of returns on USDD currently come from subsidies provided by TRON’s decentralized autonomous organization (TRON DAO), where USDT is converted into USDD to back the yield and minimize the risks of losing investors’ funds. Justin Sun prepares the way for USDD 2.0 Through a series of X posts made since January 15, Sun has been talking about the imminent launch of USDD 2.0, which boasts a 20% staking annual percentage yield (APY) for users.  However, the Tron founder’s overly promotional tone has given the crypto community scares, who are wondering what the exact nature of the changes in the new version of USDD is. He clapped back at the pertinent queries about where the yields hail from, postulating that TRON DAO has “plenty of money.” 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 Sun’s insights have provided little clarity about how the updated version will…

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Filed under: News - @ February 4, 2025 2:20 pm