The stablecoin USDD undergoes a complete overhaul with the upcoming launch of USDD 2.0 on Tron. Justin Sun pledges a guaranteed annual yield of 20%! An enticing opportunity for crypto investors, yet stirring questions.
Written by Thomas - Last updated on 01/16/2025 at 15:54 by Thomas
Justin Sun, the controversial founder of the Tron blockchain, has announced the launch of their stablecoin USDD 2.0 offering a 20% APY yield. Despite concerns about such high yields, Justin Sun states that these returns will be fully subsidized by the Tron DAO.
“All interests will be sent upfront to a transparent address, there is no other reason, it’s simply because we have a lot of money,” responds Justin to skeptics.
Challenging the giant Terra Luna, Justin Sun and the Tron DAO seem determined to make history in the crypto world. Stablecoins are one of the most promising sectors for the future, with yields becoming increasingly competitive.
Additionally, Ethena Labs had offered similar yields at its launch and faced a similar wave of critics. The fall of Terra has indeed left a lasting impact.
The new token USDD 2.0 will be developed by the JUST foundation, the developer of the DeFi infrastructure for yields on the Tron blockchain.
Beyond legitimate concerns about its fundamentals, USDD 2.0 represents a bold attempt to reinvent the stablecoin model and dominate the market.
At the time of writing, Ethena’s stablecoin, USDE, holds the largest market share with nearly $3.6 billion TVL for 12.89% APY yields, according to DefiLama. It is followed by Usual’s USDO++ and MakerDAO’s DAI stablecoins.
If Justin’s bet proves successful, USDD and its 20% yield would position the Tron blockchain at the forefront of yield solutions on stablecoins.
Over the past year, yields have seen a tremendous rise, mainly to hedge against market volatility. “We will push the limits and show that stablecoins can be much more than just a digital asset pegged to the dollar,” says Justin Sun.
With only $15 million TVL, USDD lags behind and sorely needs this type of innovation. It’s a daring bet reminiscent of the dark days of the Terra ecosystem and the deemed-risky stablecoin algorithms.
With USDD 2.0 and its guaranteed 20% yield, the controversial entrepreneur is aiming for new heights, needing to prove that this revolution is not just another fantasy.
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Web editor for many years and SEO specialist, Thomas became an editor for InvestX when the site was launched. Passionate about the field of crypto and Web3, Thomas has made it his mission to deliver maximum value and introduce readers to the world of blockchains, considered for him as the world of tomorrow.
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