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TRON DAO and Other Blockchain Leaders Jointly Roll out USDD


On May 5, Justin Sun, Founder of TRON, announced on Twitter that the TRON DAO Reserve rolled out a decentralized stablecoin named USDD, which has so far been listed on Sunswap,, Curve, Uniswap, Ellipsis, Pancakeswap, Kyberswap, etc., with an initial total supply of one hundred million.  Through the cross-chain protocol BTTC, both  of the circulating supply on Ethereum and BSC are near twenty million.

USDD is a decentralized algorithmic stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNBChain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar (USD) through TRX and maintains its price stability to ensure users have access to a stable and decentralized digital dollar system that guarantees financial freedom.

USDD is a cryptocurrency issued by the TRON DAO Reserve with a highly stable price and diverse use cases. It is based on TRON and pegged to the U.S. dollar at a ratio of 1:1, which means regardless of market volatility, the USDD protocol will keep USDD stable at 1: 1 against the US dollar via proper algorithms in a decentralized manner. Like other TRC-20 tokens, USDD can be traded with no brokers; it depends solely on the smart contracts on the TRON network. Being free from the control of any individual or organization makes USDD more capable of playing its role as a stablecoin. As a fast, low-fee crypto asset with a large supply and competent for cross-border transactions, USDD brings its holders tremendous benefits of the blockchain technology without the risk of volatility.

On April 21, TRON founder Justin Sun tweeted an open letter stating that the TRON DAO Reserve, at its initial stage, would provide custody service for the $10 billion worth of highly liquid assets raised from initiators of the blockchain industry as an early-stage reserve, all of which would go to the TRON DAO Reserve in six to twelve months. The Reserve will continue to attract more liquidity assets into its reserves to better play its role as a decentralized institution.

At the end of 2021, Justin Sun was officially appointed by the government of Grenada as its Ambassador and Permanent Representative to the WTO and was authorized to represent Grenada at the WTO meetings during his mandate. Justin said that he would proactively promote the integration of cryptocurrencies and sovereign states to build a new financial system that is secure, efficient, and inclusive. In the meantime, he would also leverage his experience in the digital currency field for a joint response to the new challenges regarding digital transformation in the post-pandemic era.


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Published at:- Ripple lawyer urges US lawmakers to pass 'sensible' crypto legislation amid SEC Published at:- 3 Ways Blockchain Can Resolve Problems For The Gaming Industry Published at:- How blockchain technology can revolutionize international trade Published at:- Top 10 Cryptocurrency Traders To Follow On Social Media Published at:- Crypto Debt Crisis Continues as Zipmex Files for 'Bankruptcy Protection' Published at:- Australian Asset Manager 'Holan' Launches Several Low Cost Crypto Funds Published at:- European Central Bank bets on CBDC over BTC for cross-border payments Published at:- Michael Sailor Steps Down as CEO of Microstrategy to Focus on Bitcoin Published at:- Fans have spent $2.7 billion in NFTs so far in 2022 Published at:- Metamask users warned of new phishing campaign targeting users Published at:- Aave DAO Approves Creation of Yield-Generating Algorithmic Stablecoin ‘GHO’ Published at:- Solana mobile wallet exploited, millions removed from over 8,000 users Published at:- 'World's most secure exchange' hacked for $5 million Published at:- Aave Proposal Would Cut Off Fantom Amid Security Fears Published at:- Brazilian voting authorities may incorporate blockchain technology in future elections Published at:- Ethereum Co-Founder Vitalik Buterin Downgrades Ethereum PoW Fork, Hopes It 'Doesn't Lead to People Losing Money' Published at:- How PwC Can Help Your Crypto Business? Published at:- First Mover Americas: Bitcoin Slips at End of Strong Week, Huobi Founder in Talks to Sell Majority Stake Published at:- Central Banks can safely invest in Bitcoin with BlackRock’s Bitcoin Private Trust; says DCG Founder Published at:- 6 WAYS TO MAKE MONEY WITH CRYPTOCURRENCY IN 2022 Published at:- What is fiat money? or What are cryptocurrencies? Published at:- Difference Between Fiat Money and Cryptocurrencies Fiat Money? Published at:- Why Is Blockchain Important For Gamblers? Or The Future Of Blockchain And Bitcoin Blockchain Published at:- Understanding the Different Types of Cryptocurrency Published at:- How Many Cryptocurrencies Are There? Published at:- What is Ethereum (ETH) and how to work with ethereum ? Published at:- What is Tether and what is the use of Tether Published at:- What is USD Coin USDC and which type of coin is this Published at:- What is Binance Coin BNB and which type of coin is this Published at:- What is Dogecoin DOGE and which type of altcoin is this Published at:- What is Polkadot DOT and how it works Published at:- Whale Spends 10000 BTC Worth doollar203M, Bitcoins Stem From the Infamous 2011 Mt Gox Hack Published at:- Flare Network and Lena Instruments launch new crowd funding mechanism Published at:- Australia Issues White Paper for Central Bank Digital Currency Published at:- Elon Musk Vows to Step Down as Head of Twitter Edward Snowden Tosses His Name in the Cap for President Published at:- Bitcoin Binance Coin Helium and Holo Everyday Value Investigations -22 December Published at:-
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