TRON project founder Justin Sun announced the launch of the second version of the USDD stablecoin.
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.”
— HE Justin Sun 🍌 (@justinsuntron) January 15, 2025
The report said that USDD 2.0 will generate an annual return of 20%. According to the entrepreneur, the TRON DAO organization will independently finance the payment of this profitability. It is also known that all accrued interest will be transferred in advance to a transparent address.
Note that at the time of writing, the capitalization of the USDD stablecoin is almost $745 million, and the trading volume over the last 24 hours has almost reached $3 million.
In August 2024, a crypto expert under the pseudonym Symbio stated that Justin Sun withdrew a total of 12,000 BTC worth $730 million from the USDD stablecoin reserve without the approval of this step from the TRON DAO quorum.
In December 2022, the asset lost its peg to the US dollar and fell below $0.96.
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Source: Cryptocurrency
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