Justin Sun plans a Tron stablecoin with $10 billion of crypto collateral Justin Sun, founder of Tron, announced plans to launch USDD, a decentralized algorithmic stablecoin on the TRON blockchain network.

  • Sun disclosed in an open letter Thursday, April 21, 2022 that USDD will be. “a fully decentralized stablecoin underpinned by mathematics and algorithms.”

“When USDD’s price is lower than 1 USD, users and arbitrageurs can send 1 USDD to the system and receive 1 USD worth of TRX. When USDD’s price is higher than 1 USD, users and arbitrageurs can send 1 USD worth of TRX to the decentralized system and receive 1 USDD.”

  • Sun added that the stablecoin’s algorithm will maintain its stability against the US dollar despite market volatility.

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