Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => TRON (TRX) Forum + Ecosystem => Topic started by: Freemind on May 03, 2022, 12:48:02 PM
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In case anyone doesn't know yet, on May 5 (two days from now) the Tron chain will have a new stablecoin, USDD, one of the biggest advantages of this stablecoin will be this:
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.
USDD will be issued on Binance Smart Chain, Ethereum and Tron.Do you think that this new stablecoin will have the same adoption from the crypto community as USDT or BUSD considering the possibilities it offers?.
More information about the news: https://finance.yahoo.com/news/tron-launching-algorithmic-usdd-stablecoin-023440350.html
USDD official website: https://usdd.io