Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: KryptoBull on January 26, 2025, 12:16:06 PM
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Justin Sun is well-known for his crazy ideas and, more importantly, he dares to apply them to Tron. Most of his ideas are learned or imitated from other successful solutions in the market.
Tron blockchain is considered a copy of Ethereum, Tron wants to become Bitcoin's Layer-2 like Stacks, Sun.pump is seen as a copy of Pump.fun on Solana for memecoin, and many investors still remember USDD as a copy of UST on Terra during the algorithmic stablecoin craze of 2021. Although TRX price has reached a new ATH after impressive growth, most of these copycat ideas have failed to succeed on Tron, and most investors only know Tron through TRX and TRC-20 USDT.
Recently, USDe was introduced by Ethena and has attracted investor interest as it allows holders to receive a portion of the revenue from staking ETH. Unsurprisingly, Sun also introduced USDD 2.0 with a yield of up to 20%. Sun doesn't even want to explain the source of that yield, he just asks everyone to trust USDD 2.0 :)
I still remember very clearly the scary time in 2022 after the collapse of UST & LUNA in the Terra ecosystem, causing many investors to lose money, including Binance, and many crypto companies to go bankrupt. As a cautious investor, I don't allow myself to touch USDD 2.0, even if it's USDD 20.0, it's still an unsafe product. I temporarily only think of USDT when I want to take profits from crypto this season. If I really want to earn some profit while holding stablecoin in the next crypto winter, I think USDe is a better and much safer choice than USDD 2.0.
I would like to know your opinion on this:
- Are you interested in revenue-sharing stablecoins as USDe and USDD 2.0?
- Do you think USDD 2.0 will be successful and bring value to Tron?
- Will traditional stablecoins as USDT & USDC be replaced by revenue-sharing stablecoins?
References:
[>] Tron to Launch Revamped USDD 2.0 Stablecoin with 20% APY (https://beincrypto.com/tron-usdd-2-0-20-percent-apy/)
Note:
- My opinion has been presented in a topic, on BitcoinTalk forum (https://bitcointalk.org/index.php?topic=5527774.0).
- This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
- This statement is to avoid accusations of plagiarism.
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I would like to know your opinion on this:
- Are you interested in revenue-sharing stablecoins as USDe and USDD 2.0?
- Do you think USDD 2.0 will be successful and bring value to Tron?
- Will traditional stablecoins as USDT & USDC be replaced by revenue-sharing stablecoins?
1. I've heard about this new type of stablecoin recently, but I'm not too interested because I'm still holding USDT and other cryptos. I haven't taken profits in this cycle yet, so I don't have much need to explore stablecoins.
2. I don't trust USDD 1.0 and 2.0. I see it as a crude imitation that only Sun has the audacity to implement and apply.
3. We need more time to assess the impact of revenue-sharing stablecoins on the market in general and stablecoins in particular. However, I believe that with position and huge marketcap, USDT and USDC will continue to exist and gain the trust of investors in this market.
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if you stakers get yeild, its always going to be attractive to investors regardless of the idea where the yeild comes from.
however, those who are cautious, they will have doubts about it esoecially because it onced happen in the past suxh as that UST of Luna. if younfound yourself not understanding it, its best to just skipp it.
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if you stakers get yeild, its always going to be attractive to investors regardless of the idea where the yeild comes from.
however, those who are cautious, they will have doubts about it esoecially because it onced happen in the past suxh as that UST of Luna. if younfound yourself not understanding it, its best to just skipp it.
Too many stable coins here and there and I basically don't see any reason to be worried about trying all of them and that's simply because they are all aimed to achieve the same thing. There is no need to HODL all at once since they are basically stable coins and all carry out the same function of almost zero volatility and being pegged to the dollar.
Basically I make use of stable coins sometimes but I only use USDT because I really don't fancy making use of multiple stable coins.
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Too many stable coins here and there and I basically don't see any reason to be worried about trying all of them and that's simply because they are all aimed to achieve the same thing. There is no need to HODL all at once since they are basically stable coins and all carry out the same function of almost zero volatility and being pegged to the dollar.
Basically I make use of stable coins sometimes but I only use USDT because I really don't fancy making use of multiple stable coins.
Not all stablecoins are created equal, you can learn about USDe and USDD 2.0 to understand the attractiveness of their revenue sharing mechanism. If you hold 1000 USDT for 1 year, you will still have 1000 USDT and about 50 USDT if you Earn on CEXs. But if you hold 1000 USDe, you will have 1200 USDe = 1200 USD. 200 USDe comes from staking ETH profits.
USDD 2.0 also shares 20% of revenue but does not disclose its source, which makes the community feel insecure and hesitant to join. They still choose top stablecoins like USDT, USDC, DAI, FDUSD...
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What is there to ''believe'' in this crap.
It is just another stupid stablecoin... just what we needed to start year 2025 not :P
Just remember that this guy purchased banana art for who knows how much money, and guy should not be trusted with anything, including any shitcoin projects.
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What is there to ''believe'' in this crap.
It is just another stupid stablecoin... just what we needed to start year 2025 not :P
Just remember that this guy purchased banana art for who knows how much money, and guy should not be trusted with anything, including any shitcoin projects.
I also don't trust Sun, I see him as a rich comedian in this market. But we must also admit that just by copying hot ideas in the market, Trx has been very successful, the network is more vibrant and TRX price has set ATH before ETH.
USDD 2.0 will still have time to prove its value and attractiveness. I think only greedy investors will hold USDD if the profit from USDe decreases in the future. Perhaps Sun himself, when introducing USDD 2.0, just wanted to attract the community's attention and promote Trx.
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I also don't trust Sun, I see him as a rich comedian in this market. But we must also admit that just by copying hot ideas in the market, Trx has been very successful, the network is more vibrant and TRX price has set ATH before ETH.
trx network is one of the worst crap I ever saw, vibrant my ass.
They made using stablecoins on tron with highest fees from all other blockchain including ethereum and all others.
Money grab, centralized crap operated by Sun and his partners, they can sgut it down whenever they want.
Proof for my words:
https://gasfeesnow.com/
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trx network is one of the worst crap I ever saw, vibrant my ass.
They made using stablecoins on tron with highest fees from all other blockchain including ethereum and all others.
Money grab, centralized crap operated by Sun and his partners, they can sgut it down whenever they want.
Proof for my words:
https://gasfeesnow.com/
In my understanding, transaction fees on Trx can be reduced if users stake TRX, and CEXs are taking advantage of this to profit when users withdraw TRC20 USDT. They can almost move USDT for free but still require users to pay a fee of 1-2 USDT.
I agree with you about the poverty of the Trx ecosystem, or at least you and I haven't experienced it enough to understand its value. Perhaps Trx will fail again in USDD 2.0 idea and this stablecoin will soon be forgotten in the market.
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if you stakers get yeild, its always going to be attractive to investors regardless of the idea where the yeild comes from.
however, those who are cautious, they will have doubts about it esoecially because it onced happen in the past suxh as that UST of Luna. if younfound yourself not understanding it, its best to just skipp it.
There are many obstacles that make USDD 2.0 difficult to succeed:
1. If interested in 20% returns, investors can choose USDe with transparent revenue sources from ETH staking.
3. USDD 1.0 with 30% returns also failed when market demand was very low.
3. After the collapse of UST, investors have become more cautious and they understand that a stablecoin with a large market cap can be a weakness of the market.
I hope that USDD 2.0 will fail in a scenario as smooth as USDD 1.0 and not create any crisis in the crypto market in 2026.
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There are many obstacles that make USDD 2.0 difficult to succeed:
1. If interested in 20% returns, investors can choose USDe with transparent revenue sources from ETH staking.
3. USDD 1.0 with 30% returns also failed when market demand was very low.
3. After the collapse of UST, investors have become more cautious and they understand that a stablecoin with a large market cap can be a weakness of the market.
I hope that USDD 2.0 will fail in a scenario as smooth as USDD 1.0 and not create any crisis in the crypto market in 2026.
This season will give us the answer to the fate of USDD 2.0, it's highly likely that it will be forgotten among many other stablecoins in the market with better security and returns. I don't have high hopes for this financial product, I will only follow its ups and downs in this uptrend to identify the market's crazy moment with investors' blind participation and USDD 2.0's unreasonable success.
It seems that USDD 2.0 has replaced USDD 1.0 and has a market cap of nearly 750M USD, which is far from being able to compete with USDT and USDC. Sun doesn't understand that copying can hardly create a breakthrough for Trx, Trx Foundation needs new initiatives to help Trx survive by real user needs.