TRPegUSD
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TRON DAO Launches TRPeg USD (USDD) š
TRON DAO $TRX recently launched a fully decentralized algorithmic stablecoin, USDD, as part of its mission to offer secure, decentralized financial solutions. USDD, pegged to the U.S. dollar, is designed for cross-chain compatibility, including Ethereum and BNB Chain. Supported by the TRON DAO Reserve, it maintains stability without central oversight by leveraging TRX-based collateral and automated algorithms to keep it anchored at $1. TRON also set an annual yield benchmark of 30% for USDD, aimed at attracting decentralized finance (DeFi) participants.
#TRPegUSD
What do you think about this new approach to stablecoins?
Source: TRON DAO Blog, X
TRON DAO $TRX recently launched a fully decentralized algorithmic stablecoin, USDD, as part of its mission to offer secure, decentralized financial solutions. USDD, pegged to the U.S. dollar, is designed for cross-chain compatibility, including Ethereum and BNB Chain. Supported by the TRON DAO Reserve, it maintains stability without central oversight by leveraging TRX-based collateral and automated algorithms to keep it anchored at $1. TRON also set an annual yield benchmark of 30% for USDD, aimed at attracting decentralized finance (DeFi) participants.
#TRPegUSD
What do you think about this new approach to stablecoins?
Source: TRON DAO Blog, X