Justin Sun: TRON to Fully Upgrade USDD in Q4 to Create Authoritative Decentralized Stablecoin

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Bitget2024/10/27 19:24

On Oct. 28, TRON founder Justin Sun said in a social media post that TRON will fully upgrade USDD in the fourth quarter to establish the most credible decentralized stablecoin system in the crypto market.

Sun pointed out that the TRON ecosystem already has the foundations in place to scale up USDD: TRX has a current market capitalization of over $16 billion and a liquidity depth of over $200 million within a 3 percent slippage range. He expects TRON's underlying valuation to exceed $30 billion, enough to support a $3 billion stablecoin offering. Notably, TRX as a collateral asset is capable of generating over 10% annualized on-chain returns.

In terms of risk management, Sun emphasized that TRON generates $2 billion in on-chain revenue and token destruction annually, which will provide strong value support for USDD. The new version of USDD will introduce Bitcoin as a supplementary collateral asset and establish a direct PSM exchange mechanism centered on USDT to further enhance stability.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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