Justin Sun to Launch New Algorithmic Stablecoin USDD

Tron (TRX) founder Justin SUN will launch a new algorithmic stablecoin called USDD, which he says will be the most decentralized stablecoin in human history. The new stablecoin, fully named Decentralized USD, will mark the beginning of the "era of stablecoin 3.0".

Sun noted that the stablecoin will be available on Ethereum (ETH) and BNB Chain in addition to Tron using the BitTorrent Chain (BTTC) cross-chain interoperability technology. The Tron founder also promised that with the help of appropriate algorithms, the new stablecoin will be able to maintain its peg to the dollar regardless of market volatility.

Sun did not specify what assets will support the new stablecoin, but hinted that Bitcoin (BTC) could play a role, stating that it will be $10 bln in highly liquid assets that will be created by the initiators of the blockchain industry.

Image: Coinphony