cryptonewsz.com
Justin Sun, a crypto entrepreneur, recently grabbed headlines for eating $6.2 million worth of banana art, which he won from Sotheby’s Auction House. Now, he’s once again making news by announcing $USDD 2.0, a new iteration of stablecoin.
$USDD 2.0 https://t.co/MxD01cuSOw
— H.E. Justin Sun 🍌 (@justinsuntron) November 29, 2024
However, he did not share more details about $USDD 2.0.
Can $USDD 2.0 Have Connections With Trump’s $WLFI?
The moves come after Justin Sun was appointed as a key advisor for World Liberty Financial after his $30 million investment in the project. $WLFI is a crypto project backed by upcoming U.S. President Donald Trump and his family.
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Donald Trump’s recent victory in the presidential election has ignited a crypto frenzy that has sent Bitcoin to new heights. During the election campaign, He vowed to transform America into “the crypto capital of the world” and establish a ‘strategic reserve’ of Bitcoin.
$USDD is a stablecoin launched by the TRON DAO Reserve, which is designed to maintain a 1:1 peg with the USD. It offers a dependable, decentralized option for blockchain transactions and can be utilized for payments, trading, staking, and as a store of value.
As the announcement comes at a very crucial moment, there is a buzz in the market that $USDD 2.0 could be connected with $WLFI. However, there’s no official confirmation of this.
Also, Justin Sun writes in the latest tweet, “The $USDD 2.0 version and Liberland are considering using Elon Musk as the face on the cover of the new dollar.”