Justin Sun: "USDD, A Fully Decentralized Stablecoin"
JH Kim
Summary
- Justin Sun, the founder of TRON, emphasized that USDD is a truly decentralized stablecoin.
- He argued the necessity of a trustless stablecoin in response to criticisms about the high 20% annual interest rate.
- Sun highlighted the importance of a stablecoin that can be used safely without account freezes.
Justin Sun, the founder of TRON (TRX), stated on the 4th (local time) via X (formerly Twitter) that "the algorithmic stablecoin USDD, issued by the TRON DAO Reserve, is a truly permissionless (Zero Permission), trustless (Zero Trust), decentralized stablecoin." He added, "Some say that an annual interest rate of 20% is too high, but personally, I believe the crypto market desperately needs a fully decentralized stablecoin that requires no trust."
He continued, "There is a need for a stablecoin that can be used safely without account freezes," adding, "I have come to deeply understand the seriousness of this issue through my long experience in creating stablecoins."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.