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."
