Crypto Decentralized USD (USDD) Launch – Tron (TRX) Jumps 16% on LiteBit

The value of TRX has jumped 16% in the last 24 hours, according to data from the LiteBit trading platform. On May 5, the algorithmic stablecoin of its ecosystem will be issued and put into circulation. Thanks to the BTTC cross-chain protocol, it will also be accessible on Ethereum and on Binance SmartChain.

#JustinSun, founder of #TRON, has indeed announced the launch of the “most decentralized stablecoin in the history of mankind”. Dubbed #USDD, this stablecoin derived from TRON will be pegged to TRX and aims to achieve decentralization on the .#Cryptos chain

TRON DAO has partnered with prominent blockchain players to create Decentralized USD (USDD), a decentralized stablecoin that uses math and algorithms to make finance accessible to everyone. Tron claims that the USDD stablecoin will usher in the era of Stablecoin 3.0.

Thanks to this good news, the network has attracted new users, with the total number of Tron accounts reaching 90 million, according to U.Today.

💎 Store and trade your cryptos safely with 20 euros offered per validated account

Store and trade your cryptocurrency with LiteBit, a secure and globally recognized European trading platform.

Unlike stablecoins backed by fiat currencies like the USD Coin (USDC), algorithmic stablecoins are backed by digital currencies.

Tron’s value has risen since the stablecoin’s launch date was announced in early May. TRX is up around 25% in seven days, according to statistics from CoinMarketCap.

The boss of Tron convinced of the acceptance of cryptocurrencies in the Caribbean.

Justin Sun, the creator of Tron and Permanent Representative of Grenada to the World Trade Organization (WTO), recently gave his thoughts on blockchain and cryptocurrencies in “ Aligning The Future »the very first documentary of The Future is Now on the evolution of Bitcoin. He maintains that by removing barriers to financial infrastructure, industry players could bring this technology to everyone. He says, “I think nations and communities in the Caribbean can learn from El Salvador” (which legalized Bitcoin in 2021).

The latest articles by Almmaye (see everything)

Leave a Comment