Saturday, August 2, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

TRON DAO and Other Blockchain Leaders Jointly Roll out USDD

by firstcryptonews
May 5, 2022
in Press Release
TRON DAO and Other Blockchain Leaders Jointly Roll out USDD

On May 5, Justin Sun, Founder of TRON, announced on Twitter that the TRON DAO Reserve rolled out a decentralized stablecoin named USDD, which has so far been listed on Sunswap, Sun.io, Curve, Uniswap, Ellipsis, Pancakeswap, Kyberswap, etc., with an initial total supply of one hundred million.  Through the cross-chain protocol BTTC, both  of the circulating supply on Ethereum and BSC are near twenty million.

USDD is a decentralized algorithmic stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNBChain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar (USD) through TRX and maintains its price stability to ensure users have access to a stable and decentralized digital dollar system that guarantees financial freedom. The website of USDD is now online (http://usdd.io). The contract address shall be subject to the announcement on the official website. The addresses of Tron, Ethereum and BSC are:

https://tronscan.org/#/token20/TPYmHEhy5n8TCEfYGqW2rPxsghSfzghPDn

https://etherscan.io/token/0x0C10bF8FcB7Bf5412187A595ab97a3609160b5c6

https://bscscan.com/token/0xd17479997f34dd9156deef8f95a52d81d265be9c

USDD is a cryptocurrency issued by the TRON DAO Reserve with a highly stable price and diverse use cases. It is based on TRON and pegged to the U.S. dollar at a ratio of 1:1, which means regardless of market volatility, the USDD protocol will keep USDD stable at 1: 1 against the US dollar via proper algorithms in a decentralized manner. Like other TRC-20 tokens, USDD can be traded with no brokers; it depends solely on the smart contracts on the TRON network. Being free from the control of any individual or organization makes USDD more capable of playing its role as a stablecoin. As a fast, low-fee crypto asset with a large supply and competent for cross-border transactions, USDD brings its holders tremendous benefits of the blockchain technology without the risk of volatility.

According to available information,the TRON-based decentralized stablecoin USDD was born with the mission of building a modern financial system on the blockchain. Its permissions are managed by the TRON DAO Reserve, which functions as its early custodian. Also, the TRON DAO Reserve ensures USDD’s price stability and decentralization by collateralizing this cryptocurrency with reserves. This organization aims to safeguard the overall blockchain industry and crypto market, prevent panic trading caused by financial crises, and mitigate severe and long-term economic downturns. By setting risk-free interest rates and regulating the market through liquidity provision, it is able to stabilize the exchange rates of centralized and decentralized stablecoins on TRON and other blockchains. It also intends to formulate and implement monetary and exchange rate policies, play the role of a lender of last resort to minimize systemic risks and ensure the stability of the financial market.

On April 21, TRON founder Justin Sun tweeted an open letter stating that the TRON DAO Reserve, at its initial stage, would provide custody service for the $10 billion worth of highly liquid assets raised from initiators of the blockchain industry as an early-stage reserve, all of which would go to the TRON DAO Reserve in six to twelve months. The Reserve will continue to attract more liquidity assets into its reserves to better play its role as a decentralized institution.

After four years of growth, TRON has seen over 88 million on-chain users and 3 billion transactions in its ecosystem. At present, the circulating supply of TRC-20 USDT has exceeded that of ERC-20 USDT, making TRON the world’s largest stablecoin network, which boasts over $55 billion worth of financial assets, including on-chain stablecoins, and has settled and cleared $4 trillion worth of assets. In December 2021, the TRON network became fully decentralized and was restructured into the TRON DAO community, the largest decentralized autonomous organization (DAO) in the world.

At the end of 2021, Justin Sun was officially appointed by the government of Grenada as its Ambassador and Permanent Representative to the WTO and was authorized to represent Grenada at the WTO meetings during his mandate. Justin said that he would proactively promote the integration of cryptocurrencies and sovereign states to build a new financial system that is secure, efficient, and inclusive. In the meantime, he would also leverage his experience in the digital currency field for a joint response to the new challenges regarding digital transformation in the post-pandemic era.

Related Posts

Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit

Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit

by firstcryptonews
July 31, 2025
0

Plymouth, United Kingdom, Date, Chainwire - The Wally Group (TWG), initially launched as WALLY (Wally the Emotional Support Alligator), has announced...

NexulonAI ($NEX): The Hottest Crypto Project of 2025—Why You Can’t Miss It!

NexulonAI ($NEX): The Hottest Crypto Project of 2025—Why You Can’t Miss It!

by firstcryptonews
July 26, 2025
0

The cryptocurrency and DeFi (Decentralized Finance) space has seen its fair share of innovation, but a new project has emerged...

FG Capital Advisors Opens Private Round for Tokenized Carbon “Stream” Financing – Pre‑Launch SAFEs Now Available

FG Capital Advisors Opens Private Round for Tokenized Carbon “Stream” Financing – Pre‑Launch SAFEs Now Available

by firstcryptonews
July 25, 2025
0

Lisbon, Portugal – 24 July 2025 — FG Capital Advisors today announced the pre‑launch raise for its carbon project stream...

Acxwp Crypto Obtains U.S. MSB License, Fully Safeguarding Trading and Fund Security

Acxwp Crypto Obtains U.S. MSB License, Fully Safeguarding Trading and Fund Security

by firstcryptonews
July 23, 2025
0

In today’s rapidly evolving digital asset market, the security and regulatory compliance standards of trading platforms are directly tied to...

AstralX: Connecting traditional finance and crypto markets, redefining a new model for global asset trading

AstralX: Connecting traditional finance and crypto markets, redefining a new model for global asset trading

by firstcryptonews
July 23, 2025
0

With the digital wave of the crypto market sweeping the world today, the rapid development of fintech is reshaping the...

Angel Token Presale is LIVE!

Angel Token Presale is LIVE!

by firstcryptonews
July 15, 2025
0

🚀 Angel Token is the native token of the next-gen Angel Wallet — the ONLY wallet where you can: 🔒...

Next Post
Why Is Using NFTs With K-Dramas the Next Big Thing in the NFTs Universe?

Why Is Using NFTs With K-Dramas the Next Big Thing in the NFTs Universe?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

polker

Massive NFT and Token Giveaway From Polker as Staking is Announced!

4 years ago
Tron’s TRX Fails To React As Founder Justin Sun Announces New Secret Project

Tron’s TRX Fails To React As Founder Justin Sun Announces New Secret Project

6 years ago
Rekt Capital: Bitcoin Is In A Serious Bull Market

Rekt Capital: Bitcoin Is In A Serious Bull Market

6 years ago
Brace Yourself!!! DAPPATOZ mobile application is coming soon

Brace Yourself!!! DAPPATOZ mobile application is coming soon

5 years ago
Expected Bitcoin Profit in 2025 if Investment is $1000 Today?

Expected Bitcoin Profit in 2025 if Investment is $1000 Today?

4 years ago
Galaxy Z Unveils Visionary Decentralized Platform to Bridge Digital Worlds and Interstellar Ambitions

Galaxy Z Unveils Visionary Decentralized Platform to Bridge Digital Worlds and Interstellar Ambitions

4 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Enhances Developer Customization With Scalable Node Orchestration

Atua AI Enhances Developer Customization With Scalable Node Orchestration

August 1, 2025

Press Release

Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit

Community Relaunches TWG Token After WALLY Project Collapse and Developer Exit

July 31, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News