Justin Sun to launch algorithmic stablecoin USDD on TRON
Tron will have its own native stablecoin called Decentralized USD (USDD) from May 5, TRON founder Justin Sun announced on Thursday.
A decentralized autonomous organization (DAO) called TRON DAO will manage the blockchain’s stablecoin. According to Sun, TRON DAO will administer a reserve with a 30% interest rate.