Justin Sun Talks About Plans on USDD After The Terra Crash

1 Jun 2022

On May 31, TRON Founder Justin Sun published a blog post detailing the lessons he learned from the Terra (LUNA) crash. These lessons, according to Sun, will be considered when implementing TRON’s new decentralized stablecoin USDD. The blog post ends with a rough roadmap of USDD’s journey to be crypto’s new settlement currency. will you write today?
Additionally, TRON DAO Reserve will designate more liquid trading pairs in DeFi and CeFi against USDD. Ensuring all heavily traded on-chain assets have high USDD-denominated liquidity on AMMs for DeFi, while partnering with several centralized exchanges such as Huobi, KuCoin, Poloniex, and Bybit for CeFi.

We want USDD to be the new settlement currency of crypto. To enable this, we will focus on liquidity, while making sure USDD has ample reserves.

USDD is also planning to expand to support multiple chains as the industry moves closer to a cross-chain future. Currently, they are active on TRON, BNB Chain, and Ethereum.

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[1] <name>, '<title>' (online, <year>) <link>.
[2] BULB, 'Write to Earn. Read to Earn' (online, 2022) <https://www.bulbapp.io/>

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