Justin Sun Launches USDD 2.0 with 20% Annual Percentage Yield
Justin Sun announced the launch of USDD 2.0, a revamped decentralized stablecoin offering a 20% annual percentage yield (APY), fully supported by TRON DAO. This move aims to reinvigorate interest in USDD amidst a competitive stablecoin market.
The Rise, Fall, and Rise Again of USDD
- USDD launched in May 2022 with a 30% APY but saw yields drop during market volatility.
- Current market cap stands at $746 million; Tether (USDT) dominates with $137 billion.
- USDD claims stability through TRON DAO reserves, addressing past collapses such as that of Anchor Protocol.
- Other stablecoins offer lower yields: Ethena’s USDe at 11%, DAI at 12%, and USDC at 4.1%.
The timing of the USDD 2.0 launch coincides with a potential bull market, driven by favorable sentiments towards crypto assets with Donald Trump’s upcoming presidency. This strategic launch positions USDD as an appealing option for investors seeking returns during this optimistic phase.