Tron Founder Justin Sun announced the launch of the USDD2.0 version and said that transparency would be a priority for the USDD stablecoin users.
Justin Sun is a popular crypto entrepreneur. He is known for his multiple crypto projects like Tron ($TRX), Sun Coin, BTT, Win coin, etc. Justin’s past success showed that he never faced any failures, but many times, many insiders accused Justin of misusing his money power to violate rules & laws.
On 15 Jan 2025, Tron ($TRX) founder Justin Sun announced the launch of the new version of $USDD stablecoin with an annual yield of 20%.
Justin Sun assured that it is secured & the interest reward will be transferred by the TRONDAO on a transparent public crypto address in advance. As per the report, they will give a 20% yield by using the earnings generated from different sources.
However, this high-yield stablecoin looks attractive enough, but here, people need to know what the guarantee is that it will not fail like TerraUSD stablecoin, a top stablecoin that collapsed badly in May 2022.
Many Crypto X (formerly Twitter) users called USDD2.0 risky & indirectly suggested to each other to remain away.
On the same day, Justin responded to all questions raised in the form of criticism and said that people should stop asking from where the yield will come. He said that he has lots of money.
$TRX coin price action
The current trade price of $TRX coin is $0.23 & this price level is 5.3% high over the last 24 hours period.
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