Justin Sun, the founder of Tron (TRX), has announced that he is launching a new algorithmic stablecoin, which he says will become “the most decentralized stablecoin in human history.”

Decentralized USD, (USDD),: The Most Decentralized Stablecoin

The open letter from Sun explains that the USDD will be “a fully decentralized stablecoin underpinned by mathematics and algorithms.”

Sun stated that the history of stablecoins has been through two eras. He shared this information in a Twitter (NYSE) thread.

According to Sun, the stablecoin named Decentralized USD (USDD) will mark the beginning of the “Stablecoin 3.0 era.” He opines that the USDD will decentralize “the blockchain world’s most centralized territory.”

The TRON DAO reserve, according to him, will serve as a custody service for USDD’s $10 billion worth of highly liquid assets. The fund will be “raised from initiators of the blockchain industry” and act as a reserve to the USDD stable.

The TRON DAO offers a 30% risk-free annual interest rate.

To The Flipside

• Do Kwon, Founder of Justin Sun, has congratulated Justin Sun. Others suggest that Sun supports the USDD with , similar to Terra’s UST.

What You Need to Care About

USDD is the next step in stablecoin’s evolution. This will enable people to mine and burn TRX, and have billions of dollars worth of crypto reserve.

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