Justin Sun, founder of the Tron blockchain, said that the collapse of LUNA and UST is a bitter lesson in what to do when developing algorithmic stablecoins. Terra's LUNA and UST assets were valued at $40 billion. Tron launched its own algorithmic stablecoin, USDD, just 3 days before Terra's collapse.
Does USDD and UST Look Alike?
Justin Sun said that he originally planned to launch the USDD stablecoin project three months ago, but the dramatic end of UST created great experience. The Tron blockchain hosts many USDT users.
