Justin Sun, founder of the Tron Foundation, plans to launch USDD, the Tron network's algorithmic stablecoin, on May 5. The stablecoin, which will be launched under the designation “USD Decentralized,” will hold TRX liquid crypto assets, the native coin of the Tron blockchain, to help maintain the stability of the US dollar.
USDD Will Use Innovative Algorithms
USDD will use innovative algorithms to hedge market volatility and be worth 1 USD. USDD can also be used on Ethereum and BNB Smart Chain, which uses the cross-chain protocol of the BitTorrent network. There was another stablecoin called USDJ on the Tron blockchain.