In the crypto world, the new announcement of Justin Sun was translated into USDD 2.0. Tron’s founder made a great claim by defining USDD as “one real decentralized stablecoin .. Investors question whether these innovations really strengthen decentralization.
How does Sun defend the USDD 2.0?
Sun argues that USDD offers a “zero ice cream risk ve and has full control over investors’ assets. “Authorities cannot attract funds,” he aims to increase the user confidence.
He also states that Tron Dao has established a mechanism that supports USDD. DAO translates USDT into USDD and subsidized returns and aims to minimize investor losses.
USDD 2.0 Stinging: 20% return realistic?
Sun announced that the USDD 2.0 will offer 20 %stinging return annually. However, investors wonder if this return is sustainable. “Tron Dao has plenty of money,” he said, increasing the doubts.
Previously, Anchor Protocol had promised 30 %APY and caused billions of dollars of damage with an upper collapse. Therefore, high -generated stablecoin projects are closely examined by investors and regulators.
New USDD, does it solve the old problems?
It is still not clear how the USDD 2.0 will work. The last updated WhitePaper 2022 is missing information about the major changes.
However, in the beta version, there is a loan protocol that allows over-collateralized stablecoin printing with tron assets. This signals that algorithmic mechanisms will be abandoned.
Great competition in the stablecoin market
USDT and USDC are still leading in the Stablecoin market. USDD ranks 9th with a market value of $ 742 million. The new Stinging Awards aim to force competitors such as DAI and USDE. Although the USDD 2.0 has great interest with high return promises, investors are cautious. Despite the brave statements of Sun, it remains unclear how Stablecoin will have a collateral structure. Although the claim of “real decentralization” is remarkable, the collapse of projects that have made similar promises in the past is still in memory. Investors are waiting for more details to see if the USDD 2.0 is really safe.
However, regulations, such as the Mica regulation of the European Union, may obstacle to high -generated stablecoin projects. The market is preparing to test Sun’s claims. Let’s see if 2.0 will fulfill its promises.
