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Justin Sun: "USDD, A Fully Decentralized Stablecoin"

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JH Kim
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  • Justin Sun, the founder of TRON, emphasized that USDD is a truly decentralized stablecoin.
  • He argued the necessity of a trustless stablecoin in response to criticisms about the high 20% annual interest rate.
  • Sun highlighted the importance of a stablecoin that can be used safely without account freezes.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Justin Sun, the founder of TRON (TRX), stated on the 4th (local time) via X (formerly Twitter) that "the algorithmic stablecoin USDD, issued by the TRON DAO Reserve, is a truly permissionless (Zero Permission), trustless (Zero Trust), decentralized stablecoin." He added, "Some say that an annual interest rate of 20% is too high, but personally, I believe the crypto market desperately needs a fully decentralized stablecoin that requires no trust."

He continued, "There is a need for a stablecoin that can be used safely without account freezes," adding, "I have come to deeply understand the seriousness of this issue through my long experience in creating stablecoins."

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reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.