36.1 C
Delhi
Monday, June 17, 2024
HomeCryptocurrencyAltcoinsTron USDD stablecoin goes Live! Buy TRX before it MOONS +100%?

Tron USDD stablecoin goes Live! Buy TRX before it MOONS +100%?



Rudy Fares

In the midst of the crypto crash, Tron managed to increase by more than 25% in prices. The reason for this increase is not only technical. Tron announced the launch of their algorithmic stablecoin called USDD. This announcement will not only make TRX soar in valuation soon, but increase its use case. Why should you consider buying TRX today? Is Tron USDD stablecoin going to affect TRX heavily? Read on to see how you can make a quick buck thanks to TRON 😉

What is TRON Crypto?

Tron is a blockchain that seeks to speed up transaction processing. Tron claims to be able to handle 2,000 transactions per second, while Bitcoin and Ethereum can only handle 6 and 25 transactions per second (TPS). It’s a decentralized platform for sharing and entertaining information. Tron purchased BitTorrent, a popular file-sharing website, in 2018.

Join the Chat Discord

Tron’s ambitions include creating an all-in-one platform for file sharing with monetary incentives and letting content creators (particularly in the game sector) monetize their work. They’re also one of the most often used blockchains for hosting decentralized applications (DApps).

What is USDD Crypto?

The Tron crypto project launched USDD (Decentralized USD). It is an algorithmic stablecoin, much like Terra’s UST. They claim to be able to combine price stability with fiat currencies and other cryptocurrencies such as Bitcoin. This is done by creating a basket of currencies and cryptocurrencies to maintain the price. Volatility was a hot topic in the cryptocurrency community. It is one of the key reasons why investors are hesitant to invest in cryptos. Tron hopes to change that with the launch of its USDD stablecoin. Through a patented algorithm that automatically changes stablecoin supply based on demand, they would maintain a “one stablecoin to one fiat” peg. This is made possible by TRX, their token, which provides liquidity, price stability, and is easily swappable to other stablecoins at advantageous exchange rates.

Aavegotchis Guild

Is USDD a good investment?

Buying a stablecoin won’t yield you anything if you’re thinking about buying and holding. It is called a “stablecoin” because its price is…stable. It is pegged to the US dollar, so 1 USDD = 1 USD. However, there is another way to benefit from USDD. Just like traditional currencies where you can lock them up in a savings account and earn a yield, you can do the same with USDD.

The company announced in another tweet the possibility to earn “big yields” by two types of mining:

  • Designated mining: this process is done through a centralized platform such as SunSwap, JustLend and Poloniex. This will yield a profit of a maximum 30% APR.
  • Cooperative mining: this process is done directly through the TRON DAO reserve. The yield for this method will fluctuate around 30%.