TRON DAO Launches USDD Jointly with Blockchain Leaders

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Geneva, Switzerland / May 5 / – H.E. Justin Sun, Founder of TRON, has announced the launch of USDD through the TRON DAO Reserve on Thursday, May 5. SunSwap, Uniswap, PancakeSwap and Ellipsis, are among the first to have listed USDD. The initial total supply will be 66,560,006.61 on TRON, 3,100,000 on Ethereum, and 13,100,000.1 on BNB Chain through the cross-chain protocol BitTorrent Chain (BTTC).

USDD is circulating as a decentralized TRC token on the TRON blockchain. The issuance and administration of reserves are overseen by the TRON DAO Reserve transparently. USDD is algorithmically pegged to the U.S. dollar to achieve the overarching goal of financial freedom for everyone. As a TRC-20 standard token, USDD can trade without brokers; it depends solely on the TRON network.

USDD's freedom from the influence of any individual or organization allows it to serve its purpose as a stablecoin with greater ease. Moreover, as a fast, low-fee crypto asset with an ample supply and competence in cross-border transactions, USDD brings its holders the benefits of blockchain technology without the risks of uncertainty.

USDD was created to develop a modern decentralized financial system on the blockchain. The TRON DAO Reserve strives to safeguard the global blockchain industry and crypto market, prevent panic trading caused by extreme market volatility, and mitigate severe and long-term economic downturns. It ensures USDD's price stability and decentralization by collateralizing the USDD issuance with its reserves, acting as USDD’s early custodian and managing its permissions.

By benchmarking interest rates and guiding the market through liquidity