Tron founder Justin Sun announced the launch of the USDD2.0 version and said that transparency would be a priority for users of the USDD stablecoin.
Justin Sun is a popular crypto entrepreneur. It is known for its multiple crypto projects such as Tron ($TRX), Sun Coin, BTT, Win coin, etc. Justin’s past success proved that he never faced any failure, but many times, many experts accused Justin of misusing his monetary power to violate rules and laws.
On January 15, 2025, Tron ($TRX) founder Justin Sun announced the launch of the new version of the $USDD stablecoin with a 20% annual return.
Justin Sun assured that it is insured and that TRONDAO will transfer the interest reward to a transparent public crypto address in advance. According to the report, they will give a return of 20% using the profits generated from different sources.
However, this high-yield stablecoin looks quite attractive, but here people need to know what is the guarantee that it will not fail like the TerraUSD stablecoin, a major stablecoin that crashed badly in May 2022.
Many Crypto X (formerly Twitter) users rated USDD2.0 as risky and indirectly suggested each other to stay away.
On the same day, Justin responded to all the questions raised in the form of criticism and said that people should stop asking where the performance will come from. He said he has a lot of money.
$TRX Coin Price Action
The current trading price of $TRX coin is $0.23 and this price level is 5.3% higher in the last 24 hours.
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