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### 🚨 Breaking News: Justin Sun's USDD Is No Longer Backed by Bitcoin
🔹 The Block has just announced that Justin Sun's stablecoin USDD is no longer backed by Bitcoin. Instead, the TRX token will be the main collateral asset.
🔸 Tron founder Justin Sun has reassured the public that there is nothing to worry about after the Tron DAO Reserve withdrew nearly $750 million in Bitcoin (about 12K BTC).
🌐 USDD was launched in 2022 to compete with Terra's UST token, and is currently primarily backed by the TRX token, marking a major shift in how this stablecoin is secured.
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📷 Image of Justin Sun in the article:
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💬 What do you think about this change? Will it create stability for USDD in the future? Share your thoughts!
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Hashtags:#JustinSun#USDD#CryptoNews#Stablecoin
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