Justin Sun says 'stop' asking questions about the next iteration of Tron's USDD stablecoin and its 20% yield
$TRX
Tron founder Justin Sun said people should “stop” asking him questions like where the yield will come from when the next iteration of his algorithmic stablecoin, USDD, offers a 20% APY.
“It’s simply because we have plenty of money,” Sun said.
USDD launched in 2022 as a competitor to Terra’s defunct UST token.
Tron founder Justin Sun appears to be tired of fielding questions about the next iteration of the USDD algorithmic stablecoin.
"USDD 2.0 is about to launch with a 20% APY, fully subsidized by Tron DAO. All interest will be sent in advance to a transparent address," he posted to X. "There’s no other reason, it’s simply because we have plenty of money. So, stop asking me questions like 'where does the yield come from.'"
The stablecoin launched in 2022 as a competitor to Terra’s now UST token. It is backed primarily by Tron’s TRX native token. USDD is supposedly managed by Tron DAO.
