Tron’s Justin Sun Sets Sights on USDD Upgrade Before Year-End

In an innovative approach, Justin Sun, the founder of Tron, has announced upgrading USDD stablecoin, the network’s native token. Sun expressed that this development will be the network’s top priority for the year’s final quarter. 

Since Tron’s inception in 2017, it has made remarkable progress in the crypto world, and this upgrade could elevate USDD as a top contender among decentralized stablecoins.

USDD Aims for Decentralized Dominance

Earlier today, Sun shared his vision for USDD in an X post. He declared the digital asset would become the definitive decentralized stablecoin. 

He added that TRX’s $16 billion market cap and over $200 million in liquidity will support this dream. Sun pointed out that Tron has a history of stability, with no daily pullbacks exceeding 5% for over a year. This makes it a more reliable collateral choice than Ethereum in some areas. 

In Q4, Tron’s top priority is upgrading USDD to position it as the definitive decentralized stablecoin in the crypto market. We have several powerful initiatives planned to make this a reality.

Since the initial launch, Tron’s market cap and liquidity depth have significantly…

— H.E. Justin Sun🌞(hiring) (@justinsuntron) October 27, 2024

Sun also emphasized a strong focus on transparency in the issuance of USDD. He aims to set a new industry standard by providing full visibility into reward accounts. Also, Sun plans to outline clear release parameters, reinforcing user trust in the ecosystem.

Tron to Add Bitcoin to USDD Collateral

Looking ahead, Sun revealed that Tron is considering adding Bitcoin, the largest cryptocurrency by market capitalization, as collateral for USDD at the right time. Meanwhile, Tether’s USDT will act as the primary exchange channel for USSD, enhancing USDD’s stability and accessibility in the market.

With these ambitious plans, Tron aims to solidify USDD’s position in the decentralized stablecoin landscape. As the network innovates and prioritizes transparency, the upcoming upgrade could transform USDD into a key player. Tron’s community is intrigued by this news, as it is set to bring fresh excitement to the crypto community.

Tron’s Growing Influence in the Crypto Market

Tron, the EVM-compatible Layer-1 blockchain, has emerged as a major player in the space. According to DefiLlama, the blockchain boasts an impressive Total Value Locked (TVL) of $7.14 billion. 

Recent reports revealed that Tron’s revenue hit an All-Time High (ATH) of $151.2 million in Q3, surpassing Ethereum and Bitcoin blockchains. This notable surge marked a 29% increase from the previous quarter. These figures showcase Tron’s robust growth and potential as it innovates.