Justin Sun Launches USDD 2.0 with 20% APY Subsidized by TRON DAO
- USDD 2.0 will offer a 20% annual percentage yield (APY), fully subsidized by TRON DAO.
- The stablecoin’s market cap is $746 million, significantly smaller than Tether (USDT) and USD Coin (USDC), which have market caps of $137 billion and $45 billion, respectively.
- USDD was initially launched in May 2022 with a 30% APY, later reduced due to market constraints.
- The stablecoin trades primarily on decentralized exchanges within the TRON ecosystem and centralized platforms like KuCoin, Bybit, and Gate.io.
Justin Sun announced that USDD 2.0 will provide a fully subsidized 20% APY through TRON DAO. Despite its $746 million market cap, USDD remains far from competing with larger stablecoins like USDT and USDC.
