An algorithmic USDD stablecoin has been launched on the Tron network. The asset is available on Ethereum and BNB Chain via the BTTC protocol.
USDD is backed by a TRX token and $10 billion worth of cryptocurrency assets. However, which assets are included in the reserves is unknown.
Earlier, Tron founder Justin Sun said that the annual yield on the stabelcoin will be 30%.
For now, the asset is only available on Uniswap and Pancakeswap.