Justin Sun announces Tron’s USDD 2.0 stablecoin with 20% APY
Justin Sun has announced the launch of USDD 2.0, a new version of Tron’s stablecoin, offering a 20% annual percentage yield (APY). Tron will fully subsidize this yield, and Sun claims the company has enough funds to support it. However, the community is skeptical due to the issues faced by USDD 1.0. USDD 1.0 was launched in 2022 with a 30% APY, which was later reduced due to market instability.