Re: Justin Sun creates "the most decentralized Stablecoin"

Quote from: tvplus006 on April 22, 2022, 03:29:18 PM

The founder of Tron, the well-known Justin Sun decided to launch a decentralized Stablecoin called Decentralized USD (USDD). The difference from all existing ones, according to Justin Sun, will be that USDD will be “the most decentralized stablecoin in human history.”
In his message on Twitter, he says https://twitter.com/justinsuntron/status/1517143091722940417 "The USSD will provide custody services for the $10B worth of highly liquid assets raised from blockchain industry initiators and use them as an early-stage reserve. The TRON DAO will set its basic risk-free interest rate to 30% per annum".

Do you think USDD will be more decentralized than existing decentralized stablecoins?

https://i.ibb.co/dQzZcSq/345344.gif

updated

Quote from: tvplus006 on May 06, 2022, 11:01:19 AM

On May 5, a decentralized algorithmic USDD stablecoin was launched on the Tron network, which is also available in Ethereum and BNB Chain. In addition, USSD mining in these networks was also announced.
The Official Guide on USDD Mining: https://medium.com/@usddio/the-official-guide-on-usdd-mining-decentralized-algorithmic-stablecoin-on-tron-cc05081156e9
Guide how to transfer USDD from one network to another: https://medium.com/@usddio/usdd-cross-chain-tutorial-8eb5f58f3089

I think he's trying to get people to short him. The protocol has pretty much the same mechanics as Luna / UST.

The only difference is Justin Sun has a LOT more money than Terra. They're small fish.

Would i short the man who bought this art piece for 78M+?

https://news.artnet.com/app/news-upload/2021/11/FNY21-Macklowe-10788-Alberto-Giacometti-Le-Nez-copy.jpg