Not to be a hater but Justin Sun is really a pro ponzi scheme artist. The introduction of USDD is timely aftet the downfall of UST meaning he just want to show off that with this move, he can overruled the fear by other investors on what happened on its fate. But literally challenged the system for what? People fomoing and mostly USDD supply probably is on his disposal.
It will take some time before it happened to tron, but if Justin will be careless like Do Kwon, its not impossible especially there are lots of whale hate Justin Sun.
It will take some time before it happened to tron, but if Justin will be careless like Do Kwon, its not impossible especially there are lots of whale hate Justin Sun.
Justin Sun always shills his projects in order to get what he wants. He doesn't care about decentralization as long as his pockets are filled with money. Just like he destroyed the Steem project by manipulating the network's witnesses (validators) for his own personal benefit. USDD and UST are exactly the same thing with different names. If investors are careless, they could lose it all in an instant if USDD goes all the way down the drain.
I would steer clear from any algorithmic stablecoin as they're prone to failure. Only collaterized and regulated stablecoins like USDC and BUSD have a future. Tether claims to be regulated, but its quite shady in its disclosure of USD holdings. Fortunately, regulators will be weighting into the stablecoin industry to minimize scams/frauds as much as possible. Who knows if this becomes the time for the cleansing of the crypto market? Just my opinion
