Justin Sun, the founder of Tron, has gained recognition for his bold ideas and willingness to implement them on the Tron blockchain. While some might characterize these ideas as derivative, others see them as strategic adaptations inspired by successful solutions in the cryptocurrency market.
Tron's architecture shares similarities with Ethereum; Tron's aspirations to become a Layer-2 scaling solution for Bitcoin resemble the goals of projects like Stacks; Sun.pump's emergence coincides with the rise of memecoin projects like Pump.fun on Solana. USDD's launch during the 2021 algorithmic stablecoin boom mirrored Terra's UST... Despite the recent surge in TRX price, the long-term success of these adopted concepts on Tron remains to be seen. Many investors primarily associate Tron with its native token TRX and TRC-20 USDT.
Ethena's USDe has piqued investor interest with its promise of staking ETH rewards. However, Justin Sun's USDD 2.0, boasting a 20% yield, raises red flags. The lack of transparency surrounding its yield source echoes the disastrous UST/LUNA collapse in 2022, causing significant losses for investors and bankruptcies across the crypto landscape.
As a cautious investor, I steer clear of USDD 2.0, even if it were USDD 20.0. For secure profit-taking during this crypto cycle, USDT remains my preferred choice. However, should I seek yield while holding a stablecoin during the next crypto winter, USDe presents a more attractive and potentially safer alternative to USDD 2.0.
I would like to know your opinion on this:
- Are you interested in revenue-sharing stablecoins as USDe and USDD 2.0?
- Do you think USDD 2.0 will be successful and bring value to Tron?
- Will traditional stablecoins as USDT & USDC be replaced by revenue-sharing stablecoins?
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