'Revolution' Promised by Tron's Justin Sun Looks Like Clone of Terra's Algorithmic Stablecoin

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.Tron, an Ethereum competitor blockchain, is the latest to launch an algorithmic stablecoin inspired by the success of Terra’s UST. It has lofty goals for USDD, but not much else.

Krisztian Sandor is a reporter on the Crypto Explainer+ team. He has written for Forbes and Reuters. He holds BTC and ETH.

But reviews are already pouring in from crypto analysts who have glanced at early details of the project and say it mostly looks like a carbon copy of the Terra blockchain’s fast-growing stablecoin, UST. If the price of USDD falls below $1, users can buy 1 USDD in the external market and then swap 1 USDD for a guaranteed $1 worth of TRX. As a result of the arbitrage, 1 USDD will be burned, and $1 worth of TRX will be minted. Theoretically, as the supply of USDD decreases, USDD's price will increase, to the point where there is no room for arbitrage.

The white paper also unveils the TRON DAO Reserve, “the first decentralized reserve in the blockchain industry.”

Source: Digital Coin News (digitalcoinnews.net)

 

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Lol dude , a stablecoin is just a stablecoin what else do you want it to do? Oh sorry, I got it , maybe you need more clicks on the story 😅

Stablecoin I chose as number one is Tether.

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AshleyDCan US double-Ds coming soon 😆🤣

BREAKING🫣

SuperFarmDAO SUPER coin ready to fly everyone take your place 🔥🚀🚀🚀🌙

How may I implement something like this?

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