TronplanstoupgradeUSDDinQ4,aimingtopositionitasaleadingdecentralizedstablecoinbackedbyTRX’s$16Bmarketcap.
JustinSuntargetsa$3BmarketcapforUSDD,leveragingTron’sstrongliquidityandover$2Binannualon-chainrevenue.
Tron’supgradedUSDDwillfocusontransparency,addingBitcoinascollateralandutilizingTRX’sstableperformance.
Tron’sfounder,JustinSun,hasannouncedthatinQ4of2024,thenetwork’stopprioritywillbeupgradingUSDDstablecoin.Theannouncement,sharedonXSun,highlightsTron’sdeterminationtomakeUSDDthemarket’stopdecentralizedstablecoinbymarketcapitalizationandtradingvolume.
InQ4,Tron\'stoppriorityisupgradingUSDDtopositionitasthedefinitivedecentralizedstablecoininthecryptomarket.Wehaveseveralpowerfulinitiativesplannedtomakethisareality.
Sincetheinitiallaunch,Tron\'smarketcapandliquiditydepthhavesignificantly…
—H.E.JustinSun🌞(hiring)(@justinsuntron)October27,2024
SunhighlightedthatTron’scurrentmarketcaphasexceeded$16billion,withover$200millioninliquiditydepth.HeemphasizedthatthesefactorscreateanidealtimingforUSDD’srelaunch.Tronanticipatesitsvaluationcouldriseto$30billion.
AccordingtoSun,thiswouldallowthenetworktocomfortablysupportastablecoinwithamarketcapof$3billionwhilegeneratingreliableon-chainreturnsforTRXholders.
USDDRelaunch:StrengtheningDecentralizedStablecoinMarket
Tron’splantoupgradeUSDDaimstosolidifyitspositionasaprominentdecentralizedstablecoin.SunhighlightedthattheUSDDrelaunchwillprioritizetransparency,offeringfullvisibilityforrewardaccountsanddetailedissuanceparameters.
HealsonotedthatTRXhasbeenstable,withno5%dailypullbacksforoverayear,provingitsreliabilityasUSDDcollateral.SunforecaststhatusingTRXascollateralwillgenerateanannualizedyieldofover10%.
Additionally,Tron’s$2billionannualon-chainrevenueandtokenburnmechanismwillbolsterUDD’sgrowthandstability.Thisfinancialfoundationisexpectedtomeetmarketdemandforadecentralizedstablecoinwithamarketcapbetween$2and$3billion.
CollateralSecurityandFutureDevelopments
Sunacknowledgedtheconcernssurroundingdecentralizedstablecoins,particularlytheissueofcollateralsecurityduringmarketdownturns.Hereassuredthecommunitythattechnicalsafeguardshavebeenimplementedtopreventcascadingliquidations,thoughherefrainedfromdetailingthesemeasuresatthisstage.SpecificreleaseparametersfortheupgradedUSDDwillbeprovidedtoensuretransparencyandconfidenceinthesystem.
SunalsorevealedplanstoincorporateBitcoinasadditionalcollateralforUSDD.USDTistheprimaryPSM(PegStabilityModule)directexchangechannelforthestablecoin.ThesedevelopmentsaimtobolsterUSDD’sroleintheDeFispace,supportedbyTron’sliquidityandmarketgrowth.
cryptonewsland.com