{"id":4030,"date":"2022-05-10T12:39:43","date_gmt":"2022-05-10T12:39:43","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=4030"},"modified":"2022-05-10T12:39:44","modified_gmt":"2022-05-10T12:39:44","slug":"tron-promises-financial-freedom-with-stablecoin-launch","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=4030","title":{"rendered":"TRON Promises &#8220;Financial Freedom&#8221; With Stablecoin Launch"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<h3>Key Takeaways<\/h3>\n<p>USDD has launched on TRON, BNB Chain, and Ethereum.<br \/>\nThe team behind the stablecoin has promised &#8220;zero-risk&#8221; returns of about 30% APY, and users currently need to engage in &#8220;mining&#8221; to capture the yield.<br \/>\nThe blog post announcing USDD&#8217;s launch also made the bold claim that the stablecoin would help make &#8220;financial freedom&#8221; a reality. <\/p>\n<p>Share this article<\/p>\n<p>TRON founder Justin Sun recently said that USDD holders would be able to capture a \u201crisk-free\u201d interest rate of 30%.\u00a0<\/p>\n<h2>TRON Stablecoin Goes Live\u00a0<\/h2>\n<p>TRON says it\u2019s ushering in \u201cthe Stablecoin 3.0 era\u201d with USDD.\u00a0\u00a0<\/p>\n<p lang=\"en\" dir=\"ltr\">#USDD on #TRON has been issued today and is now in circulation. Also available on #Ethereum and #BNBChain! \u2728<\/p>\n<p>\u2705 TRON-USDD:https:\/\/t.co\/OTvCuPNMQm<\/p>\n<p>\u2705 BEP20-USDD:https:\/\/t.co\/1optLt2oLy<\/p>\n<p>\u2705 ERC20-USDD:https:\/\/t.co\/DwWvBJpvpf pic.twitter.com\/LJfvDaHexR<\/p>\n<p>\u2014 USDD (@usddio) May 5, 2022<\/p>\n<p>A new post from USDD\u2019s official Twitter account indicated that the new dollar-pegged asset had gone live today on TRON, BNB Chain, and Ethereum earlier today (TRON is an Ethereum-compatible blockchain; it was accused of plagiarizing Ethereum\u2019s whitepaper when it launched because it shares so many similarities). USDD has also published a Medium post presenting an \u201cofficial guide to USDD mining.\u201d In it, the team says that USDD is \u201cembarking on the Stablecoin 3.0 era on TRON.\u201d\u00a0<\/p>\n<p>The USDD stablecoin launch follows weeks of hype within the TRON community. Among the new coin\u2019s biggest evangelists was TRON founder Justin Sun, who promised in April that USDD holders would be able to capture a \u201crisk-free\u201d 30% interest rate when it launched. Sun said that holders would be able to earn the lucrative yield through the TRON DAO Reserve that was recently established to manage the stablecoin and touted a vision of \u201ca giant leap for mankind in pursuing the ultimate financial freedom.\u201d\u00a0<\/p>\n<p>Today\u2019s guide to USDD mining was shared in a tweet promising \u201cjuicy rewards with zero-risk.\u201d It explains that the new stablecoin is currently available on several trading venues, including the TRON-based exchange SunSwap, BNB Chain\u2019s PancakeSwap and Elipsis Finance, and the early Ethereum DeFi protocols Uniswap and Curve. Users can swap from various stablecoins or trade in their TRX on TRON to get hold of the tokens.\u00a0<\/p>\n<p>The post also details how to participate in USDD mining to earn an interest rate on USDD. It says that USDD mining is live on a TRON-based mining platform and the Poloniex cryptocurrency exchange. \u201cThe designated platform collaborates with TRON DAO Reserve, which can guarantee a maximum profit of 30% APR. The second type is cooperative mining, with the interest rate for returns jointly supported by TRON DAO Reserve and will fluctuate around 30% APR,\u201d the post explains. \u201cTRON DAO Reserve will do its best to ensure a stable interest rate for cooperative mining returns.\u201d\u00a0<\/p>\n<p>The post says that users can mine USDD on BNB Chain\u2019s Ellipsis Finance by entering three pools: USDD-BUSD, USDD-USDT, and USDD-USDC. According to the post, the APR ranges from 23 to 59%. Alternatively, the USDD-TRX and USDD-USDT liquidity pools on TRON\u2019s SunSwap offer \u201cup to 30% mining rewards\u201d from 16:30 UTC.\u00a0Per the blog post, users will also be able to earn a fixed 30% yield by depositing USDD on the lending platform JustLend from May 12.\u00a0<\/p>\n<p>Though the post doesn\u2019t detail exactly how the TRON DAO Reserve will secure the \u201cprofit of 30% APR,\u201d it describes four stages to USDD\u2019s development: Space, ISS, Moon, and Mars. In some senses, TRON\u2019s vision for USDD takes inspiration from Terra and its algorithmic stablecoin, UST. Terra uses a volatile token called LUNA to stabilize UST and has become one of crypto\u2019s largest Layer 1 networks. UST holders can deposit it in a lending protocol called Anchor to earn fixed returns of about 18% APY.\u00a0<\/p>\n<p>Though UST has faced pressure during intense market meltdowns in the past, it\u2019s become the biggest decentralized stablecoin on the market. This year, Terra established the Luna Foundation Guard and embarked on a mission to accumulate billions of dollars worth of Bitcoin to act as a reserve fund for UST, similar to the TRON DAO Reserve USDD will be dependent on. Like TRON, Terra is known for making bold\u2014and occasionally questionable\u2014promises to its community. \u201cThings are gonna get spicy real soon. Beras beware,\u201d an Apr. 21 tweet from Terra\u2019s official account reads, issuing a stark warning to the so-called crypto \u201cbears\u201d that embrace market downturns.\u00a0<\/p>\n<p lang=\"en\" dir=\"ltr\">Things are gonna get spicy real soon. <\/p>\n<p>Beras beware. $UST $BTC<\/p>\n<p>\u2014 Terra (UST) \ud83c\udf0d Powered by LUNA \ud83c\udf15 (@terra_money) April 21, 2022<\/p>\n<p>The blog post announcing USDD mining concludes in a similar tone. \u201cWith USDD, financial freedom is no longer a distant dream but an emerging reality,\u201d it says.\u00a0<\/p>\n<p><em>Disclosure: At the time of writing, the author of this piece owned ETH, CRV, and several other cryptocurrencies. They also had exposure to UNI in a cryptocurrency index.\u00a0<\/em><\/p>\n<p>Share this article<\/p>\n<p>The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n<p>You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n<p>See full terms and conditions.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptobriefing.com\/tron-promises-financial-freedom-with-stablecoin-launch\/?utm_source=category_feed&#038;utm_medium=rss\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways USDD has launched on TRON, BNB Chain, and Ethereum. The team behind the stablecoin has promised &#8220;zero-risk&#8221; returns of about 30% APY, and users currently need to engage in &#8220;mining&#8221; to capture the yield. The blog post announcing USDD&#8217;s launch also made the bold claim that the stablecoin would help make &#8220;financial freedom&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[4],"tags":[],"class_list":["post-4030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4030"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4030\/revisions"}],"predecessor-version":[{"id":4032,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/4030\/revisions\/4032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/4031"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}