Tron's USDD algorithmic stablecoin has been successfully released. USDD has $103.64 million tokens in circulation on Tron, according to the issuing contract on Tronscan. USDD is also available on Ethereum, Binance Smart Chain, and BitTorrent Chain.

Tron has stated that it will keep $10 billion in Bitcoin and other cryptocurrencies as reserves for its USDD stablecoin.

TRX has reentered Coinmarketcap's top 20 digital assets after gaining 31% in the previous week.

The Tron network now supports USDD, a decentralized algorithmic stablecoin. The stablecoin is currently in use and can be found on Ethereum, Binance Smart Chain, and BitTorrent Chain.

https://twitter.com/usddio/status/1522184584162512896
<h2>The Tron Blockchain Now Has Over $100 Million in Circulation.</h2>
On the Tron blockchain, $103.64 million USDD has been issued, according to the stablecoin's issuance contract. This sum grows to $116,720,006. according to the Tron DAO reserve website. (The mismatch is because USDD is also issued on Ethereum, Binance Smart Chain, and BitTorrent Chain.)

Justin Sun intends to back the dollar with a $10 billion reserve.

Many crypto-twitter community members pointed out that Justin Sun was following in the footsteps of Do Kwon's TerraUSD when news of Tron developing its algorithmic stablecoin hit the internet in late April (UST).

Additionally, Justin Sun stated that he plans to back USDD with $10 billion in Bitcoin and other cryptocurrencies. His plan is identical to Terra's Do Kwon, who wants to increase UST's reserve to $10 billion.

Tron's USDD Stablecoin is Now Live, with over $100 Million Circulations

Tron's USDD algorithmic stablecoin has been successfully released. USDD has $103.64 million tokens in circulation on Tron.

Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

Tron's USDD Stablecoin is Now Live, with over $100 Million Circulations

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