Justin Solar, founding father of TRON blockchain, introduced immediately that USDD 2.0 will provide a 20% annual share yield (APY), totally backed by TRON DAO.
USDD 2.0 is about to launch with a 20% APY, totally backed by @trondao . All curiosity might be despatched upfront to a clear tackle. There’s no different cause—it’s just because we’ve got loads of cash. So, cease asking me questions like “the place does the yield come from.”
— H.E. Justin Solar 🍌 (@justinsuntron) January 15, 2025
“All curiosity might be despatched upfront to a clear tackle. There’s no different cause—it’s just because we’ve got loads of cash,” Solar posted on X.
USDD, launched in Might 2022 as a decentralized stablecoin on the TRON blockchain, initially supplied a 30% APY. Nevertheless, this yield was later lowered amid market constraints.
This new revival of the stablecoin will now provide 20% APY amid the late stage of a bull market, which can decide up once more after Trump takes workplace on January 20.
The stablecoin at present maintains a market cap of $746 million, with buying and selling primarily occurring on decentralized exchanges inside the TRON ecosystem and centralized platforms together with KuCoin, Bybit, and Gate.io, in accordance with CoinGecko knowledge.
As of January 2025, the stablecoin market stays dominated by Tether (USDT) and USD Coin (USDC), with market caps of $137 billion and $45 billion, respectively.
Different stablecoins providing excessive yields embrace Ethena’s USDe, which was providing 20% APY earlier in 2024 however has since dropped its yield to 11%.
One other notable stablecoin yield could be discovered on DAI, which provides 12% APY on Spark procotol. Moreover, USDC provides a 4.1% APY for deposits utilizing Coinbase Pockets.
The launch of USDD 2.0’s 20% yield brings to thoughts the high-yield provides of Anchor Protocol on the Luna blockchain.
In 2022, Anchor’s stablecoin, UST, collapsed and misplaced its peg to the greenback, inflicting a ripple impact that led to a lack of $40 billion.
