USDD Stablecoin: Justin Sun Addresses the Removal of Bitcoin Backing
Thursday, 22 August 2024, 21:06
Key Changes to USDD Stablecoin
In a surprising move, the Tron DAO Reserve has removed almost $750 million worth of Bitcoin backing the USDD stablecoin. Justin Sun, founder of Tron, has attempted to reassure users amidst this major shift.
Impact on Users
- Concerns about stability arise as significant backing is withdrawn.
- Sun emphasizes the resilience of the USDD structure.
- Users encouraged to stay updated on developments.
Future of USDD
The stability of the USDD stablecoin is now under scrutiny. With this dramatic shift in backing, investors and users alike are closely monitoring the situation.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.