Tron blockchain’s dollar-pegged stablecoin USDD (decentralized USD) went live on May 5. USDD is in circulation and operates on Tron, BNB Chain, and Ethereum.
Related: Tether releases USDT 9.3 billion on Tron blockchain
An official guide on USDD mining published by the project says that USDD starts the Stablecoin 3.0 era on Tron.
The Tron community has been waiting for the USDD launch for weeks.In April, Tron founder Justin Sun issued an open letter on the coin's release. The latter said that USDD comes to revolutionize the sphere of stablecoins. It is issued by the Tron DAO, and the price peg is maintained due to maths and algorithms.
USDD mining is available on two types of mining platforms; SunSwap/Sun.io/JustLend, and Poloniex. The first one is Tron's platform for stablecoin swap, stake-mining and self-governance, and Poloniex is a centralized crypto exchange.
The USDD team said that SunSwap works with TRON DAO Reserve to ensure a maximum profit of 30% annual percentage rate. Swapping USDD is available on Uniswap V3, Curve, Ellipsis.finance, and Sunswap.