According to official news, the TRON decentralized algorithm stable currency USDD was officially issued and circulated on May 5. As of May 6, the total amount of USDD issued was 126,720,006 US dollars, exceeding 120 million US dollars, and the corresponding TRX destruction amount was 1,670,366,012 TRX, exceeding 1.6 billion TRX.
USDD (Decentralized USD) is a decentralized algorithm stablecoin initiated by TRON’s joint reserve and blockchain mainstream institutions.
USDD runs on the TRON network and is connected to Ethereum and Binance Chain through the BTTC cross-chain protocol, and will be connected to more blockchains in the future. USDD uses TRX to link to the U.S. dollar (USD) and keep its price stable to ensure that users can use a stable, decentralized digital dollar system that guarantees financial freedom.