Tron founder Justin SUN has announced that the network’s top priority in Q4 2024 will be upgrading the USDD stablecoin. The announcement, published in X Sun, highlights Tron’s determination to make USDD the best decentralized stablecoin in the market by market cap and trading volume.
Sun highlighted that Tron’s current market cap has exceeded $16 billion and its liquidity depth is over $200 million. He emphasized that these factors create the perfect time to relaunch USDD. Tron expects its valuation to grow to $30 billion. According to Sun, this will allow the network to comfortably support a stablecoin with a market cap of $3 billion while generating reliable on-chain returns for TRX holders.
Sun acknowledged concerns around decentralized stablecoins, particularly the issue of ensuring security during market downturns. He assured the community that technical safeguards have been implemented to prevent cascading liquidations, although he refrained from detailing these measures at this stage. Specific release parameters for the upgraded USDD will be provided to ensure transparency and trust in the system.
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