USDD: New TRON Bockchain Native Stablecoin by josevas217

hive-175254 · @josevas217 · May 5 '22

$4.39

USDD: New TRON Bockchain Native Stablecoin

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Hello Project HOPE community, I hope you are all very well and that your days are going in the best way. I know we are in the red with respect to our investments, as the market has been in free fall these days, but I particularly think that despite this, we must remain calm and think with a calm mind so that we can make the best decisions. 


However, despite the general market downturns, I believe that there are always opportunities. Recently I have been watching how the TRON Price has been going up, placing yesterday even above $0.81, which I think is great, it went up in one day more than 20%. For those of us who make a living on this platform this is good news, since we also earn TRX as part of the profits on our publications. But **What is the reason for this rise in the middle of a market downturn?**

<center>
![image.png](https://cdn.steemitimages.com/DQmRE3J8anQGsMgL7avB4LWrtANB5W8TKSCRXfwSgcjmKec/image.png)
</center>	
<sub><center>Edited in Power Point / [Source](https://pixabay.com/es/illustrations/empresario-gr%c3%a1ficos-tendencia-5669431/)</center></sub>	
<div class='text-justify'>	

It is evident that nothing has a unique answer, much less when we refer to cryptographic projects, which are subject to many pending and will respond differently to different news, but according to what I have been able to see, all this positive movement of TRON is due to the announcement of WOX-DAO, in which Justin Sun, owner of Steemit and TRON Blockchain, announced that there would be a StableCoin native to the TRON network, this is **USDD** *(Decentralized Dollar)* which comes to give a boost to the blockchain and the TRON project in general.


#
This will be an Algorithmic stable coin anchored to the dollar price but backed by another currency, in this case and as I understand it by TRX. The way in which they intend to maintain parity with the dollar is through a token burning mechanism, in which they intend that this **USD/USDD** parity is easily maintained. They will even have a reserve to back the *StableCoin*, in its initial stage, of more than 10 billion dollars.


<center>
![image.png](https://cdn.steemitimages.com/DQmPVe56UV2k7aZb4r8snX2bBghSnBSb9N8kZmo8G9GUKpR/image.png)
</center>	
<sub><center>[Source](https://pixabay.com/es/illustrations/crisis-financiera-bolsa-tendencia-544944/)</center></sub>
<div class='text-justify'>


In the first instance the USDD coin will be present in the TRON network, Ethereum and BSC, according to what I have been able to investigate. And this does not cease to seem to me a positive point for those of us in **STEEMIT** because we can see how one of the currencies that we earn here gains ground.

In a scenario in which the market is bearish, and there is talk of a global economic recession, it seems to me that STABLECOIN can play a very important role, especially in the environment of Decentralized Finance, and at least as long as the US Dollar remains the main store of value in the world. 

Of course, everything can change from one moment to another, and changes will surely continue to occur as we move forward in this 2022, but even though we could see a somewhat chaotic scenario in the world economy the next few months I think very good things will come for those of us who have patience. 

#
## Thank you very much for reading my post. Have a great day.
		
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<center>![image.png](https://cdn.steemitimages.com/DQmben1XxenPNtyezjM28XccGGHNKe1FsjJPrfYtpzbpRMp/image.png)
![image.png](https://cdn.steemitimages.com/DQmXZWft9YK9U3LUYiR9X8gwzvnmmEA46ryxBJ3oXEfx1KN/image.png)
<sub>I authorize the use of this banner to everyone who wants to do it.</sub>
</center>	
[Twitter](https://twitter.com/josevas217?t=r1c8KkpjF1x0jG7S2rOuoA&s=09) | [Instagram](https://www.instagram.com/drjosevasquez?r=nametag) |  [Discord](josevas217#0161) |  [Youtube](https://www.youtube.com/channel/UC-eLxY_AzZxgItbuumy9-4w/videos?app=desktop) |  [Telegram: @josevas217]()
	
<center>![image.png](https://cdn.steemitimages.com/DQmbr3Fq2vz3NioLNck45Ya9hZbr49TP13M2pck8xmsJYoD/image.png)</center> |![josevasGIFT FINAL.gif](https://cdn.steemitimages.com/DQmVUxo1pQqbhHgd3Cv8D8fpNneYmCDoJwV73RmfG5hDV2c/josevasGIFT%20FINAL.gif)| ![LOGOTOP.png](https://cdn.steemitimages.com/DQmeeANZJWcpFoJ2bEr8LpKCPv2Z1W9BCXmrAccSihrpKfH/LOGOTOP.png)
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👍 project.hope, reflektor, sbdpotato, gunthertopp, hingsten, tipu, protoss20, ph-support, bippe, riosparada, tresor, shaunmza, crypto.piotr, bert0, cotina, xpilar, remlaps1, unbiasedwriter, bnk, cmp2020, madridbg, ph-fund, tocho2, vlemon, emiliomoron, cyrusemerson, mauromar, steemgoon.cur, chesatochi, help.venezuela, dgalan, lupafilotaxia, samminator, meppij, chucho27, axel-blaze, benie111, luckyali, akdx, karamyog, cyemela, never.power.down, deathcross, creativeblue, beargame, churchangel, eberechi10, lennyblogs, mccoy02, machnbirdsparo, futuremind, beckie96830, mrsquiggle, solarwarrior, fucho80, tugcenindolabi, amestyj, franyeligonzalez, ckole, kgakakillerg, happyvoter, karupanocitizen, upme, joelagbo, and 265 others
👎 drintsein, imorij

properties (23)vote details (331)

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leeya	16,123,763	35%
takeru255	1,818,047,295	70%
mauromar	64,472,427,839	14%
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thetimetravelerz	13,326,708,021	35%
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misterlangdon	0	2.5%
tresor	404,034,479,394	100%
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menoski	987,357,974	70%
osmarzuares	2,319,417,188	35%
fucho80	24,402,473,435	70%
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buildingpies	17,801,425,894	56%
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contest-w-bounty	416,233,695	35%
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reflektor	1,352,305,307,350	11.9%
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help.venezuela	55,493,239,866	70%
janyasai	3,865,268,712	35%
freevoluntarist	3,674,888,700	100%
ninjacyber	875,023,418	50%
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anhvu292	0	21%
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tocho2	84,779,443,117	15%
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fi2eedom	3,350,686,068	50%
happyvoter	19,497,006,253	100%
rmu01	1,884,833,433	45%
kgswallet	606,363,894	35%
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@alokkumar121 · May 5 '22

@tipu curate 2

properties (22)

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@tipu · May 5 '22

<a href="https://tipu.online/curator?alokkumar121" target="_blank">Upvoted  &#128076;</a> (Mana: 2/6) <a href="https://steemit.com/steemit/@tipu/tipu-voting-quick-guide" target="_blank">Get profit votes with @tipU :)</a>

properties (22)

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@joelagbo · May 6 '22

Bitcoin backed stable coins are the new wave for crypto projects. I hope tron works it out well.

properties (22)

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`root_title`	"USDD: New TRON Bockchain Native Stablecoin"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 SBD
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@samminator · May 6 '22

I think this is a positive news for the TRON ecosystem. Having a new stablecoin in the TRON Blockchain is really a welcome development. I know this will positively impact the ecosystem.

Nice one buddy

👍 samminator

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@mccoy02 · May 6 '22 (edited)

Its indeed a great news this news have been circulating late last month and i was very excited to see this new development interestingly the stable coin will also be used to burn TRX token it was announced over $175million worth TRX will be burned on launch i guess a lot of investors have been accumulating more TRX to their holding overall it a big new for steemit community as well thanks for sharing.


![Screenshot_20220506-212810.png](https://cdn.steemitimages.com/DQmPjFMZHJ9qMgGDtj6WKJvSjay1q2uN7H1QjWHP1pghmYU/Screenshot_20220506-212810.png)

👍 mccoy02

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@qsyal · May 6 '22 (edited)

Tron has been burning millions and millions of tokens for the past months, and now it comes up with a new mechanism (inspired by LUNA project) to burn more tokens. I think it's just a matter of time to see most major exchanges listing USDD, and this is going to exert more demand pressure on Tron. Interesting, to say the least

Thanks for sharing @josevas217

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@ramsesuchiha · May 6 '22

Hi dear friend @josevas217

This is how it happened with the terra blockhain and people bought so much satble coin that they pushed the price from cents to 100 dollars, hopefully it will happen anyway, I have some TRX accumulated

god bless you

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@emiliomoron · May 7 '22

Hello friend, it really is good news, as you say it is a plus for those who are in Steemit because we are also rewarded with TRX, and it is good to see how this blockchain is gaining ground and continues to grow.

👍 emiliomoron

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@amestyj · May 7 '22

Hello dear @josevas217, I think this is excellent news, considering that we perceive trx in steemit, if everything goes well, there could be the trx increase that many expect.

See you later, have a great week.

👍 amestyj

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@thetimetravelerz · May 7 '22

Hi  @josevas217
I did notice how this news caused a TRX price bump. It would be interesting to see who wins the race of the stable coins (Not that there is one for stable coins)
Perhaps it has some very interesting use cases that can add value to the tron ecosystem.

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@ga38jem · May 8 '22

Thank you for this update! I was wondering what this USDD in my Tron Wallet was. I hope they will be succesfull with their plan :)

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