Justin Sun, a crypto entrepreneur, recently grabbed headlines for eating $6.2 million worth of banana art, which he won from Sotheby’s Auction House. Now, he’s once again making news by announcing USDD 2.0, a new iteration of stablecoin.
USDD 2.0 https://t.co/MxD01cuSOw
— H.E. Justin Sun ???? (@justinsuntron) November 29, 2024
However, he did not share more details about USDD 2.0.
The moves come after Justin Sun was appointed as a key advisor for World Liberty Financial after his $30 million investment in the project. WLFI is a crypto project backed by upcoming U.S. President Donald Trump and his family.
Donald Trump’s recent victory in the presidential election has ignited a crypto frenzy that has sent Bitcoin to new heights. During the election campaign, He vowed to transform America into “the crypto capital of the world” and establish a ‘strategic reserve’ of Bitcoin.
USDD is a stablecoin launched by the TRON DAO Reserve, which is designed to maintain a 1:1 peg with the USD. It offers a dependable, decentralized option for blockchain transactions and can be utilized for payments, trading, staking, and as a store of value.
As the announcement comes at a very crucial moment, there is a buzz in the market that USDD 2.0 could be connected with WLFI. However, there’s no official confirmation of this.
Also, Justin Sun writes in the latest tweet, “The USDD 2.0 version and Liberland are considering using Elon Musk as the face on the cover of the new dollar.”
Also Read: Justin Sun Ate $6.2 Million Banana Art