TRON has another algorithmic stablecoin promising double-digit returns. After what happened with, you know, how are insanely high APYs sustainable?

USDD isn't backed by anything and is instead governed by smart contract algorithms. The algorithm governing the stablecoin's dollar-peg is an arbitrage trade between USDD and TRX, Tron's network's native token. And like, you know what, USDD also promises more than 20% per year in returns across several Tron-based projects. On the stablecoin platform SUN, users can earn up to 64% for staking their USDD-TRX liquidity token.

“When USDD’s price is lower than 1 USD, users and arbitrageurs can send 1 USDD to the system and receive 1 USD worth of TRX. When USDD’s price is higher than 1 USD, users and arbitrageurs can send 1 USD worth of TRX to the decentralized system and receive 1 USDD,” Sun said.

“It’s basically a marketing strategy, right? You get everybody involved to participate in the growth of the stablecoin,” Sun said.