USDD, the algorithmic stablecoin backed by Justin Sun, has launched natively on Ethereum after first debuting on Tron in 2022. The rollout includes a Peg Stability Module for minting and swapping with USDT/USDC, plus an airdrop for early adopters and a savings version (sUSDD) offering up to 12% APY. Despite the expansion, rating agency Bluechip still flags USDD’s collateralization and decentralization risks.

USDD, the algorithmic stablecoin backed by Justin Sun, has launched natively on Ethereum after first debuting on Tron in 2022. The rollout includes a Peg Stability Module for minting and swapping with USDT/USDC, plus an airdrop for early adopters and a savings version (sUSDD) offering up to 12% APY. Despite the expansion, rating agency Bluechip still flags USDD’s collateralization and decentralization risks.
The Block

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