[Krour]

Following UST terra's stable coin steps.
TRON is launching it's algorithmic stable coin with a promise to deliver 30% APY which will be the highest paying APY for stables.

Here's a full article about it, very nice finally some competitions which is always healthy for us.

https://www.newsbtc.com/news/tron/tron-j...e-is-when/

and the price of TRON just jumped 17% following the news.

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"If launched successfully, USDD will provide its users with the largest APY for staking a stablecoin in the crypto ecosystem. This would surpass Terra’s Anchor Protocol’s 19% APY, and the upcoming NEAR’s 20% APY, if it launches."

"This announcement has caused controversy in the crypto community. Some users accused Sun of copying Terra’s UST mode.
The founder of Terra and CEO at Terraform Labs, Do Kwon, welcomed the initiative and hinted at a potential partnership with TRON."

Let's see what NEAR brings to the table; this is good news.

[UNKNOWNI]

This explains why it jumped so much in a few hours, very good news.

[SUI-3183372]

Is 2022 the year to see which stable can implode the hardest? I'm enjoying the show but I'm of the belief this isn't sustainable.

Whatever stable does come on top for 'biggest implosion of the year' award better be ready to hold Tether's beer not too long after.

[Krour]

Is 2022 the year to see which stable can implode the hardest? I'm enjoying the show but I'm of the belief this isn't sustainable.

Whatever stable does come on top for 'biggest implosion of the year' award better be ready to hold Tether's beer not too long after.

It doesn't matter who's on the top really as long as it works i don't think people mind using multiple stable coins at once because they all serve the same purpose. And they do exactly what they are ment to do.

And about sustainability people who buy a stable coin to stake and get the APY are holders and they are growing by the day, as long as it keeps growing yiu don't have to worry about sustainability because people will only take profits and keep the majority of thier money staked. So it won't have a problem at all unless alot of people take all their money out together which won't happen because people stake for the awards not the investment.

Anyways this is a great way to earn passive income and it's a good to see alot of stable coins being made so we can chose any project and have the options to chose and use multiple ones at once... So things are only getting better for crypto and investor.

[UNKNOWNI]

This APY is insane though, wondering if Blockfi plans to fight against it because this will rip many customers from their side.