### Sun Yuchen Responds to USDD Controversy#
Hot Topic Overview
Overview
Justin Sun recently responded to the controversy surrounding his stablecoin USDD. He said people should stop asking about the next version of USDD and its 20% annual interest rate, claiming "it's just because we have enough money." Launched in 2022, USDD was intended to be a competitor to Terra's now-defunct UST token. Sun's response has raised questions about USDD's revenue source and sustainability.
Ace Hot Topic Analysis
Analysis
Justin Sun has again addressed the controversy surrounding his stablecoin USDD. In response to questions about the source of the 20% annual interest rate offered by the next generation of USDD, Sun told people to stop asking him such questions and simply replied, "Because we have enough money." USDD was launched in 2022 as a rival to Terra's defunct UST token. Sun's response has sparked further questions about USDD's sustainability and transparency, as he has not elaborated on the source of funds and the specific calculation method for the interest rate.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Justin Sun believes USDD's 20% annual interest rate is due to Tron having sufficient funds to back it.
Justin Sun hopes people will stop asking where the next version of USDD's yield comes from.
USDD is an algorithmic stablecoin launched by Tron, aiming to compete with Terra's UST.
USDD's 20% annual interest rate has sparked questions about the source of its yield.