Ethereum Welcomes USDD: New Stablecoin Launches with Up to 12% APY

USDD, a new stablecoin backed by the USD and developed by Justin Sun’s Tron foundation, has launched on Ethereum. It offers immediate access to seamless swaps using USDT and USDC thanks to a CertiK-audited Peg Stability Module. The launch is accompanied by an Ethereum airdrop campaign rewarding USDD holders with up to 12% annual yield. This new addition opens doors for DeFi applications like lending services, liquidity pools, and yield farming.