USDD Is Live On Both Tron & Binance Smart Chain - A Stablecoins Pool With 34.07% APY

If you're conversant with the crypto world, you're probably aware that USDD is currently the most popular topic on the Tron community.

Few hours ago the USDD was finally launched, USDD is a new Tron-based decentralized stablecoin backed by TRX. An annual percentage yield of 30% was promised, the token has been listed on some popular exchanges.

USDD was launched and immediately linked over to three different chains: Tron, Binance smart chain, and Ethereum.

Currently, the official website usdd.io only states that there are three pools to farm, two on Tron (sun.io) and one on BSC (ellipsis finance).

On SunSwap you can now swap your TRC-20 tokens to USDD.

Simply go-to sunswap select the token you intend to swap and select USDD

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USDD On Tron Network

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On SUN ecosystem you can deposit, withdraw and swap USDD to other stablecoin on the Tron blockchain.

Simple go-to sun.io, you can easily navigate around the platform, it's user friendly.

Furthermore, there's also a USDD-TRX pool and a USDD-USDT pool. The USDD-USDT pool is now attracting the most attention; it is the one that poses the fewest risks since the user is providing liquidity to two stablecoins whose values seldom fluctuate. This pool already has over 45 million dollars in liquidity, greatly exceeding the USDD-TRX pool's which sit at 12 million. As all investors know, the higher the risk, the higher the potential gain, and the USDD-TRX pool offers far larger USD and SUN rewards than the USDD-USDT pool. Both pools provide USDD and SUN for liquidity and farming, and users can even improve their earnings by using SUN they currently own.

The announced APY was 30%, but things are looking up on the pools right now; the USDD-USDT pool currently has an APY of 34.07% on USDD and 2.5% to 6.37% on Sun, meaning that this pool is paying more than 30% on USDD; keep in mind that the pool pays on both tokens at the same time.

The USDD-TRX pool, on the other hand, offers an APY of 66.72 % on USDD and 8.80 % to 22 % on SUN, which is a high APY that will most likely lapse soon. USDD only started a few hours ago and this APY might settle with time, as more money flows to this pools the more stable the APY will be and the one from USDD-TRX will fall down very soon if more cash flows in.

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USDD On Binance Smart Chain

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Individuals on the Binance smart chain can supply liquidity on ellipsis finance a decentralized exchange built on Binance smart chain, individuals simple supply liquidity through a pool called Decentralized USD / 3EPS, which currently has over 54 million dollars locked in it. Users can provide liquidity to any of these stables to pair with USDD. 3EPS is made up of USDT, USDC, and BUSD.

Simple go-to ellipsis finance, connect wallet, select Decentralized USD / 3EPS and click on Liquidity pool

USDD is now live, and it looks promising with huge returns in investment yields, thousands of investors have already put a lot of money on the pools, the value locked might only climb if things continue to go smoothly. This appears to be a major development for the Tron ecosystem, which serves as a stablecoin testing ground. We can also see this news affecting Tron price positively as the price has surge high.

The stablecoins pools with 34.07% APY looks amazing to me, it's risk free since both tokens are in stablecoin.

This is a great development for the Tron ecosystem, and I hope this keeps pumping the price of Tron and other TRC-20 tokens.

_{REFERENCES SOURCE}

_{https://sun.io/?lang=en-US#/stake}

_{https://ellipsis.finance/pool/0xC2cF01F785C587645440ccD488B188945C9505e7}