Finblox, a global crypto investment platform has added TRON’s USDD and USDC as their newest swapping pair available for their users.
Congrats to the new pair! 😌 USDD/USDC has arrived – download Finblox now and swap at https://t.co/3W80B9ygUf#USDD #USDC #swap #crypto #cryptocurrency #tron #btc #Bitcoin pic.twitter.com/H1JX2SJ8pl
— Finblox (@finblox) October 5, 2022
The mentioned swapping pair above is the only available crypto pair for the USDD and most likely in the future, Finblox may add more pairs available for TRON’s algorithmic stablecoin.
USDD was recently introduced by Finblox to its customers last September.
What is Finblox?
Finblox is a platform offering cryptocurrency interest accounts to its users where they can buy and earn rewards on their crypto by simply holding it.
The company was founded by fintech veterans Peter Hoang and Dmitriy Paunin in 2021. Finblox is backed by industry leaders such as Sequoia, Coinfund, MSA, Venturra, and Saison Capital just to name a few.
The crypto investment platform also has one of the most competitive rates in the market, with no minimums, no lock-ins, and no restrictions on when users can withdraw.
Hey Finbloxers,
We’re super excited to announce the addition of Decentralized USD (USDD) at a whopping 11% APY! 🤩
New to Finblox? Don’t forget to download and sign up with this link to earn up to 250 USDC: https://t.co/0TKlBG0F8a pic.twitter.com/rUrYfqZnS2
— Finblox (@finblox) September 14, 2022
Finblox is also known for its minimal user-friendly UI which makes it more clear, more transparent, and easy to use with its customers.
The global crypto investment platform is also about to launch its Finblox Token (FBX) which is the governance and utility token native to the Finblox ecosystem.
What is USDD?
USDD or the Decentralized USD is one of the recently launched stablecoins on the TRON blockchain and it is an algorithmic stablecoin that would be issued as a TRC token on the TRON network.
📢 $USDD / $USDC is live on @finblox!
Start swapping NOW! 👇🏼👇🏼#crypto #decentralized #USDD https://t.co/OO2O9YXtXE
— USDD (@usddio) October 5, 2022
It will leverage the power of mathematics and algorithms to achieve the overarching goal of financial freedom for all. This is similar to the other algorithmic stablecoins such as TerraUSD (UST) and Frax Finance (FRAX).
The TRON DAO Reserve would serve as a transparent mechanism to fully manage the reserves backing the USDD.
The Decentralized USD algorithm will ensure that the newest stablecoin on the TRON blockchain maintains its US dollar peg regardless of the market conditions.
USDD will also be available on Ethereum and BNB Chain through the BTTC cross-chain protocol.
For more news and updates, see Tron Spark.
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