Tron launches DeFi platform with stablecoin

by in Cryptocurrency News

Justin Sun

The Tron Foundation has launched a MakerDAO-style stablecoin emission system secured by crypto.

Justin Sun declared concerning the creation of a “decentralized stablecoin secured by TRX and BTT” in January.

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The constructed network is called Djed. The USDJ stablecoin is tightened to the USD. Users can issue USDJ on bail TRX. BTT is not mentioned in this capacity.

Like the MakerDAO platform, Djed has a stability fee, a collateral elimination mechanism, and a project management community.