It looks like the stablecoin space is heating up! Justin Sun’s $USDD just landed on the Ethereum network, and it’s not just a casual visit. It’s a strategic move to challenge Tether, the reigning champ of the $2.5T stablecoin market. Read on for how the news affects Best Wallet and its native Best Wallet Token ($BEST ) bid to bring crypto investing and dApps to the masses.
USDD Launches with Peg Stability and a 12% Yield to Kick Things Off
$USDD is coming in hot with a Peg Stability module that lets you swap it directly for $USDT and $USDC. And to get the party started, there’s an airdrop campaign offering an up to 12% annual yield . That’s what you call a welcome gift!
Still, $USDD has its work cut out for it. Tether’s dominance is massive, with a market cap of over $169B compare