March 30, 2020 The Tron Foundation has launched a stablecoin system, similar to that of MakerDAO.

The Tron Foundation has launched a stablecoin system, named “Djed” that is supposedly decentralized, similar to the MakerDAO project that runs on Ethereum. Justin Sun made the announcement on Saturday. The new system, “Djed” will support a USD-pegged stablecoin called “USDJ” and will be collateralized with TRX, the Tron network’s native cryptoasset. Just like MakerDAO, Djed uses a system of smart contracts, collateralized debt positions (CDPs), stability fees, liquidations, and community governance to maintain itself. Tron hopes that Djed and USDJ will help augment Tron’s efforts to grow its ecosystem of decentralized finance (DeFi) protocols.