America’s housing market may soon be facing its next bubble as home prices across the country continue to be fueled by demand, speculation and lavish spending that could result in a collapse. Moreover, many homeowners are opting to stay put due to climbing mortgage rates, creating a housing shortage. Data from the Federal National Mortgage Association, commonly known as Fannie Mae, found that 92% of homeowners think their current home is affordable. Yet, findings further show that 69% of the general population, consisting of both homeowners and renters, believe it’s becoming too difficult to find affordable housing. Web3 and the real-estate market While the fate of the United States housing market remains unclear, the rise of Web3 business models based around nonfungible tokens (NFTs...
Justin Sun says USDD would be backed by a $10 billion crypto reserve Proper algorithms would be used to retain the USDD tie with the dollar at 1:1 despite volatility 31-year-old crypto figure Justin Sun has revealed plans to launch the first token of the Stablecoin 3.0 era – Decentralised USD (USDD). According to an open letter sent out last week, Sun explained that TRON DAO had initiated efforts with top figures in the blockchain space to launch USDD as the most decentralised stablecoin. The stablecoin will boast a $10 billion backing in a crypto reserve, a figure that Sun said will be raised by the newly-established TRON DAO Reserve over the next six months to one year. The reserve will be made of highly liquid assets and derived from leading entities in the blockchain scene. USDD w...
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