USDD

Tiểu sử

USDD (Decentralized USD) is the first over-collateralized decentralized stablecoin with a guaranteed minimum collateral ratio of 120%. The guaranteed over-collateralization using various mainstream cryptocurrencies helps ensure the stability and security of USDD and consolidates its value as a true settlement currency.

USDD was launched collaboratively by the TRON DAO Reserve in May 2022 and the protocol runs on the TRON network and is a standard TRC20 token, now supported by 11 chains. It is decentralized, over-collateralized and chain-agnostic. Also, the PSM can let users swap between USDD and other stablecoins at a 1:1 ratio.

What is USDD?

• Built on the TRON network, USDD benefits from high-speed transactions and robust security.

• Supported by 11 chains: TRON, Ethereum, BNBChain, BitTorrent Chain, Avalanche, Fantom, Polygon, Arbitrum, Aptos, Aurora, and Optimism.

• Decentralized: The USDD protocol aims to provide the blockchain industry with the most stable, decentralized, tamper-proof, and freeze-free stablecoin system, a perpetual system independent from any centralized entity.

• Over-Collateralized: USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX, BTC, and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%.

• Chain-Agnostic: USDD can now circulate on multiple mainstream networks. Users can transfer USDD across different networks via cross-chain bridges. Similar to TRC20-USDT, USDD caters to users’ needs by offering a fast and affordable experience on TRON.

• Peg Stability Module PSM): Peg Stability Module (PSM) is a swap tool launched by the TRON DAO Reserve, aiming to maintain the stability of USDD. Users can swap between USDD and other stablecoins at a 1:1 ratio with no slippage

• USDD has been circulating on 11 public chains, and the total supply has been beyond 720 million, and it’s also embraced by numerous popular platforms, including SUN.io, PancakeSwap, Uniswap, Curve, HTX, Gate.io, KuCoin and so forth.