The USDD Stablecoin Will Be Over-Collateralized, According To Justin Sun

Justin Sun has said that the USDD stablecoin would get bolstered with stable and unstable assets. It includes decentralized stablecoins to ensure its stability. Cryptocurrency payment should use $USDD as the new payment currency.

Significance of the USDD Stablecoin

Decentralized stablecoins are difficult to come by. Nonetheless, despite the recent developments, they’re optimistic about their prospects. After seeing Terra’s rise, they got the inspiration to create the USDD stablecoin. Circulating UST volume outstripped all other competitors by double at its zenith. Terra seemed to win the stablecoin war while UST was in danger. Despite the LFG’s best attempts, most of UST’s collateral assets were LUNA.

BTC accounted for below 15% of UST. Over the past 2 weeks, we’ve seen the ramifications of these blunders. They built a superior decentralized stablecoin. But they had to consider the issues UST experienced and benefit from them.

In contrast to Terra, the TRON blockchain has the world’s greatest trading USDT supply. On-chain, TRON has the most stablecoin supply. They’ve had tremendous success and acceptance in their DeFi network. It was all thanks to an emphasis on stablecoin liquidity and adoption.

TRON’s network has been flourishing. USDD would be a novel decentralized stablecoin supported by stable and volatile assets. There are a few high-quality, low-volatility assets that USDD will give support to. Currently, the collateralization rate is between 180% and 200%.

The team will proceed with caution if they raise the USDD supply gradually. TRON holders will profit from USDD’s success. The TRON price from many practical use cases enables USDD holders to manage risk. The TRON DAO Reserve recruited a great team of elite researchers to fulfill this USDD goal.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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