USDD has achieved the significant milestone of upgrading into the first over-collateralized decentralized stablecoin with a ratio of 130%, higher than the one set by DAI, which comes to 120%.
A total of 700 million tokens are in economic circulation. The upgrade has resulted in a faster transaction speed with the highest collateral ratio around the globe.
USDD now enjoys the 130% collateral as a guarantee. In other words, a single USDD is supported by a minimum of $1.3 worth of TRX, BTC, or a stablecoin. Approximately $1.37 billion worth of assets are backing the circulation of 667 million USDD.
The reserve has 10,500 BTC, 1.9 billion TRX, and 240 million USDT in holdings. These are on top of 8.29 billion TRX that are already in circulation.
H.E. Justin Sun, the Founder of TRON, pitched in on occasion to state that the over-collateralized USDD has become a leader in the era of Stablecoin 3.0. He also stated that the upgrade would add more diversified features to underpin the stability.
USDD is on the path to becoming the most reliable decentralized stablecoin with the assistance of $10 billion in reserves pledged by the TDR. Currently, USDD has a stronger net with a collateral ratio of more than 200%.
TDR has gone a step ahead to increase the reserves, a move that is guaranteed to power the over-collateralization of USDD. USDD’s total supply is now backed by highly liquid tokens, including BTC, TRX, and USDT.
TRON, Ethereum, and BNB Chain have hosted USDD. With time, others who have joined the list to offer hosting assistance include Uniswap, Bybit, and KuCoin, among others.
The ever-growing community has a lot in its name when it comes to being someone behind the network’s success. The community is led by TRON DAO, with TRON having more than 96 million registered users on the platform. The ecosystem has stored assets worth $55 billion with an average daily transaction value of $10 billion across the network.
Stablecoins are here to stay, mitigating the risk that cryptocurrencies carry. A beginner has found better fortunes with stablecoins than with cryptocurrency, and the future of stablecoins holds a better picture. With USDD embracing other platforms, it will lead the way for stablecoins towards a new, never before seen era.
The supply and adoption of stablecoin is no longer a question; however, USDD leading the community has set an example and a trend that others will soon follow.
Source: https://www.cryptonewsz.com/usdd-becomes-first-over-collateralized-decentralized-stablecoin/