On February 5, Justin Sun, founder of TRON and global advisor of crypto exchange HTX, held a session to discuss updates to USDD 2.0. The new version of the stablecoin gained traction within the crypto community due to its innovative stability mechanisms.
USDD 2.0 Update and Its Features
Launched on January 25, USDD 2.0 is the latest updated decentralized stablecoin on the TRON network. The stablecoin aims to maintain a 1:1 peg to the USD using a variety of stability mechanisms, including over-collateralization, a liquidation and auction model, risk management, real-time monitoring, and the Peg Stability Module (PSM). The PSM is a vital component, allowing quick swaps of USDD for other stablecoins with nearly zero gas fees.
20% APY on USDD Staking
Sun emphasized that USDD can be swapped 1:1 for USDT at any time, with no limit, potentially offering higher yields. Currently, USDD staking in Tier T1 offers a 20% annual yield, backed by TRON DAO. HTX also provides a 20% APY bonus for its USDD Flexible product. This has led to a tenfold increase in subscribed assets. Users can stake USDD on HTX or JustLend DAO and enjoy a guaranteed 20% yield.
Future Prospects and HTX Developments
HTX plans to list $HTX on a major regulated exchange to enhance its market position. The strategy focuses on identifying promising projects based on independent research. Future developments will concentrate on the AI sector.
TRON's USDD 2.0 aims to carve out its place among decentralized stablecoins, offering a range of innovative features. With its stability mechanisms and yield potential, USDD could become a key player in the crypto world.
