USDD 2.0 marks a six-month milestone with an impressive total value locked (TVL) of over $600 million. Recent discussions explore its stability mechanisms and the impact of new regulations.
Achievements of USDD 2.0 in Six Months
According to USDD representatives, the stablecoin USDD 2.0 has shown confident growth over the past six months.
- Total value locked (TVL) has exceeded $600 million. - Collateral ratio remains strong at 105% to 120%. - It offers attractive tiered returns at 20% APY. - The number of token holders has surpassed 442,000. - Stability is supported by a multi-layered system, including PSM module, safe liquidation, and auction system.
Impact of the Genius Act on the Stablecoin Market
The discussion on the new Genius Act, representing the first federal legislation for stablecoins in the U.S., revealed the potential impact on innovation in this sphere.
- New transparency and reserve requirements could boost trust but tighten competition. - Stricter entry rules may leave only licensed institutions in the market, which will undoubtedly affect future strategies.
Community Vote Results
During the AMA, a vote was held among participants. The majority expressed that "over-collateralized safety" is the most important characteristic for next-generation stablecoins. This emphasizes the significance of liquidation mechanisms and peg support for system protection.
The overview of USDD 2.0's achievements and discussions on new regulations indicate that transparency, compliance, and sustainability will be central aspects of stablecoin development in the future.
