In a significant development for the cryptocurrency market, USDD, the largest native stablecoin on the TRON network, has announced its adoption of the Chainlink data standard for pricing. According to analysts cited in the report, the outlook is promising as this strategic move aims to enhance the stability and reliability of USDD's value across various blockchain platforms.
Integration of Chainlink Price Feeds
With the integration of Chainlink Price Feeds, USDD will now have its price reference powered by Chainlink on multiple blockchains, including TRON, Ethereum, and BNB Chain. This ensures that users can expect consistent and verifiable pricing, regardless of the platform they are using.
Strengthening USDD's Peg and Functionality
The reliance on Chainlink not only strengthens USDD's peg to the US dollar but also improves the functionality of smart contracts that incorporate the stablecoin. This development is expected to bolster user confidence and expand the use cases for USDD in the decentralized finance (DeFi) ecosystem.
In contrast to the recent developments in USDD's pricing strategy, Zcash has shown notable price stability amid decreasing regulatory concerns and an upcoming network halving. For more details, see the full article here.
