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 data. As enthusiastically stated in the publication, this strategic move aims to enhance the stability and reliability of USDD's value across multiple blockchain platforms.
Integration of Chainlink's Pricing Data
By integrating Chainlink's pricing data, USDD will now benefit from consistent and verifiable price references on TRON, Ethereum, and BNB Chain. This ensures that users can trust the stability of the stablecoin, regardless of the blockchain they are operating on.
Strengthening USDD's Peg and Functionality
The adoption of Chainlink's data standard not only strengthens USDD's peg to the US dollar but also improves the functionality of smart contracts that interact with the stablecoin. This integration is expected to enhance the overall user experience and foster greater confidence in USDD as a reliable digital asset.
In light of USDD's recent adoption of Chainlink's data standard, experts have previously set a bullish target for TRON (TRX), predicting it could reach $0.32 soon. For more details, see the full analysis here.
