USDD on @TRON DAO 🪙

A total of 300 USDD up for grabs

Quiz event is live 🎉

🔗https://x.com/TronDao_JPN/status/2063819249832095849

So, what's USDD all about!?

What's the difference from USDT!?

I'll break it down for you 🧑‍🏫

1. What is USDD?

✅Launched in May 2022

✅Led by the TRON DAO Reserve

(A reserve and management organization created to support the stability of USDD)

✅Supports multiple chains like TRON, ETH, BNB, etc.

✅Current market cap is around $1.3 billion

'A decentralized dollar from the TRON ecosystem'

It is a stablecoin aiming to achieve that.

2. Differences from USDT

✅ USDD = decentralized ≠ centralized

✅ Over-collateralized (holds backing assets exceeding issued amount)

✅ Market cap is approximately $1.3 billion (USDT is $180 billion)

Utilizing smart contracts to

To monitor collateral status and reserve movements, etc.

A strong point is that it can be verified on-chain.

3. Feature #1 'sUSDD'

✅ You can deposit USDD and earn yields

✅ No need to move to external DeFi or lending

The 'capital efficiency' aspect in stablecoins

The effort to add value is

That's a major feature of USDD.

4. Feature #2 'PSM'

✅ Abbreviation for Peg Stability Module

(Like a price stabilization module)

USDD aims for 1 USDD = 1 dollar

Similar to other stablecoins, however,

PSM relates USDD to USDT, USDC, etc.

A gateway to make it easy to exchange 1:1.

The issuer holds reserve assets to maintain it at $1.

In contrast to USDT and USDC, which can be issued and redeemed,

USDD is designed on-chain with PSM and others.

(With a different approach) aiming for stabilization.

USDD competes with massive centralized stablecoins like USDT and USDC using strengths like 'decentralization', 'transparency', and 'low-cost transfers on TRON'.

Looking forward to future movements and marketing, right? 😌

Quiz for prizes 💰 is from the source ✅

Check out the explanatory article related to the quiz here👇