USDD
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On Tron Network, more than 700 million USDD worth of tokens were burned. Those coins were destroyed on the Tron network, according to Whale Alert, which was reported by PANews.
#USDD #BinanceLaunchpoolRED $TRX
#USDD #BinanceLaunchpoolRED $TRX
Strengthening USDD and TRON’s Market Position
In just three days since its launch, the decentralized stablecoin USDD, operating within the TRON ecosystem, has swiftly exceeded the $100 million mark in circulation. This milestone, achieved solely through on-chain transactions without any exchange intervention, was proudly announced by TRON’s founder, Justin Sun, in a post on X (formerly Twitter). Sun emphasized that USDD will receive the same level of ecosystem support as USDT, reinforcing its role as a key financial instrument within the TRON network.
As part of TRON’s long-term vision, USDD’s position will be strengthened through solid backing and exclusive incentives for early adopters—a strategy reminiscent of Sun’s previous reward-driven initiatives. This approach not only solidifies the stablecoin’s presence but also enhances its attractiveness to users seeking decentralized financial solutions. With its rapid adoption, USDD is positioning itself as a formidable competitor to established stablecoins like USDC and USDT, potentially reshaping the market dynamics.
The cryptocurrency landscape is witnessing a surge in demand for decentralized stablecoins, highlighting a growing confidence among users in these digital assets. The rapid expansion of USDD reflects the increasing trust in decentralized finance (DeFi) and a shift toward alternative stablecoin solutions. As adoption continues to rise, USDD’s influence in the stablecoin sector is expected to grow further, paving the way for broader market integration and a stronger foothold in the global crypto ecosystem.
#TRON #USDD #CryptoAdoption #StablecoinGrowth #DecentralizedFinance $TRX
In just three days since its launch, the decentralized stablecoin USDD, operating within the TRON ecosystem, has swiftly exceeded the $100 million mark in circulation. This milestone, achieved solely through on-chain transactions without any exchange intervention, was proudly announced by TRON’s founder, Justin Sun, in a post on X (formerly Twitter). Sun emphasized that USDD will receive the same level of ecosystem support as USDT, reinforcing its role as a key financial instrument within the TRON network.
As part of TRON’s long-term vision, USDD’s position will be strengthened through solid backing and exclusive incentives for early adopters—a strategy reminiscent of Sun’s previous reward-driven initiatives. This approach not only solidifies the stablecoin’s presence but also enhances its attractiveness to users seeking decentralized financial solutions. With its rapid adoption, USDD is positioning itself as a formidable competitor to established stablecoins like USDC and USDT, potentially reshaping the market dynamics.
The cryptocurrency landscape is witnessing a surge in demand for decentralized stablecoins, highlighting a growing confidence among users in these digital assets. The rapid expansion of USDD reflects the increasing trust in decentralized finance (DeFi) and a shift toward alternative stablecoin solutions. As adoption continues to rise, USDD’s influence in the stablecoin sector is expected to grow further, paving the way for broader market integration and a stronger foothold in the global crypto ecosystem.
#TRON #USDD #CryptoAdoption #StablecoinGrowth #DecentralizedFinance $TRX
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USDD 20% APY?! Sun is recently losing a bit badly, it seems he plans to harvest a wave of leeks to recover. Recently, he has been frequently posting to hype USDD, but unfortunately, everyone is already an old leek, and no one is taking the bait. Seeing that there are no leeks left to harvest, he angrily slammed the table, breaking the table legs... Unfortunately, no matter how many tables he slams, it won't change the fate of losing anchor! #usdd
Warning ⚠️ Tether's (USDT) misleading claims about its reserves and lack of transparency raises concerns about the true stability and reliability of $USDT
Possibility of Depegging ⚠️ (Losing the $1 Peg)
Although USDT usually maintains a value close to $1, its price can deviate in certain situations. Such deviations often occur during periods of extreme market volatility or when there is a lack of confidence in Tether's stability.
Examples of USDT Dropping Below $1:
April 2017: During cryptocurrency market volatility, USDT dropped to around $0.91 as doubts arose about Tether's ability to maintain backing. 🚩
October 2018: USDT experienced a sharp drop to $0.85 after rumors of Tether's insolvency and insufficient reserves to back all issued tokens.
Centralization ⚠️
USDT is a centralized stablecoin, meaning its issuance and control are managed by Tether Limited. Centralized stablecoins are exposed to risks such as regulatory interventions or liquidity issues if the company faces legal or financial challenges.
⚠️ Credit Risk and Growing Competition
If Tether's reserves are not sufficiently diversified or secure, credit risk may arise. Additionally, stablecoins like #USDD , #DAI (#USDS ) or usual's #USD0 offer more decentralized alternatives, threatening USDT 's long-term dominance in the market.
These factors, combined, can lead to volatility or a weakening of investor confidence in USDT. ❗
Last but not least #USDT cannot be subscribed for earning interest citing binance "due to your current local restrictions these assets cannot be subscribed". WFT?
Possibility of Depegging ⚠️ (Losing the $1 Peg)
Although USDT usually maintains a value close to $1, its price can deviate in certain situations. Such deviations often occur during periods of extreme market volatility or when there is a lack of confidence in Tether's stability.
Examples of USDT Dropping Below $1:
April 2017: During cryptocurrency market volatility, USDT dropped to around $0.91 as doubts arose about Tether's ability to maintain backing. 🚩
October 2018: USDT experienced a sharp drop to $0.85 after rumors of Tether's insolvency and insufficient reserves to back all issued tokens.
Centralization ⚠️
USDT is a centralized stablecoin, meaning its issuance and control are managed by Tether Limited. Centralized stablecoins are exposed to risks such as regulatory interventions or liquidity issues if the company faces legal or financial challenges.
⚠️ Credit Risk and Growing Competition
If Tether's reserves are not sufficiently diversified or secure, credit risk may arise. Additionally, stablecoins like #USDD , #DAI (#USDS ) or usual's #USD0 offer more decentralized alternatives, threatening USDT 's long-term dominance in the market.
These factors, combined, can lead to volatility or a weakening of investor confidence in USDT. ❗
Last but not least #USDT cannot be subscribed for earning interest citing binance "due to your current local restrictions these assets cannot be subscribed". WFT?
See original
Should we trust Sun Yat-sen or Qin Shi Huang?
Alright 🤣 but this is not the main point.
The logic of USDD is very much like a scam involving first-class dog coins.
First, 1. The table is provided by the dealer.
Next, 2. The interest is also paid by Sun Yat-sen himself.
Finally, 3. Willing participants take the bait.
A game cannot exist without losers.
Introducing funds is meant to inflate a bigger Ponzi... right?
I don’t know, but the essence of the crypto world is still many Ponzi schemes.
How long this positive flywheel can operate is also unknown.
To quote a group friend's words:
It seems like a party,
but the host will take away all the chips
and can close up at any time.
But do you say that putting money in will definitely result in losses?
Actually, not necessarily.
Just like that Taiwanese Hongyuan that scammed over a hundred billion,
its positive flywheel lasted for over ten years.
Do you say early participants won’t profit?
But I hope my fans understand
this is not some technological innovation.
This is just a game of emotions and the dealer.
Every interest payment is our gamble against Sun Yat-sen's conscience 🤣
But I am very curious,
why is Sun Yat-sen so eager to promote USDD now?
Could it be liquidation of Ethereum?
#孫割 #USDD #TRX
Alright 🤣 but this is not the main point.
The logic of USDD is very much like a scam involving first-class dog coins.
First, 1. The table is provided by the dealer.
Next, 2. The interest is also paid by Sun Yat-sen himself.
Finally, 3. Willing participants take the bait.
A game cannot exist without losers.
Introducing funds is meant to inflate a bigger Ponzi... right?
I don’t know, but the essence of the crypto world is still many Ponzi schemes.
How long this positive flywheel can operate is also unknown.
To quote a group friend's words:
It seems like a party,
but the host will take away all the chips
and can close up at any time.
But do you say that putting money in will definitely result in losses?
Actually, not necessarily.
Just like that Taiwanese Hongyuan that scammed over a hundred billion,
its positive flywheel lasted for over ten years.
Do you say early participants won’t profit?
But I hope my fans understand
this is not some technological innovation.
This is just a game of emotions and the dealer.
Every interest payment is our gamble against Sun Yat-sen's conscience 🤣
But I am very curious,
why is Sun Yat-sen so eager to promote USDD now?
Could it be liquidation of Ethereum?
#孫割 #USDD #TRX
See original
Justin Sun claims that USDD is the "truly decentralized stablecoin" and asserts that it carries no risk of being frozen or collapsing. He also promotes USDD 2.0 with an APY of 20%, fully subsidized by TRON DAO. However, Sun has not provided specific details about the improvements in the new version, causing concern within the community.
USDD 2.0 may adopt an over-collateralized stablecoin model, similar to USDJ, with collateral assets from Wrapped Tron, Tether, and CryptoFlow. Although USDD has a market capitalization of 742 million USD, it remains small compared to USDT (140 billion USD) and USDC (54 billion USD).
The 20% APY raises some concerns about risk, reminiscent of the collapse of UST in 2022. Regulations like the EU's MiCA have banned algorithmic stablecoins, posing a significant challenge for USDD in the future.
#justinsun #USDD #stablecoin
USDD 2.0 may adopt an over-collateralized stablecoin model, similar to USDJ, with collateral assets from Wrapped Tron, Tether, and CryptoFlow. Although USDD has a market capitalization of 742 million USD, it remains small compared to USDT (140 billion USD) and USDC (54 billion USD).
The 20% APY raises some concerns about risk, reminiscent of the collapse of UST in 2022. Regulations like the EU's MiCA have banned algorithmic stablecoins, posing a significant challenge for USDD in the future.
#justinsun #USDD #stablecoin
See original
#Write2Earn #win $ Raise the price of WIN coin and increase #usdd . Anyway, there is a world of Win coins, rise, sell above and keep people inside, it's always the same fraud, you know, there was no centrality in this business.
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Sonic (S) Tests Algorithmic Stablecoin with Sky-High Interest Rates – Will It Repeat the Tragedy of US?
The layer-1 blockchain Sonic (S), formerly Fantom, is testing a new algorithmic stablecoin with interest rates of up to 23%/year. This information was disclosed by Andre Cronje, co-founder of Sonic Labs and one of the most influential figures in the DeFi world, on March 22.
Minimal USD (MUSD) – The New Generation Algorithmic Stablecoin?
Sonic's new algorithmic stablecoin is called Minimal USD (
). The interest rate adjustment mechanism of MUSD will depend on the amount of assets locked in the protocol (TVL - Total Value Locked), with levels:
Minimal USD (MUSD) – The New Generation Algorithmic Stablecoin?
Sonic's new algorithmic stablecoin is called Minimal USD (
). The interest rate adjustment mechanism of MUSD will depend on the amount of assets locked in the protocol (TVL - Total Value Locked), with levels:
See original
The essence of USDD is to increase the liquidity of idle old USDD? ⬇️
Thank you for the explanation, senior! 🫡🫶💓
So, the essence of Sun's Cut
is to allow those idle old USDD
that have no liquidity
according to the old USDD version of Terra Iuna
to regain their original liquidity
and let the whole flywheel start running again
Then, through marketing,
let retail funds fill the gap
And early on, 123musdt has already been pulled
As long as the gap can be filled,
Sun's Cut is using interest money
to exchange for the liquidity of those idle Us
Increase cash flow ⚡️🫶 #孫割 #TRX #USDD #割韭菜
#流動性
Thank you for the explanation, senior! 🫡🫶💓
So, the essence of Sun's Cut
is to allow those idle old USDD
that have no liquidity
according to the old USDD version of Terra Iuna
to regain their original liquidity
and let the whole flywheel start running again
Then, through marketing,
let retail funds fill the gap
And early on, 123musdt has already been pulled
As long as the gap can be filled,
Sun's Cut is using interest money
to exchange for the liquidity of those idle Us
Increase cash flow ⚡️🫶 #孫割 #TRX #USDD #割韭菜
#流動性
According to Whale Alert, the Tron network has lost over 711 million USDD tokens.
Here's what we know about it:
* What USDD is:
* USDD (Decentralized USD) is a decentralized stablecoin linked to the US dollar. It operates in the Tron network.
* What does "downgraded" mean?
* The tokens are downgraded (also known as "burned"), which means that they are removed from circulation. This reduces the USDD's total value.
* Why it's important:
* Token depreciation can affect the price and stability of the stablecoin. It may be done to support the link to the US dollar or to regulate the propposition.
* Source of information:
* This information comes from Whale Alert, a service that is tracking large transactions on the blockchain.
For more information you can check out these sources:
* Ponad 711 million USDD tokens were destroyed in the Tron network - Binance
* Significant overshoot of USDD from Whale Alert - Binance
#USDD
$BTC
$ETH
Here's what we know about it:
* What USDD is:
* USDD (Decentralized USD) is a decentralized stablecoin linked to the US dollar. It operates in the Tron network.
* What does "downgraded" mean?
* The tokens are downgraded (also known as "burned"), which means that they are removed from circulation. This reduces the USDD's total value.
* Why it's important:
* Token depreciation can affect the price and stability of the stablecoin. It may be done to support the link to the US dollar or to regulate the propposition.
* Source of information:
* This information comes from Whale Alert, a service that is tracking large transactions on the blockchain.
For more information you can check out these sources:
* Ponad 711 million USDD tokens were destroyed in the Tron network - Binance
* Significant overshoot of USDD from Whale Alert - Binance
#USDD
$BTC
$ETH
See original
Tron Launches USDD 2.0 with 20% Interest: Opportunity or Risk?
Justin Sun, the founder of Tron, has just announced plans to launch USDD 2.0, an improved version of the USDD stablecoin, with an attractive interest rate of 20% APY, fully subsidized by Tron. The goal of the new version is to address the limitations of USDD 1.0, which previously failed to maintain its peg to the USD.
Significant Commitment of USDD 2.0
20% APY: Tron asserts that all interest will be directly transferred to a transparent address.
Significant Commitment of USDD 2.0
20% APY: Tron asserts that all interest will be directly transferred to a transparent address.
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