With the continuous emergence of new hot spots such as inscriptions, MEME, and RWA, blockchain and cryptocurrencies have ushered in a period of rapid development. Among the many new tracks and new projects, Justin Sun, the founder of TRON and a big name in the blockchain industry, has always been optimistic about the stablecoin market.
As early as 2019, Justin Sun promoted the issuance of stablecoins on TRON with his forward-looking strategic vision and keen market insight. Thanks to his efforts, TRON ** has reached a strategic cooperation with Tether, the parent company of the stablecoin USDT, so that USDT can be successfully launched on the TRON public chain in the second quarter of 2019.
In May 2022, USDD, the world's first decentralized super-collateralized stablecoin, was officially launched, marking another solid step forward for Justin Sun and his TRON in the field of decentralized finance and stablecoins. Since its official launch, USDD has developed rapidly. Up to now, the total issuance of USDD, a decentralized super-collateralized stablecoin on TRON founded by Justin Sun, has exceeded 73.8 billion, with a total pledge of over 17$6.7 billion, with a pledge rate of 23941%。
Some people may not be very familiar with USDD, here is a brief introduction: USDD (Decentralized USD) is a decentralized super-collateralized stablecoin initiated by TRON DAO Reserve and a number of mainstream blockchain institutions, which is currently circulating on 11 mainstream public chains such as TRON, BTTC, and Ethereum.
The main features of USDD are security and transparency. According to the data, USDD is currently one of the stablecoins with the highest collateralization rate in the cryptocurrency field, and it is over-collateralized by a variety of mainstream digital assets, including TRX, the main token of TRON founded by Justin Sun, and USDT, the stablecoin of TRON. Because the total value of these collateral assets is much higher than the circulating market value of USDD, USDD can effectively resist the risks caused by various market fluctuations, and has very high security and reliability, which is the main reason why USDD is widely recognized by the international community and loved by blockchain users.
At the same time, the official website of USDD (USDDIO) and TRON DAO Reserve (TDR.).org) provides 24-hour real-time public query of the staking rate for USDD, which is highly transparent, which further enhances the trust of customers in USDD.
In recent years, USDD has continued to expand its application scope. According to the latest news, not long ago, the decentralized super-collateralized stablecoin USDD has officially launched the Wallacy wallet. This wallet is a hybrid gamified crypto wallet that aims to combine DEX and CEX to create a superior crypto experience for users. Under the promotion of Justin Sun, USDD has successfully cooperated with Wallacy Wallet, which not only enriches the application scenarios of USDD, but also provides convenience for more users around the world to contact and use USDD.
With the resurgence of the blockchain industry, it is believed that Sun Yuchen's layout on the popular blockchain tracks such as stablecoins has reached the moment to reap the results.