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Recently, I've been looking at various stablecoin projects, and the more I look, the more I realize a reality: everyone says 'not afraid of volatility', but when the market really crashes, the most important thing is still—whether the money is stable.

At this moment, I paid attention to USDD (@USDD - Decentralized USD) again. Honestly, its popularity is not without reason. Compared to many projects that claim to be 'stable' but are not at all, USDD is the type that lays its cards on the table—transparent, straightforward, and not gimmicky.

First, let's address the most critical point: it is over-collateralized.

What does that mean? It means that the assets it uses to back up and withstand risks are greater than the USDD it has issued. In other words, even if the market suddenly crashes, it has enough 'confidence' to avoid a collapse. This design is quite simple, but it is really effective.