Forget about bank fixed deposits? This "Flexible Dollar" quietly offers a 12% interest
Recently, Old Zhang has been constantly telling me that the bank interest rates are pitifully low, and investing in stocks makes him anxious. He wants to find a place where his money can be as flexible as a savings account while still generating some "stable income" like in the past. This dilemma was resolved when he discovered a "magical dollar" called USDD in the crypto circle.
In simple terms, USDD is a cryptocurrency stablecoin pegged to 1 dollar, but it is backed by over-collateralized assets, keeping its price very stable. Even better, it not only seeks stability but also allows your USDD to "generate eggs" on its own. Recently, it collaborated with Binance Wallet to create a big deal: if you deposit USDT, exchange it for USDD, and then simply stake it, you can easily earn about 12% annualized returns, plus additional rewards. This product called Yield+ attracted over 200 million dollars in just a few days after its launch, demonstrating its popularity.
These returns are not just empty promises; they come from real income on the protocol chain and have strong sustainability. Currently, the total value locked (TVL) in the entire USDD ecosystem is approaching 9 billion dollars, firmly placing it among the top stablecoins, which itself is proof of its safety and consensus. Besides using it in Binance Wallet, you can also earn decent returns with USDD through liquidity mining or lending on some mainstream DeFi platforms.
The ambition of USDD goes beyond this. It has already connected multiple mainstream blockchains such as Ethereum and TRON, circulating like a flexible "digital dollar" across different networks and integrating into more and more payment and transaction scenarios. It insists on full-chain transparency, undergoes strict audits, and hands governance power to the community, truly following a decentralized path.
So, if you are also looking for a safe and vibrant place for idle money, the "earn while holding" stable model offered by USDD might be worth a few minutes of your time to understand. In this era of uncertainty, sometimes the greatest innovation comes from a redefinition of "stability" and "reliability".