Still worried about low interest rates on demand deposits? This "digital dollar" is distributing a 12% annualized return
Recently, my friend Xiao Wei excitedly shared her new discovery with me: "It turns out that money can really 'lie down' and grow!" She simply changed the way she stored a sum of money intended for short-term turnover, and now she can see a slight increase every day, which is much better than keeping it in a regular bank account. The new tool she is using is the recently well-regarded - USDD.
You can think of USDD as a "crypto dollar" that never depreciates; it is always over-collateralized with various assets, and its price is closely pegged to 1 dollar. But its core appeal lies in its ability to allow you to "earn interest on your holdings." Recently, its integration with the Binance wallet has made participation extremely simple: by exchanging USDT for USDD within the app and staking it, you can earn about a 12% annualized return, with funds available for withdrawal at any time. This product attracted over 200 million dollars in just a few days after its launch, demonstrating its popularity.
This return is not without source; it comes from the sustainable operation of the protocol itself. Currently, the total value locked (TVL) supporting the entire USDD system is nearing 9 billion dollars, and the large scale combined with transparent on-chain data together build its safety moat. It has been successfully deployed on mainstream blockchains like Ethereum and Tron, functioning as a financial basic element that can flow freely across chains and automatically generate returns.
So, if you are also looking for a better place for your idle cash, the innovative USDD, which combines the dual characteristics of "stability" and "interest earning," is undoubtedly worth your time to explore further. In this era, maximizing the efficiency of funds may be the most pragmatic financial wisdom.