The 550-page Epstein case documents released by the Trump administration were completely redacted, and discussions on social media vanished one after another. This kind of "performance of transparency" starkly contrasts with the most scarce quality in the crypto world—true transparency.
When American politicians are busy obscuring the truth, the stablecoin market is undergoing a transparency revolution. As old algorithmic stablecoins frequently collapse, a collateralized stablecoin known as USDD 2.0 is redefining the industry's rules.
01 When political "obscuring" meets crypto transparency
Recently, a performance of "disappearing documents" unfolded in American politics—out of thousands of documents related to the Epstein case, at least 550 pages were completely redacted and unreadable. Even more surreal is that some documents mysteriously vanished from the internet within 24 hours of being made public.
This 'opacity' in the real world precisely contrasts with the core pursuit of the crypto world. Remember the collapse of the algorithmic stablecoin UST in 2022? It evaporated 40 billion USD overnight, the root cause being the lack of real assets backing it, relying solely on a fragile algorithm.
Transparency is the toughest currency for crypto assets. Without it, any fancy white paper is just a castle in the air.
02 USDD: No algorithms, only 'real money'
Just when everyone was still wary of algorithmic stablecoins, USDD 2.0 returned with a brand new 'over-collateralized' gameplay!
In simple terms: If you issue 1 dollar of USDD, I will prepare more than 1 dollar of assets as collateral. This 'do as much as you have' honest strategy has instead become disruptive innovation in a market full of schemes.
As of now, USDD's circulation exceeds 600 million USD, while the value of the underlying reserve assets reaches 860 million USD—collateralization rate exceeds 140%! This means that even with severe market fluctuations, there is enough buffer.
Real reserve assets are more convincing than any algorithmic promise.
03 Earn while holding? USDD plays a new game
Stability alone is not enough; USDD also makes holding coins 'profitable'. Its Smart Allocator system acts like an automated financial manager:
Allocate your USDD smartly across major DeFi protocols to earn interest
Annual yield of about 5.03%, far exceeding traditional banks
Currently, it has accumulated over 6.9 million USD in earnings
Imagine that the USD stablecoin you hold not only doesn't depreciate but also earns money automatically every day—such an experience is almost nonexistent in the traditional financial world.
04 Multi-chain sprint: Go where there is financial promise
USDD knows well that going it alone is not the way forward; it must integrate into major ecosystems:
Native TRON: Hometown territory, deeply integrated
Ethereum: The main battlefield of DeFi, a must-win
BNB Chain: The most active users, a new growth engine
Especially at the Binance Blockchain Week in 2025, USDD's debut on the BNB Chain attracted significant attention from developers. Currently, over 457,000 independent wallets hold USDD, and the multi-chain strategy has played a vital role.
05 The challenge is significant: Giants lurking and regulatory swords
The road for USDD is not smooth sailing:
Head-on with USDT: On the TRON network, USDT occupies 61% of the stablecoin market, being the absolute leader. Challenging the giants requires real skills.
The regulatory sword of Damocles: As Terra founder Do Kwon is sentenced, global scrutiny of stablecoins is becoming increasingly strict. Compliance costs are rising sharply.
Centralization concerns: Currently, the top five addresses control about 67.8% of USDD supply, with the largest address monopolizing 59.4%. The road to decentralization remains long.
06 Future: Not a flash in the pan, but a perennial tree
The USDD team is straightforward: 'The yield of stablecoins should not come from short-term speculation, but from real, continuously expanding application scenarios.'
This points to the ultimate form of stablecoins—not just a medium of exchange but a tool for value creation.
When political documents can be casually redacted and deleted, and when the opacity of traditional financial information becomes the norm, code enforcement and on-chain publicly accessible crypto transparency have instead become the most scarce trust resource of this era.
The 'disappearing documents' of political scandals will eventually be tested by time, while every on-chain transaction and every reserve address is permanently recorded and publicly accessible. USDD's value proposition is very clear: in this world where truth is hard to discern, be the transparent option that can be audited at any time.
After all, in the crypto world, true transparency never requires 'blackout treatment'.