#usdd以稳见信 USDD is a decentralized stablecoin based on the TRON blockchain, issued by the TRON DAO Reserve. The following is an analysis of its initial and subsequent development directions:
Start
USDD was initially launched in May 2022, when TRON founder Justin Sun released the earliest version of USDD on TRON to capitalize on the popularity of LUNA and UST. The early USDD adopted an algorithmic stability mechanism, achieving a 1:1 value peg with the US dollar through a combination of algorithms and collateral mechanisms. However, a severe de-pegging occurred in June 2022, followed by several other de-pegging incidents.
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