USDD: Seeking a touch of decentralized 'stability' amidst the fluctuations of the cryptocurrency market
The cryptocurrency market is turbulent, and recently many stablecoins have decoupled, becoming a laughingstock in the market.
Yet there is an outlier like USDD, which remains stable amid the chaos. The root of this stability lies in three fundamental principles, worth discussing. (Safety measures, project audits, decoupling probability)
1. Regarding safety measures:
This coin does not follow the usual path; based on over-collateralization, every bit of collateral and every transaction is clearly recorded on the blockchain, subject to verification and auditing, with no ambiguity allowed. This is the foundation of its existence. It has sufficient assets, relying on over two times collateral, dynamic adjustments, and liquidation guarantees.