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Analysis of Decentralized US Dollar: The Core Differences with Bank-Backed Stablecoins
In the turbulent waves of the cryptocurrency market, stablecoins have always been the ballast that anchors value. As the stablecoin sector diverges into two main camps of 'centralized' and 'decentralized', decentralized US dollars (represented by USDD) are reconstructing the industry's understanding of stability, security, and transparency with their unique underlying logic.
USDD is a fully decentralized stablecoin that adopts an over-collateralization mechanism, with the core mission of maintaining a rigid 1:1 peg to the US dollar. Unlike bank-backed stablecoins that rely on the credit endorsement and asset reserves of a single institution, the stability of USDD comes from on-chain fully collateralized and verifiable assets. For every USDD in circulation, there are crypto assets far exceeding its face value as collateral, fundamentally avoiding the credit risks of centralized institutions, the dangers of asset misappropriation, and the pain points of audit opacity.
USDD is a fully decentralized stablecoin that adopts an over-collateralization mechanism, with the core mission of maintaining a rigid 1:1 peg to the US dollar. Unlike bank-backed stablecoins that rely on the credit endorsement and asset reserves of a single institution, the stability of USDD comes from on-chain fully collateralized and verifiable assets. For every USDD in circulation, there are crypto assets far exceeding its face value as collateral, fundamentally avoiding the credit risks of centralized institutions, the dangers of asset misappropriation, and the pain points of audit opacity.
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