Recently, various stablecoins in the crypto world have frequently de-pegged, with one stablecoin dropping to 0.87 at one point, and USDT occasionally having minor fluctuations. However, there is one stablecoin that has remained stable as a rock, and even Binance has started to promote it vigorously.
It's USDD 2.0.
Many people still have the impression of USDD as an 'algorithmic stablecoin,' but it has actually undergone a transformation. The current USDD 2.0 is completely different from before, just like the difference between Tesla Model 3 and Model S; they may look similar on the outside, but their core is vastly different.
Let's first talk about security. USDD 2.0 operates on an over-collateralization model, with all collateral being transparently on-chain, so you can check it anytime. CertiK and Chainsecurity have already audited it five times, and even Binance has passed due diligence to include it in their Yield+ products. It's important to know how strict Binance's risk control requirements are; projects that make it into their product pool are basically recognized as safe benchmarks in the industry.
Let's talk about stability. The PSM mechanism allows USDD to be exchanged for USDT at a 1:1 ratio with no slippage, and currently, there is nearly $50 million in PSM liquidity on the TRON chain. What does this mean? It means you can exchange back to USDT at a 1:1 ratio anytime without worrying about liquidity issues.
But what truly interests me is the yield part. An APY of 12% is already quite considerable in the current market environment. More importantly, this is not a Ponzi scheme, but real returns generated through the on-chain investment strategy of Smart Allocator, with cumulative profits exceeding $7.2 million.
How to participate specifically? The path is simple: USDT → USDD → sUSDD. Binance wallet currently has an event where you can share a reward of 300,000 USDD within 30 days, adding to the base yield, bringing the overall APY to 25.82%.
Of course, I'm not promoting anything. I just feel that in the current market environment, finding a product that is both stable and offers reasonable returns is quite rare. Especially for those who do not want to take too much risk but still hope to see their funds appreciate.
Finally, a reminder: all investments carry risks, including stablecoins. Although the mechanism design of USDD 2.0 is relatively sound, you should still decide on the position size based on your own risk tolerance.
