Recently, USDD has become very popular, and I would like to share some of my thoughts and views on this USDD stablecoin, hoping to bring some new ideas to everyone.
First of all, who issued USDD? USDD was issued by Sun Yuchen (also known as Brother Sun), backed by the TRON chain, which has a very good liquidity foundation and user base, this is one of its advantages.
Secondly, regarding the security of stablecoin collateral, everyone knows that stablecoins are pegged to the US dollar at a 1:1 ratio, but have you ever thought about why Tether (also known as USDT) can occupy a large share of the market? Because Tether has an extremely high collateral ratio; for example, if it issues 100 million USDT but its collateral value is 150 million, it has an extremely high collateral ratio. This was the reason why Tether could occupy half of the stablecoin market at that time. Now, Brother Sun's USDD is also backed by the TRON chain with cryptocurrencies like BTC and ETH as collateral, having the same high collateral ratio. The following image is the document of USDD after five audits, which I will place in the comments section for everyone to check.
Then there is the third point, the yield model of USDD. The yield model is also diversified for a stablecoin; you can do staking, participate in DeFi, or go for the recently collaborated Yiled with Binance Wallet, which can be found in the wealth management section of the Binance Wallet.
Brother Sun's USDD still has great development prospects. It can stand out among the many dazzling stablecoins now, surely not simply to profit from everyone. It will definitely have its place in the stablecoin field.