Alright, let's talk about the thing everyone's been side-eyeing since 2022.
May 2022. Terra UST imploded.
$40 billion gone in what, 72 hours?
Algorithmic stablecoins became the most hated words in crypto overnight. And honestly, they earned that reputation.
USDD launched literally right as that dumpster fire was burning. Terrible timing. But here's what actually happened next that most people missed.
They didn't ignore it. They didn't do some PR spin and hope everyone forgot. January 2025, USDD 2.0 launches. Total overhaul.
No algorithmic minting anymore.
Gone.
Now it's fully over collateralized at 250% minimum. You hold $1 USDD, there's $2.50+ in actual crypto backing it.
Audited by the big names like CertiK and ChainSecurity. Everything's on chain if you want to verify.
Look, I get the skepticism. If I saw "algorithmic stablecoin" in 2022, I'd run too. But this is different because they actually learned from what went wrong instead of pretending it was fine.
You can keep doing the same thing and pray it works out differently. Or you adapt based on what broke. USDD went with option two.
Real question though: are you judging USDD based on what it actually is now, or are you still stuck on 2022 headlines?