According to official news, the decentralized ultra-collateralized stablecoin USDD has officially landed on Velodrome.
Velodrome is the DApp with the largest TVL in the Optimism ecosystem. It uses liquidity mining and reward mechanisms to provide efficient liquidity and transaction services.
As the worlds first decentralized hyper-collateralized stablecoin, USDD has developed rapidly since its official launch on May 5, 2022. Up to now, the total amount of USDD issued has exceeded 725 million, with a total pledge of more than 1.238 billion US dollars, and the pledge rate is as high as 170.7%.
USDD (Decentralized USD) is a decentralized super-collateralized stablecoin initiated by TRON DAO Reserve and blockchain mainstream institutions. USDD runs on the TRON network and accesses Ethereum and Ethereum through the BTTC cross-chain protocol. Binance Chain will be connected to more blockchains in the future. USDD is backed by over-collateralization of various mainstream digital assets, including TRX, BTC, USDT, etc. org) provides a real-time public query of the 24-hour pledge rate, which is highly transparent.
