USDD presyoUSDD

Now tracking @usddio on @trondao Decentralized USD (USDD) is a decentralized stablecoin pegged to the US dollar through crypto reserves

The Tron network’s stablecoin market is witnessing a clear leader. USDT has established itself as the primary asset for value transfers and trading. In fact, CryptoQuant’s latest analysis revealed the overwhelming dominance of USDT on the Tron network, which accounts for 98.5% of the total stablecoin supply. USDT’s Market Share on Tron With a circulating supply of $62.76 billion out of nearly $64 billion in stablecoins on the network, USDT has established itself as the cornerstone of Tron’s stablecoin ecosystem. Competing stablecoins hold only marginal shares, with USDC representing 0.06%, USDD at 1.15%, TUSD at 0.26%, and USDJ making up just 0.01% of the supply, as per the on-chain analytic platform’s findings. Notably, the supply of other stablecoins has remained stagnant since March 2024. The same cannot be said for USDT which continued to expand while solidifying its market dominance. Beyond supply, USDT also plays a crucial role in Tron’s liquidity. Its daily on-chain volume from centralized exchanges ranges between $4 billion and $5 billion, spiking during periods of high TRX price volatility. This indicates that USDT not only dominates the network’s stablecoin supply but also serves as a critical pillar for trading activity and value transfers across the Tron blockchain. Data from IntoTheBlock further revealed that the Tron network currently processes over 14 million USDT transactions per week, which represents 69% of all USDT activity. This figure is a notable increase from 61% in late January. Zero-Fee USDT Transactions on Tron Tether’s USDT stablecoin is set to introduce commission-free transactions on the Tron blockchain, according to Tron founder Justin Sun’s recent post on X. The Gas Free feature will allow USDT transfers without requiring TRX tokens for gas fees, making transactions more accessible. Sun invited wallets and projects to integrate the feature through JustLend, which happens to be Tron’s official lending platform. Tron has been known for its low-cost USDT transfers compared to Ethereum, but recent data shows it has become one of the most expensive networks for USDT, with gas fees ranging between $3.06 and $6.22 – significantly higher than Ethereum’s $0.14 fees. As such, the new Gas Free feature aims to restore Tron’s position as a cost-effective stablecoin network by eliminating the need for users to hold TRX for transactions. The post USDT Dominates Tron Network with 98.5% Share of Stablecoin Supply appeared first on CryptoPotato.

USDD 2.0 circulation exceeds 100 million According to data from the USDD official website, USDD 2.0's circulation officially exceeded 100 million just 12 days after its launch. As a secure, transparent and stable decentralized stablecoin, USDD 2.0 maintains a 1:1 anchor relati…

USDD 2.0 receives full ChainSecurity evaluation: the codebase demonstrates a high level of security Recently, blockchain security company ChainSecurity released an audit report on the decentralized stablecoin USDD 2.0. ChainSecurity pointed out in the report that the contract …

USDD 2.0 staking mining activity will be launched tonight, with a yield of 20% According to USDD official news, USDD 2.0 staking mining activities will be officially launched at 8:00 p.m. Beijing time tonight, with an annualized yield of up to 20%. Users can generate USDD 2.0 …