Hi friends ^^
Issued by the TRON DAO Reserve, USDD is a decentralized, algorithmic stablecoin pegged to the USD to establish a stable, decentralized, and tamper-proof USDD-USD system. It will have a built-in incentive mechanism and a responsive monetary policy, which will allow USDD to self-stabilize against any price fluctuations, and help consolidate the value of USDD as a true settlement currency. USDD was recently listed on Kucoin exchange on 16th May 2022.
USDD will be backed by a $10 billion treasury, half of which will be in stablecoins mainly USDC and USDT, with the rest in BTC and TRX. The stablecoins are the first line of defense; the other assets can be liquidated if the need arises. This 2-layered safety net confers greater stability to the treasury.
How To Avail A Delicious 60% APR on USDD?
USDD can be entered into the many liquidity pools on the USDD site to fetch an APR of 30%, or simply staked on Kucointo give a time-limited promotional 60% APR for 7 days!
If you don’t already have an account on Kucoin, sign up for here : https://www.kucoin.com/ucenter/signup?rcode=2867tyK
-Buy USDD with USDT or USDC.
-Head over to Kucoin Earn.
-Indicate the amount of USDD you would like to stake. A minimum staking amount of 100 USDD applies.
-And you are done !
Enjoy the promotional 60% APR rate for 7 days, while the staking quota remains. After the end of the promotional period, the staking reverts to a 30% APR, which is still a substantially generous offering for a stablecoin.
With stablecoins, the risk of depegging is real — a point which UST has gone out of the way to prove. USDD is a new player to this field — as promising as it may seem, its success as an algorithmic stablecoin is yet to be seen. As such, always do your own research and never invest any amount of money you cannot afford to lose.
What are your thoughts on USDD? leave your comments !
Site: https://usdd.io/#/
Twitter: https://twitter.com/usddio
Telegram: https://t.me/usddio
Enjoy !
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