USDD: Stability is victory
USDD TVL has been consolidating around this range since the last time it topped $400 million. I haven't consistently broken new highs, but I don't think that's a bad thing.
This market reaction shows that most of the funds that entered the market in the early stage have successfully exited, and the income earned from mining has also been realized. But at the same time, on-chain mint behavior is still active, and DeFi users continue to enter the market. This state is actually healthier than blindly pulling the market, because it shows that USDD has transitioned from a period of volatility to a period of precipitation!
Not only USDD, but also the entire stablecoin system of TRON has long been in full bloom. USDT is now issued on the TRON chain and now accounts for half of the world's total, making it a veritable mainstay. Whether it's exchange clearing, cross-border payments, or OTC circulation, most of the stablecoin demand will eventually fall on TRON.
In this soil where stablecoins are most frequently flowing, USDD's censorship-resistant properties, non-freezing mechanism, and decentralized design are particularly valuable. It is not subject to a blacklist mechanism like centralized stablecoins, and it will not freeze assets at will. Such an advantage may not be appreciated in a calm time, but the day of the storm is the moment when USDD plays its value!
@justinsuntron @trondaoCN
@usddio #TRONEcoStar
Show original
50
13.13K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.