【USDD Today Analysis】
USDD is currently quoted at $1.0017
Sun Ge holds USDD worth $276 million, accounting for more than a quarter of Sun Ge's altcoins
USDD (Decentralized USD) is a decentralized stablecoin supported by TRON DAO Reserve. USDD runs on the TRON blockchain and aims to maintain a 1:1 value stability with the US dollar in a decentralized manner.
Main features and mechanisms of USDD:
·Decentralization
·Collateral support.
·Algorithmic mechanism similar to TerraUSD (UST)
·Cross-chain compatibility
As a decentralized algorithmic stablecoin, USDD has the potential to remain pegged to the US dollar and plays an important role in the decentralized financial system. Its future success will depend on multiple factors such as market demand, the development of the TRON ecosystem, competitive situation, regulatory environment, and technological progress.
The fluctuation range of USDD is still relatively large, but it has been hovering around $1. I am still optimistic about the future of USDD. After all, it is a large altcoin held by Sun Ge, and it may usher in a wave of surges in the future.
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