Justin Sun Discusses USDD 2.0 and Highlights Advantage of HTX Exchange
On February 5, 2025, Justin Sun, the Global Advisor for HTX and the founder of TRON, captivated the crypto community during a live stream session titled 'Explore USDD with Justin Sun'. The event not only highlighted the features of the newly launched USDD 2.0 but also presented an overview of the advantages provided by HTX.
During the live session, which attracted over 12,000 concurrent viewers, Sun elaborated on the intricacies of USDD 2.0, an upgraded decentralized stablecoin on the TRON network. He argued that while cryptocurrencies like USDT and USDC dominate the market, there remains a pressing need for a stablecoin that is genuinely decentralized, devoid of censorship, and asset freezing.
A cornerstone of USDD 2.0 is its impressive stability mechanisms designed to maintain its 1:1 peg with the US dollar. This involves various strategies, such as overcollateralization, a unique liquidation and auction mechanism, real-time risk management protocols, and a Peg Stability Module (PSM). The PSM serves as a vital feature, allowing users to swap USDD with other stablecoins seamlessly at a near-zero gas fee, thereby greatly mitigating arbitrage risks and ensuring price stability amidst market volatility.
Sun explained that minting USDD necessitates collateral assets like TRX or USDT, which further supports its value while offering strong market liquidity. As of early February, USDD's backing stood at approximately $130 million, with an overcollateralization ratio of 1.23x, reinforcing its reliability. He emphasized, 'If you're uncertain about USDD, consider it a mirrored representation of USDT.'
The potential of USDD doesn't stop at its stability; Sun also announced a rewarding staking option. Currently, USDD staking offers a remarkable 20% Annual Percentage Yield (APY), fully backed by TRON DAO, which attracted significant subscription interest, increasing nearly tenfold since its introduction. Users can stake USDD on platforms like HTX or JustLend DAO, and even borrow USDD against their USDT to amplify their investment returns.
'Consider the value proposition of a decentralized stablecoin on TRON,' Sun noted, stressing that there’s approximately $60 billion worth of USDT on TRON. He drew attention to ongoing discussions with centralized exchanges like HTX and Poloniex to further integrate USDD into features like margin trading in futures and other products related to SmartEarn.
In addition to USDD, Sun made a notable announcement regarding HTX itself. He shared exciting news about plans for $HTX to be listed on a major regulated exchange, aiming to boost its utility and competitive edge in the ever-evolving cryptocurrency landscape. By focusing on promising projects through a meticulous research process, HTX has managed to thrive and remain at the forefront of innovation, even as the crypto market landscape rapidly shifts.
Looking ahead, HTX intends to venture deeper into the AI sector, exploring AI-driven projects to further enhance its offerings. HTX has transformed from a simple cryptocurrency exchange since its inception in 2013 into a comprehensive blockchain ecosystem that encompasses a wide array of services including digital asset trading, wallets, financial derivatives, and an incubator for new ventures.
With a commitment to global expansion, ecosystem growth, wealth effects, and stringent security compliance, HTX aims to provide a secure and reliable platform for cryptocurrency enthusiasts worldwide. As Justin Sun champions the cause of USDD 2.0, the stage is set for significant developments within both HTX and the broader crypto ecosystem, affirming the transformative potential of decentralized finance.
During the live session, which attracted over 12,000 concurrent viewers, Sun elaborated on the intricacies of USDD 2.0, an upgraded decentralized stablecoin on the TRON network. He argued that while cryptocurrencies like USDT and USDC dominate the market, there remains a pressing need for a stablecoin that is genuinely decentralized, devoid of censorship, and asset freezing.
A cornerstone of USDD 2.0 is its impressive stability mechanisms designed to maintain its 1:1 peg with the US dollar. This involves various strategies, such as overcollateralization, a unique liquidation and auction mechanism, real-time risk management protocols, and a Peg Stability Module (PSM). The PSM serves as a vital feature, allowing users to swap USDD with other stablecoins seamlessly at a near-zero gas fee, thereby greatly mitigating arbitrage risks and ensuring price stability amidst market volatility.
Sun explained that minting USDD necessitates collateral assets like TRX or USDT, which further supports its value while offering strong market liquidity. As of early February, USDD's backing stood at approximately $130 million, with an overcollateralization ratio of 1.23x, reinforcing its reliability. He emphasized, 'If you're uncertain about USDD, consider it a mirrored representation of USDT.'
The potential of USDD doesn't stop at its stability; Sun also announced a rewarding staking option. Currently, USDD staking offers a remarkable 20% Annual Percentage Yield (APY), fully backed by TRON DAO, which attracted significant subscription interest, increasing nearly tenfold since its introduction. Users can stake USDD on platforms like HTX or JustLend DAO, and even borrow USDD against their USDT to amplify their investment returns.
'Consider the value proposition of a decentralized stablecoin on TRON,' Sun noted, stressing that there’s approximately $60 billion worth of USDT on TRON. He drew attention to ongoing discussions with centralized exchanges like HTX and Poloniex to further integrate USDD into features like margin trading in futures and other products related to SmartEarn.
In addition to USDD, Sun made a notable announcement regarding HTX itself. He shared exciting news about plans for $HTX to be listed on a major regulated exchange, aiming to boost its utility and competitive edge in the ever-evolving cryptocurrency landscape. By focusing on promising projects through a meticulous research process, HTX has managed to thrive and remain at the forefront of innovation, even as the crypto market landscape rapidly shifts.
Looking ahead, HTX intends to venture deeper into the AI sector, exploring AI-driven projects to further enhance its offerings. HTX has transformed from a simple cryptocurrency exchange since its inception in 2013 into a comprehensive blockchain ecosystem that encompasses a wide array of services including digital asset trading, wallets, financial derivatives, and an incubator for new ventures.
With a commitment to global expansion, ecosystem growth, wealth effects, and stringent security compliance, HTX aims to provide a secure and reliable platform for cryptocurrency enthusiasts worldwide. As Justin Sun champions the cause of USDD 2.0, the stage is set for significant developments within both HTX and the broader crypto ecosystem, affirming the transformative potential of decentralized finance.
Topics Consumer Technology）
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