From May 18th, we officially list Decentralized USD (USDD) on the ONUS application. Soon after USDD is added, users can perform the following features:
- Off-chain transactions: Send and receive USDD with other users in the ONUS network.
- Exchange: Swap from VNDC or USDT to USDD and vice versa.
About USDD
USDD is an Algorithmic Stablecoin pegged 1:1 to the US Dollar, issued by TRON DAO Reserve on the Tron blockchain. USDD is backed by the Tron platform’s TRX token to ensure it stays stable, similar to Terra’s LUNA-backed stablecoin UST model.
The Super Representatives (SRs) on TRON play a pivotal role in guaranteeing the security and stability of the USDD protocol. Specifically, they safeguard the TRON network by participating in the Delegated Proof of Stake (DPoS) consensus mechanism and provide stability for USDD by absorbing short-term price volatility. To incentivize SRs for the long run, the USDD protocol rewards them with fee incomes incurred from stablecoin swaps and TRX-stablecoin swaps (0.5% at the minimum).
Website: https://usdd.io
Specifications
- Name: Decentralized USD
- Symbol: USDD
- Platform: Tron Blockchain
- Standard: TRC20
- Type: Stablecoin
- Smart Contract Address: TPYmHEhy5n8TCEfYGqW2rPxsghSfzghPDn
