Tron Blockchain’s $USDD Stablecoin Marks Major Milestones in its Latest Upgrade

The decentralized stablecoin currently ranks as the most over-collateralized stablecoin in the crypto space since its May 5 launch. A little more than a month later, the stablecoin is breaking all sorts of records, surpassing several significant milestones along the way – none better than becoming the most over-collateralized stablecoin in crypto yet. 

Backed by the first-ever crypto reserve in the blockchain industry, TRON DAO Reserve, the $USDD stablecoin boasts an over-collateralization ratio of 200.72%, as of writing, with a guaranteed ratio of 130%. With a total circulating supply of 703 million, the TRON-based USDD has recently upgraded itself to the first over-collateralized decentralized stablecoin (OCDS), offering faster transactions with the highest collateral ratio around the globe. 

The stablecoin aims to avoid the mistakes and blushes of the now-defunct Terra stablecoin, $UST, in a bid to spearhead the stablecoin 3.0 era in blockchain and decentralized finance (DeFi). The team has built one of the most secure decentralized stablecoins in $USDD, enjoying a guaranteed collateral ratio of at least 130%, higher than the 120% set by DAI, a leader in the stablecoin industry. Additionally, the collateral ratio is published on the TRON DAO Reserve's website in real-time and is publicly available 24/7.

"Spearheading the Stablecoin 3.0 era, the upgraded, over-collateralized USDD will add more diversified features to underpin its stability," said H.E. Justin Sun, Founder of TRON.

The latest upgrade is set to combine the TRX minted by the members in the TRON DAO Reserve (TDR) with additional assets to improve $USDD's stability and credibility. The TDR will hold a number of reserve assets including BTC, TRX, and multiple stablecoins like USDC, USDT, TUSD, and USDJ, at a ratio of 130% to back the issuance of USDD. 

The TRON DAO Reserve, which maintains the parity of the $USDD currently holds 10,500 BTC, 240 million USDT, and 1.9 billion TRX in the reserve account, and an additional 8.29 billion TRX that have been burned to mint $USDD. This sets the collateral ratio at 200.72%, with a total of $1.296 billion in assets backing the 703 million $USDD tokens. 

"The $10 billion reserves pledged by the TDR will enable USDD to become the most reliable decentralized stablecoin with the highest collateral ratio in blockchain history," Justin added. "Currently, the 200%+ collateral ratio offers USDD a very strong safety net."

The TDR has witnessed community-wide support with top exchanges and platforms accepting the $USDD stablecoin including PancakeSwap, Curve, Ellipsis, KyberSwap, Poloniex, Huobi Global, and KuCoin. Other notable members of the TDR include top industry leaders such as Alameda Research, Amber Group, Poloniex, Ankr, Mirana, Multichain, FalconX, and TPS Capital.

In the near future, the team plans to increase the number of blockchains and ecosystems compatible with $USDD expanding from its current habitats on Ethereum, BNB Chain, and Polygon. This sets $USDD on the path to usher in the next stage of decentralization across the blockchain industry worldwide.