Summary:<\/p>\n
The recently launched Tron-based algorithmic stablecoin of USDD<\/a> is now collateralized by over 200% with a guaranteed minimum ratio of 130%.<\/p>\n According to<\/a> the team at Tron DAO, USDD’s collateral ratio is now higher than DAI’s at 120%. Consequently, USDD is the first algorithmic stablecoin to be collateralized by over 200% with a minimum ratio of 130%.<\/p>\n The team at Tron DAO<\/a> further broke down USDD’s reserves as follows:<\/p>\n The TRON DAO Reserve is currently holding\u00a010,500 BTC, 240 million USDT,\u00a0and 1.9 billion TRX in the reserve account, on top of the 8.29 billion TRX already in the burning contract.<\/p>\n The real-time collateral ratio is now over 200% \u2014 a total $1.37 billion of assets backing the 667 million USDD in circulation.<\/p><\/blockquote>\n Further checking the Tron DAO Reserve website<\/a> reveals that USDD’s Bitcoin reserves have increased to 13,040 BTC.<\/p>\n To mark the new USDD milestone, Tron’s founder and former CEO, Justin Sun, pointed out<\/a> that the over-collateralization of USDD was a giant leap forward with the potential of ushering in a new phase for stablecoins. He also promised to strengthen the USDD ecosystem<\/a> ‘to create an increasingly decentralized future for users far and wide.’<\/p>\n In addition, Justin Sun announced that the Tron DAO would work towards guaranteeing a 30% interest rate on USDD. He said<\/a>:<\/p>\n USDD<\/span> collateral ratio is over 200%! <\/span><\/p>\n [Tron DAO Reserve]<\/span> will also set its basic risk-free interest rate to 30% per annum and facilitates other <\/span>decentralized<\/span> and centralized organizations that accept <\/span>USDD<\/span> to implement consistent interest rate policies.<\/span><\/p><\/blockquote>\n With respect to its availability, USDD is circulating on Tron, Ethereum, and the BNB chain. However, the team has announced plans to expand its availability beyond the three chains.<\/p>\nJustin Sun Promises to Strengthen the USDD Ecosystem<\/h2>\n
Tron DAO to Set its interest Rate to 30% Per Annum<\/h2>\n
USDD is Available on Tron, Ethereum, and BNB Chain<\/h2>\n