USDD, Stablecoin backed by Justin Sun, expands to the Ethereum network

The algorithmic stable that operates on the network Tron now it will be available in Ethereum, and there will be special campaigns to promote its adoption in said ecosystem.

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• The algorithmic stablein of Tron It is officially launched on the network Ethereum.
• The team announced an exclusive Airdrop and the introduction of Susdd To generate yields.
• The initiative arrives after auditing Certik and criticism at its level of decentralization.

The algorithmic stable USDD, created by the organization Tron dao reserve and backed by the founder of Tron, Justin Sun, announced its native deployment on the network Ethereum. The decision marks a milestone for the asset, which seeks to become a multi-decay alternative within the stable currency market.

In a statement published in Mediumthe team stressed that the arrival of USDD to Ethereum Open “A new era”by integrating the Token with the largest intelligent contract ecosystem in the sector. Sun also celebrated the news on his X account, where he assured that the asset can offer up to 12% annual performance (APY).

Exclusive Airdrop and Savings Version

The team behind USDD He confirmed that, as part of the launch, an exclusive Airdrop will be held for the first users from Tuesday after the announcement. In addition, it will introduce Susdd, A variant designed to allow forks to generate interest through a decentralized and transparent savings system.

The strategy seeks to compete with the main market stable, offering not only parity with the dollar, but also passive performance options. According to the equipment, these functions will be available immediately for users of Ethereum.

SECURITY STABILITY AND AUDIT

To ensure the stability of Token in its new network, USDD will incorporate a Stim stability module.. This function will allow users coin and exchange USDD against USDT and USDC without any very low costguaranteeing liquidity and parity from day one.

Likewise, the deployment was preceded by a complete audit made by the cybersecurity firm Cetik, with the aim of providing greater confidence to the community. The team said the measure reinforces its commitment to transparency and decentralization.

Background and criticism

USDD It was originally launched in May 2022, shortly after the stablecoin collapse Ust of Terra Like this project, USDD It uses a combination of intelligent contracts, over-collateralization and market mechanisms to maintain its parity with the US dollar, so it is an algorithmic asset.

However, he has not been exempt from criticism. In August 2024, Tron dao reserve He withdrew almost USD $ 750 million in Bitcoin that supported the Token, being mainly guaranteed by Trx, The native token of Tron. Although the Dao He had promised to gather USD $ 10,000 million in reservations of industry actors, the current level of collateralization has been questioned.

The qualification firm Bluechip, that is presented as independent, assigns to USDD A note “F”In stability. According to its estimates, the real support is only 53%, including cryptocurrencies and other anchored assets such as USDT, USDC and Tusd.

Perspectives in Ethereum

According to market data, around USD $ 460 million circulates in USDD, figure below USD $ 750 million registered a year ago. Despite this decrease, the team is confident that its integration to Ethereum will expand the adoption and usefulness of Token in decentralized finances.

“The Ethereum ecosystem has the largest community of developers, protocols and liquidity in Defi”the team said in its statement. “By displaying natively on this network, USDD expands its scope and strengthens its commitment to transparency, decentralization and sustainable performance generation.”

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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