TerraUSD (UST) Despite the fear surrounding the markets after the collapse, Tron’s USDD continues to make important strides. Launched a month ago, the stablecoin quickly reached some pretty important milestones.
USDD Captures Highest Margin Ratio
TRON DAO Reserve, USDDannounced that it upgraded . The coin, which has the highest collateral ratio worldwide, has a total circulating supply of approximately 700 million.
According to the latest figures on the website, the collateral rate of USDD stands at 205.54.
“As one of the most secure decentralized stablecoins, USDD has at least 130% guaranteed collateral. While allowing members of the TRON DAO Reserve to continue to mint USDD by burning TRX, the upgrade continues to consolidate the stability and reliability of USDD by ‘over-collateralizing’ assets under the TRON DAO Reserve (TDR).
Total Asset Support of $1.37 Billion
Current reserve assets; BTC, TRX and USDC will support multiple stablecoins like USDT, TUSD, USDJ at 130% to USDD. TRON DAO Reserve currently holds 10,500 BTC, 240 million USDT and 1.9 billion TRX in its reserve account. This is in addition to the 8.29 billion TRX already in the burning contract. The real-time collateral ratio is currently over 200%, corresponding to a total of $1.37 billion in assets supporting 667 million USDD in circulation.
Justin Tron, the founder of Tron, noted:
“stablecoin Pioneering the 3.0 era, the upgraded, overcollateralized USDD will add more diverse features to support its stability. The $10 billion reserve pledged by TDR will make USDD the most reliable decentralized stablecoin with the highest collateral ratio in blockchain history. Currently, the 200%+ collateral rate gives USDD a very strong safety net.”
Meanwhile, several countries are moving towards enacting laws to regulate stablecoins. Recently, the UK has come forward to close the gap in crypto-related regulations. The government proposed to change the “Financial Market Infrastructure Special Administrative Regime”. This allows the Bank of England to ensure the continuity of stablecoin payments during any crash.
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