Q&A about #USDD 1. Is USDD depegged? No. USDD is

Question

Q&A about #USDD 1. Is USDD depegged? No. USDD is

a decentralized stablecoin that depends on an on-chain mechanism & collateralized assets, unlike centralized stablecoin e.x. USDC, which is attached to USD in a very close spread by banking mint and redemption.

Certain % of volatility is unavoidable. Currently, the market volatility rate is within +- 3%, an acceptable range. We will watch the market very closely and act accordingly.

2. How is USDD and TRONDAO Reserve doing?

TRON DAO Reserve has a very healthy balance sheet. The beauty of decentralized stablecoin is that you can check the data 24*7 live on blockchain, available on https://tdr.org

Currently, USDD has over 320% collateralization rate with USDC 1,080,000,000 / TRX 10,874,566,176 / BTC 14,040.6 / USDT 140,013,886.

3. Why the market volatility?

The USDD positions of certain traders were forced to be liquidated and the massive short positions of TRX and USDD were accumulated for profit because of extreme market conditions.

The funding rate of TRX perpetual futures was 300-700% on Wednesday and Thursday.

4. What’s next?

Since TRX's funding rate is now down to normal range and all the positions have been settled, everything will be back to normal in a few days.

SUN.io USDD liquidity pool has over $200 million, which is adequate for USDD traders. We foresee a very robust future ahead

5. Future Plans?

We’re only 42 days old, we still have numerous products to build and massive growth ahead.

We will focus on collaborations with different CeFi/DeFi platforms and multichain expansion. We aim to offer the best decentralized stablecoin ever available in the market.

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