🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
In the underlying ecosystem of the encryption world, stablecoins have long been an indispensable "digital cornerstone" for investment, trading, staking, and even Decentralized Finance activities. However, most of the stablecoins we use in our daily lives still carry a heavy centralized color - prominent stablecoins like USDT and USDC are backed by centralized institutions that hold assets, and even retain the authority to freeze accounts and blacklist addresses, which is contrary to the spirit of decentralization in Blockchain.
It is against this backdrop that USDD was born. As an innovator in decentralized stablecoins, USDD is not a castle in the air; it is essentially an on-chain mirror of 60 billion USDT, aiming to perfectly blend the stability anchored to the US dollar with the freedom of decentralization, truly aligning with the core philosophy of the DeFi ecosystem.
USDD initially appeared as a Wrapped version of USDT, just like WETH is to ETH. It inherits the value peg of USDT but is more suited for DeFi scenarios: it is unfrozen, has no blacklist mechanism, features extremely simplified and transparent contracts, and supports complete on-chain two-way exchanges with zero fees and zero slippage. Users can achieve 1:1 free exchange between USDT and USDD through the PSM module, and the on-chain reserve data can be checked in real-time.
The newly upgraded USDD 2.0 has achieved a leap from "mirror token" to an independent stablecoin, reconstructing a new paradigm for stablecoins through five core mechanisms:
✅ Over-collateralization protection: 100% encrypted assets over-collateralized, building a strong value moat to withstand market volatility.
✅ Intelligent Risk Control System: Dynamically adjusting the collateral rate, with an enhanced liquidation mechanism that responds in milliseconds, ensuring stability even in extreme market conditions.
✅ Full transparency audit: All collateral assets and transaction records are traceable on the blockchain, truly realizing the trust minimization of "code is law".
In terms of liquidity layout, USDD adopts a strategy of "on-chain as the main focus, exchanges as a supplement". The on-chain PSM module has become the preferred choice for multi-million large transactions, providing a unique exchange experience with nearly zero slippage. At the same time, the team is incentivizing new exchanges to go live with a 20% annual yield, while continuously strengthening the market maker ecosystem to comprehensively enhance market depth.
📌 Official website:
📌 Exchange Entrance:
📌 On-chain data: