USDD officially launches WBTC Vault, opening a new channel for Bitcoin-backed minting

robot
Abstract generation in progress

ME News message: On April 8 (UTC+8), decentralized stablecoin USDD announced the launch of two WBTC Vaults on the TRON network. Users can use WBTC as collateral to mint USDD. This is an additional high-quality collateral option for USDD beyond the existing TRX, sTRX, and USDT Vaults, indicating further diversification of the protocol’s collateral assets.

As the Bitcoin tokenized asset with the largest market value and the highest level of recognition, the inclusion of WBTC significantly enhances the diversity and robustness of USDD’s collateral pool. It is reported that the newly launched WBTC-A and WBTC-B Vaults set minimum collateral ratios of 150% and 130%, respectively, with minimum borrow amounts of $1,000 and $2,500, respectively.

Users can also amplify returns through two efficient strategies: (1) leveraged long cycling—after collateralizing WBTC, borrow USDD, exchange it for more WBTC on DEX, and then re-collateralize; and (2) cross-platform interest-rate spread arbitrage—after borrowing USDD, deposit it into high-yield mining pools to earn net profit spreads.

The USDD team said that the launch of the WBTC Vaults is an important step toward diversifying the protocol’s collateral assets, improving security, and enhancing the user experience, and will further strengthen USDD’s market positioning as a “yield-bearing version of USDT.”

(Source: PANews)

USDD-0.01%
WBTC2.2%
BTC2.35%
TRX0.03%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin