USDD shows robust growth despite challenges and holds over 130,000 users.

USDD auf Tron: Ein Blick unter die Haube USDD, ein schnelllebiger Stablecoin, der ursprünglich aus Tron stammt, hat sich trotz eines schwierigen Starts gut entwickelt. Im letzten Quartal konnte USDD über 130.000 Benutzer halten, was einen Rückgang gegenüber früheren Quartalen darstellt. Doch was steckt hinter dem USDD-Stablecoin und wie hat er sich seit den turbulenten Ereignissen im Jahr 2022 entwickelt? Im zweiten Quartal 2023 hat USDD eine verbesserte Stabilität und geringere Volatilität gezeigt, was dazu beigetragen hat, seine Bindung an den US-Dollar aufrechtzuerhalten. Dies wurde von der Analysefirma Messari in einem kürzlich veröffentlichten Bericht bestätigt. Der Bericht enthüllte auch, dass …
USDD on Tron: A look under the hood USDD, a fast -moving stable coin that originally comes from Tron, has developed well despite a difficult start. In the last quarter, USDD was able to hold over 130,000 users, which is a decline compared to previous quarters. But what is behind the USDD stable and how has it developed since the turbulent events in 2022? In the second quarter of 2023, USDD showed improved stability and lower volatility, which contributed to maintaining its bond with the US dollar. This was confirmed by the analysis company Messari in a recently published report. The report also revealed that ... (Symbolbild/KNAT)

USDD shows robust growth despite challenges and holds over 130,000 users.

USDD on Tron: A look under the hood

USDD, a fast -moving stable coin that originally comes from Tron, has developed well despite a difficult start. In the last quarter, USDD was able to hold over 130,000 users, which is a decline compared to previous quarters. But what is behind the USDD stable and how has he developed since the turbulent events in 2022?

In the second quarter of 2023, USDD has shown improved stability and lower volatility, which has contributed to maintaining its bond with the US dollar. This was confirmed by the analysis company Messari in a recently published report. The report also revealed that USDD had over 130,000 token owners in the course of the quarter.

The analysis of Messari also shows that defi protocols, especially credit logs, make up a significant part of the USDD use in the tron ​​ecosystem. SunCurve and Sunwap, two of the top dexes on Tron, control about 10 % of the USDD in circulation. The liquidity stored in credit protocols was 220 million in the second quarter, while 5 million USDD were issued as loans.

USDD has shown a healthy on-chain performance in the past six months. The volume in the Ethereum network reached its peak in February with up to 159.37 million USDD, while the volume on the BNB chain reached its maximum at almost 50 million. Network growth has ensured healthy activity in the same period.

This fast growth of USDD is closely associated with the robust growth of the tron ​​network. It is expected that USDD will continue to grow in this way because the TRON network continues its expansion. However, the question remains whether Tron will be able to prevent problems such as the VAT crash in 2022.

Overall, the USDD stable shows a positive development and benefits from the stability of the tron ​​network. It remains to be seen how the market will develop and whether Tron can keep its promises.

sources:
- Messari
- Santiment