USDD Kicks Off Ethereum Expansion, Aiming for Multi-Chain Supremacy
On September 8, the Justin Sun-driven stablecoin, USDD, made its official debut on the Ethereum network. This strategic move transcends USDD’s initial Tron confines, aiming to embed deeply into DeFi’s bustling heart.
The deployment underwent a thorough security audit by CertiK, establishing a robust foundation. A pivotal feature is the Peg Stability Module (PSM), facilitating direct minting and swaps of USDD with popular stablecoins such as USDC and USDT.Unlike mere bridging, this native integration enhances liquidity and reduces risks associated with third-party platforms.
justin Sun,the force behind this initiative,hailed this step as a meaningful stride toward a fully decentralized financial landscape.
A waiting airdrop campaign, starting September 9, invites users to accumulate tiered yields. Participants need to deposit USDT or USDC into the PSM contract with a non-custodial Ethereum wallet, securing their eligibility.
- Early adopters receive up to 12% annual yield.
- Rewards decrease to 6% as more funds join.
- Claim frequency limited to every eight hours via the Merkl dashboard.
Further aligning with its multi-chain vision, the sUSDD launch looms on the horizon.Designed as an interest-bearing variant of USDD, sUSDD strives to offer passive income opportunities for holders directly on Ethereum.
This expansion underscores USDD’s commitment to capturing Ethereum’s vast developer community and profound Decentralized Finance (DeFi) ecosystem, affirming its pursuit of becoming a leading multi-chain stablecoin.
