Tron’s USDD Changes Its Operating Model To Avoid An UST-Like Crash

Launched as an algorithmic stablecoin, Tron’s USDD has changed its operating model to avoid a possible UST-like collapse.

Tron’s stablecoin, USDD, launched last week, is now backed by BTC, USDT and TRX. USDD currently appears to be over-collateralized at 226%, according to data from Tron DAO, which is responsible for collateral for the stablecoin. The team also promised a 130% minimum margin, which is higher than the 120% margin provided by MakerDAO’s DAI stablecoin. The collateral-backed USDD includes 14,040 Bitcoins, 240 million USDT and approximately 1.9 billion Tron (TRX).

Tron founder Justin Sun also announced the event on his Twitter account.