USDD Expands to Ethereum, Revolutionizing Its Presence in DeFi
On September 8, USDD, the decentralized stablecoin backed by Justin Sun, officially debuted on Ethereum. This move, following a thorough audit by CertiK, marks its most significant expansion beyond Tron.
A key feature of this launch is the Peg Stability Module (PSM), which allows seamless minting and swapping of USDD with well-known stablecoins like USDC and USDT directly on the Ethereum blockchain. This eliminates the need for cross-chain bridges, enhancing safety and reducing risks.
Ethereum’s vast user base and liquidity pools make it the perfect playground for USDD’s growth. Justin Sun highlighted this by celebrating the achievement on social media, underscoring the drive towards a truly decentralized stablecoin option.
The next step in this plan involves sUSDD,a new interest-bearing version of USDD.This innovation aims to offer users passive income through their Ethereum wallets, directly on the blockchain.
An airdrop campaign kicks off on September 9, offering up to 12% annual yields for those who deposit USDT or USDC into the PSM contract. Users must hold the newly minted USDD without custody. The campaign uses Merkl for rewards management, ensuring fair distribution based on early engagement.
- Native ethereum deployment ensures safety and reduces risks.
- sUSDD acts as a decentralized savings tool for passive earning.
- The airdrop campaign rewards early adopters generously.
This strategic move positions USDD firmly within Ethereum’s thriving DeFi ecosystem, opening new avenues for growth and multi-chain dominance.
