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USDD has become the second largest stablecoin on TRON and ranks eighth among all stablecoins in the network.
Everyone should remember that when USDD was first born, there was a lot of skepticism. Now, six months have passed, and the APY has gone from 20%, 10%, 8% to the current 6%. In fact, I have been mining it heavily for half a year. Today, I accidentally discovered that USDD is already the second largest stablecoin on the TRON network, both in terms of market capitalization and holders, steadily taking the second place.
According to TRONSCAN data, the number of holders of USDD on the TRON network is currently around 430,000, and it is steadily increasing.
From the data on CoinMarketCap, it can be seen that USDD is currently ranked eighth among all stablecoins in the network and third among decentralized stablecoins, only behind DAI and USDe.
By the way, the seventh phase of the activity has started again recently, and everyone can start to participate. A stable APY of 6%, very attractive, and there are no concerns at all based on the PSM module.