System Upgrade

This article introduces a channel that focuses on sharing blockchain projects, popularizing blockchain, decentralized finance (DeFi), NFT, and other areas, and shares various digital currencies, trading analysis, technical analysis, airdrops, and other related content. The article focuses on mainstream tokens such as Bitcoin and Ethereum, as well as altcoins like Dogecoin and SHIB, and also shares information about various projects, platforms, exchanges, etc.

💫 While US dollar-backed stablecoins hold 90% market share in stablecoin transactions, the share of transactions directly using US dollars is 10%. The usage share of Euro-backed stablecoins is 1.1%.

Stablecoins have expanded more swiftly this year compared to the previous one. Just a week earlier, the stablecoin market was valued at $155.86 billion; today, it stands at $158.67 billion, reflecting a 1.8% increase. In contrast to the broader cryptocurrency market, which experienced a noticeable decline, the dollar-pegged crypto sector demonstrated strong growth. Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation Stablecoin dominance according to defillama.com. The overall value of the stablecoin market increased by approximately $2.81 billion, with $2.2 billion of this growth attributable to tether (USDT). Over the past month, tether’s supply expanded by 5.6%, reaching a current valuation of $109.38 billion. Last week, on April 12, usd coin (USDC) held a market valuation of about $32.02 billion, which has since risen to $33.15 billion. DAI also enjoyed a week of growth, with its market cap increasing from $4.93 billion to $5.12 billion. In contrast, FDUSD experienced a small drop from $3.93 billion on April 12 to $3.58 billion today. Despite this weekly dip, FDUSD’s supply has risen by 23.8% since March 19. Ethena’s USDE has shown no significant changes in supply over the past week, maintaining a stable figure of $2.38 billion. Over the past month, USDD, TUSD, and USDP have all recorded declines. USDD’s supply decreased by 2.7% this month, while TUSD saw a substantial 48.9% reduction over the same period. Paxos’ USDP experienced a 25.2% cut since March 19. Meanwhile, Paypal’s stablecoin, PYUSD, achieved a 6.8% increase this month, boosting its market valuation to $202 million at press time. In the dynamic landscape of the stablecoin market, this week’s growth exemplifies a clear deviation from the broader cryptocurrency trends, with USDT leading the charge. As the market faces fluctuations, stablecoins seem to offer a semblance of stability, albeit with varying supply changes among different tokens.

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The new version of USDD is launched: a new paradigm of decentralized stablecoin. The New USDD: A New Paradigm for Decentralized Stablecoins As the DeFi world continues to evolve, stablecoins, as one of its core cornerstones, are also undergoing a new round of upgrades. The new version of USDD is designed with the core concept of "Decentralization + Over-Collateralization," attempting to find a balance between stability, security, and community governance. As the DeFi world continues to evolve, stablecoins—being one of its foundational pillars—are undergoing a new wave of innovation. The new version of USDD centers on “decentralization + over-collateralization,” seeking a balance between stability, security, and community governance. Compared to traditional stablecoins issued by centralized institutions, the new version of USDD abandons reliance on fiat reserves and is fully over-collateralized by on-chain crypto assets, ensuring a 1:1 peg to the stability of the US dollar. Compared to traditional fiat-backed stablecoins issued by centralized institutions, the new USDD eliminates reliance on fiat reserves. Instead, it uses over-collateralized on-chain crypto assets to maintain its 1:1 peg to the US dollar. More importantly, USDD is immutable and cannot be frozen, giving users complete control over their assets. This design not only enhances asset security but also mitigates the potential risks associated with centralized risk control. More importantly, USDD is tamper-proof and cannot be frozen, giving users full control over their assets. This design not only enhances asset security but also avoids the risks associated with centralized control. Its core mechanism is based on on-chain governance, led by the community, without the need to trust third parties. This "decentralization" architecture makes USDD a more reliable medium of value in the DeFi ecosystem. Its core mechanism is governed on-chain and community-driven, eliminating the need to trust third parties. This “trustless” architecture makes USDD a more reliable medium of value in the DeFi ecosystem. Currently, stablecoins are gradually moving towards compliance and diversification on a global scale. The decentralized path of USDD provides another idea for the industry - achieving stable, transparent, and sustainable financial services without relying on centralized trust. As stablecoins move toward global compliance and diversification, USDD offers an alternative model—delivering stable, transparent, and sustainable financial services without relying on centralized custodians. Between "stability" and "freedom", USDD has chosen a path maintained by code and the community. This is not just a technical choice, but also a choice of values. Between “stability” and “freedom,” USDD has chosen a path maintained by code and community. This is not just a technical decision—it is a choice of values. #USDD #Stablecoin #DeFi #Web3