Svmuu News On April 8th, the decentralized stablecoin USDD announced the launch of two WBTC Vaults on the TRON network, allowing users to mint USDD using WBTC as collateral. This represents a new high-quality collateral option for USDD, building upon its existing TRX, sTRX, and USDT Vaults, and marks a further diversification of the protocol's collateral assets. W
BTC, as the largest and most recognized tokenized Bitcoin asset by market capitalization, significantly enhances the diversity and robustness of the USDD collateral pool upon its inclusion. It is reported that the newly launched WBTC-A and WBTC-B Vaults have minimum collateralization ratios set at 150% and 130% respectively, with minimum borrowing amounts of $1,000 and $2,500 respectively. Users can also amplify their returns through two efficient strategies: first, a leveraged long loop, where WBTC is collateralized to borrow USDD, which is then swapped for more WBTC on a DEX and re-collateralized; second, cross-platform interest rate arbitrage, where borrowed USDD is deposited into high-yield pools to earn net interest rate spreads. U
SDD team stated that the launch of WBTC Vaults is a significant step for the protocol in diversifying collateral assets, enhancing security, and improving user experience, which will further strengthen USDD's market positioning as an "interest-bearing version of USDT".
USDD Officially Launches WBTC Vault, Opening New Channel for Bitcoin-Collateralized Minting
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Bitcoin rises above $77,000, bucking tech selloff driven by AI safety concerns and rising oil prices
-
2
Cosco Shipping Heavy Industry Completes China IPO Guidance Registration
-
3
Taiwan to open second quasi-diplomatic mission in the Philippines, sources say
-
4
Xi Pitches AI Vision as Silicon Valley Leaders Tap Brakes
-
5
INX Token Trading Guide: Distinguishing Infinex and INX Limited Tokens and Trading Platforms
-
6
Samsung Display develops world's first 6.9-inch mobile OLED panel with 2K resolution, 165Hz refresh rate, and 30% lower power consumption
-
7
Multiple wealth management companies in China have submitted applications for pension wealth management qualifications, signaling an expansion in product offerings.
-
8
GLIDE Coin Analysis: Project Status and Market Liquidity Analysis
-
9
ATPAD (AtomPad) Project Status Analysis: An Inactive Cryptocurrency
-
10
Chinese AI firm Z.ai shares tumble over 10% after announcing $5 billion fundraising, its second major raise in two months
Markets Today
Recommended Reading





