| Time | Details |
|---|---|
| 2024-08-22 08:32 |
Justin Sun Explains USDD Mechanism Similar to MakerDAO's DAI
According to Justin Sun, the decentralized stablecoin USDD operates on a mechanism similar to MakerDAO's DAI. The system allows any collateral holder to withdraw freely when their collateral exceeds the specified amount, typically between 120%-150% depending on the vault. (Source) |
| 2024-08-22 08:32 |
Justin Sun Explains USDD's Mechanism Similar to MakerDAO's DAI
According to Justin Sun, the decentralized stablecoin USDD operates with a mechanism similar to MakerDAO's DAI. The process involves collateral management where holders can withdraw freely as long as their collateral exceeds the system-specified amount, typically ranging between 120% and 150% based on the vault. (Source) |
| 2024-08-23 12:19 |
Justin Sun Clarifies Decentralized Nature of USDD Stablecoin
According to Justin Sun, USDD is a decentralized stablecoin protocol that is not associated with any individual's name. He compares it to Bitcoin, which was created by Satoshi Nakamoto but does not belong to Nakamoto. (Source) |
| 2024-08-23 12:18 |
Clarification on BTC Collateral and USDD Usability by Justin Sun
According to Justin Sun, the notion that the protocol no longer accepts BTC as collateral is incorrect. Stakers can remove their excess collateral, but this does not mean BTC is no longer accepted. Additionally, USDD is expected to become easier to use by Q4. (Source) |
| 2024-08-27 15:26 |
Justin Sun Reaffirms Decentralization of USDD Stablecoin
According to Justin Sun, the main decentralized stablecoins on the market have already implemented freeze functions and have started blocking VPN usage on the front end. He emphasizes that USDD, as its name suggests—Decentralized USD—is a decentralized stablecoin that will absolutely not implement such restrictions. (Source) |
| 2024-08-27 15:26 |
Justin Sun Affirms USDD's Commitment to Decentralization
According to @justinsuntron, the main decentralized stablecoins on the market have already implemented freeze functions and have started blocking VPN usage on the front end. However, he emphasized that USDD, as its name suggests—Decentralized USD—is committed to remaining a decentralized stablecoin and will not implement such restrictions. (Source) |