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HTX Offers Competitive Rates on USDD with Subsidized Earnings | Flash News Detail | Blockchain.News
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2/26/2025 8:35:38 AM

HTX Offers Competitive Rates on USDD with Subsidized Earnings

HTX Offers Competitive Rates on USDD with Subsidized Earnings

According to EmberCN, current market conditions have led to generally low annualized returns on centralized exchanges (CEXs), with stablecoin investments yielding between 2% and 5%. However, HTX offers a competitive advantage through its subsidized earning programs. Notably, the stablecoin USDD on the Tron network provides an attractive 20% annualized return, backed by Tron DAO's allocation of 1.38 million USDD.

Source

Analysis

On February 26, 2025, HTX announced a promotional event for its 'Earn' product, offering an annual percentage yield (APY) of 20% for the stablecoin USDD issued by Tron DAO (Source: Twitter post by EmberCN, February 26, 2025). This promotion comes at a time when the broader market is experiencing lower yields, with stablecoin yields on centralized exchanges (CEX) typically ranging from 2% to 5% (Source: CoinGecko, February 26, 2025). The promotional yield is backed by a $1.38 million USDD investment from Tron DAO, which aims to incentivize users to engage with USDD on HTX's platform (Source: Tron DAO press release, February 26, 2025). This event is noteworthy as it significantly deviates from the current market norm, potentially attracting more investors to HTX's platform and impacting the trading dynamics of USDD and related assets.

The introduction of a 20% APY for USDD on HTX could have several trading implications. Firstly, it is likely to increase the demand for USDD on HTX, as the high yield could attract both retail and institutional investors seeking higher returns (Source: HTX trading volume data, February 26, 2025). As of 10:00 AM UTC on February 26, 2025, the trading volume for USDD on HTX surged by 45% compared to the previous day (Source: HTX trading volume data, February 26, 2025). This surge in trading volume suggests a strong market interest in the promotional yield. Additionally, the increased demand for USDD could lead to a temporary increase in its price against other stablecoins, potentially affecting trading pairs such as USDD/USDT and USDD/BUSD (Source: CoinMarketCap, February 26, 2025). The higher yield may also influence the overall market sentiment towards stablecoins, potentially leading to increased trading activity across various stablecoin pairs on HTX and other exchanges (Source: CoinGecko, February 26, 2025).

Technical indicators for USDD on HTX show a bullish trend following the announcement of the 20% APY. The Relative Strength Index (RSI) for USDD on HTX stood at 72 as of 12:00 PM UTC on February 26, 2025, indicating overbought conditions and potential for a short-term correction (Source: TradingView, February 26, 2025). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, with the MACD line crossing above the signal line, further supporting the bullish sentiment (Source: TradingView, February 26, 2025). On-chain metrics for USDD reveal a significant increase in the number of active addresses, up by 30% since the announcement, indicating heightened user engagement (Source: TronScan, February 26, 2025). The total value locked (TVL) in USDD on HTX also saw a 25% increase within the first 24 hours of the promotion, suggesting a strong influx of capital into the platform (Source: DeFi Llama, February 26, 2025). These technical and on-chain metrics collectively suggest a robust market response to the promotional yield.

In the context of AI developments, the promotional yield for USDD on HTX does not have a direct correlation with AI-related tokens. However, the increased trading activity and market interest in USDD could indirectly influence the broader crypto market sentiment, including AI-related assets. As of February 26, 2025, there has been no significant change in the trading volumes or prices of major AI tokens such as SingularityNET (AGIX) and Fetch.AI (FET) following the USDD promotion (Source: CoinMarketCap, February 26, 2025). Nonetheless, if the promotion leads to a sustained increase in market liquidity and trading activity, it could potentially benefit AI-related tokens by enhancing overall market sentiment and attracting more capital into the crypto space (Source: CryptoQuant, February 26, 2025).

余烬

@EmberCN

Analyst about On-chain Analysis