What is USDD?
USDD is a 1:1 USD-backed stablecoin based on the Tron network. It aims to provide decentralized systems with the most stable, decentralized, and freeze-free stablecoin which is totally independent from any centralized entity.
Due to a built-in incentive system and a convenient monetary policy, USDD can self-stabilize in the face of price fluctuations and strengthen its position as a genuine settlement currency. A decentralized currency protocol with a steady price would also broaden the applications for cryptocurrencies, making them truly usable and having significant effects on the blockchain industry and the actual economy.
USDD is cuirculated on TRON, Ethereum, BSC, and other blockchains through the cross-chain protocol BitTorrent Chain. Current total USDD supply is $723,321,764. The over-collateralization of multiple mainstream cryptocurrencies ensures the stability and security of USDD
Sunny Lu is the CEO and founder of VeChain. His professional life took several unexpected turns. Sunny Lu joined Bacardi China as the IT Manager in 2009. After a year, he shifted his focus to fashion, becoming the chief technical officer for Louis Vuitton China. In 2014, he transitioned to the company's IT sector, becoming the CIO of the Chinese division.
The idea for VeChain was born a year later, in 2015, and Sunny Lu founded the company. VeChain was originally a subsidiary of Bitse, one of China's largest blockchain powerhouses. Sunny Lu later split from Bitse, and VeChain became its own business. The company underwent a significant rebranding process in 2018, which resulted in the creation of the VeChainThor blockchain and the VeThor token.
VeThor Token (VTHO) is distinct in that it is a VIP-180 Standard token. While VeChain Token (VET) serves as the primary value-transfer token, VTHO is an essential component of VeChainThor's operation. The blockchain's bi-token design allows traders to participate with both tokens, diversifying their involvement with the project.