Multichain whitelisted by TRON DAO Reserve
Bridge USDD throughout multi-chain ecosystem
TRON DAO Reserve is a DAO system organized in a decentralized manner. Led by TRON, the decentralized reserve of the blockchain industry takes custody of the initial financial reserve assets raised from the TRON network and other initiators from the blockchain space.
The TDR dedicates itself to guarding the blockchain industry and the crypto market, minimizing panic trading brought on by financial crises, and remedying severe and protracted economic downturns. Besides, the TDR will set risk-free interest rates for stablecoins, regulate the market, and stabilize the exchange rate. It also intends to formulate and implement monetary and exchange rate policies, maintain reserve assets, and minimize systemic risks.
USDD (Decentralized USD) is the first over-collateralized decentralized stablecoin with a guaranteed minimum collateral ratio of 130%. It has been launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The guaranteed over-collateralization using various mainstream cryptocurrencies helps ensure the stability and security of USDD and consolidate its value as a true settlement currency.
To support the over-collateralization of USDD, the TDR has significantly increased its reserves to back USDD’s total supply. The reserves incorporate some of the most liquid assets such as BTC, TRX, USDC and USDT. All of these have rendered USDD the most secure decentralized stablecoin in the world.
As the ultimate Router for Web 3, Multichain has spared no efforts to usher USDD into the flourishing multi-chain ecosystem through our cross-chain bridges extending to all directions. We are exerting ourselves to enable USDD to arbitrarily migrate among BitTorrentChain, Ethereum, Fantom, Avalanche, BNB Chain, Arbitrum, Optimism and more blockchains interoperable in the near future.
Currently, Alameda Research, Amber Group, Poloniex, Ankr, Mirana, Multichain, FalconX, and TPS Capital have joined the TDR as members and whitelisted institutions. Serving as significant advisors, we will collaborate to offer recommendations to develop, enhance, and provide general support to the USDD network.
On July 20th, 2020, Multichain was born as Anyswap to address the clear need for distinct and diverse blockchains to communicate with one another. Multichain improves interoperability across different networks and actualizes smooth asset and value transfers as a cross-chain architecture. Multichain is the leader in the cross-chain sector, with a constantly growing family of non-EVM and EVM chains (currently 53).