Messari released USDD third-quarter research report: the number of wallets increased by 5 times, and the cumulative transaction volume exceeded 6.2 billion US dollars

According to the latest news, Messari, a top encrypted data research institution, recently released the USDD third-quarter research report. The report shows that in the third quarter, the number of wallets holding USDD increased by 5 times, and the cumulative transaction volume of USDD exceeded 6.2 billion US dollars. This is the first special report released by Messari for projects in the TRON ecosystem, and it also means that USDD has been recognized by mainstream institutions in the market.

Through multi-dimensional research and analysis of USDD supply, reserves, adoption, price anchoring, and stabilization mechanisms, Messari pointed out in the report that the adoption rate of USDD has grown strongly, and the number of USDD wallets has increased to 120,000, with an average Holdings are about 6000 USDD. In comparison, USDT wallets hold an average of 46 USDT. The cumulative trading volume of USDD also exceeds 6.2 billion US dollars, and the average daily number of transactions is as low as 400.

USDD is over-collateralized by a variety of digital assets including BTC, USDC, USDT, etc., and the stable currency exchange tool PSM is used to maintain price stability. PSM supports users to perform 1:1 exchange between USDD and USDT, USDC, TUSD and USDJ. Up to now, PSM has contributed more than 1 billion US dollars in transaction volume. The launch of PSM will help maintain USDD price anchoring and enhance market confidence in USDD stability.

In addition, the report also highlighted that on October 7, USDD was authorized by Dominica to be used as a trading medium in the country, which also promoted the global adoption of USDD.

According to official data, the current mortgage rate of USDD is as high as 292.2%. Up to now, the Federal Reserve Bank of Wave holds a total of 14,040 BTC, 10.91 billion TRX, 990 million USDC and other encrypted assets, with a total amount of more than 2.119 billion US dollars to provide mortgage guarantees for 725 million US dollars of USDD.

Thank you for the support of Messari, and welcome everyone to experience the stable, safe and transparent decentralized super-collateralized stablecoin USDD.

USDD third quarter research report link: https://messari.io/report/state-of-usdd-q3-2022