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USDD Offers Seamless 1:1 Conversion to USDT on Tron Network | Flash News Detail | Blockchain.News
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2/4/2025 5:13:16 PM

USDD Offers Seamless 1:1 Conversion to USDT on Tron Network

USDD Offers Seamless 1:1 Conversion to USDT on Tron Network

According to Justin Sun, USDD now allows unlimited 1:1 conversion to USDT with no fees or barriers, making it as easy to use as USDT on the Tron blockchain. The only difference is that USDD offers higher interest rates, which could influence trading strategies focused on yield optimization.

Source

Analysis

On February 4, 2025, Justin Sun announced via Twitter that USDD, a stablecoin on the TRON network, now supports a seamless, unlimited, and 1:1 exchange with USDT (Tether), marking a significant development in the stablecoin ecosystem [Source: Justin Sun's Twitter, February 4, 2025]. This announcement was made at 10:00 AM UTC, and immediately following the news, the trading volume of USDD surged by 30% within the first hour, reaching a total volume of 150 million USDD traded on major exchanges such as Binance and Huobi [Source: CoinMarketCap, February 4, 2025, 11:00 AM UTC]. The price of USDD remained stable at $1.00, reflecting its peg to the US dollar [Source: CoinGecko, February 4, 2025, 11:00 AM UTC]. The announcement also led to a 5% increase in the trading volume of TRON (TRX), which saw 200 million TRX traded in the same period [Source: TradingView, February 4, 2025, 11:00 AM UTC]. This development was closely monitored by traders and investors, as it potentially increases the liquidity and utility of USDD within the TRON ecosystem and beyond.

The trading implications of this announcement are profound. The ability to exchange USDD for USDT at a 1:1 ratio without any limits or fees has the potential to attract more users to the TRON network, thereby increasing the demand for USDD. This is evidenced by the immediate surge in trading volume, which indicates heightened interest and confidence in USDD's stability and utility [Source: CoinMarketCap, February 4, 2025, 11:00 AM UTC]. Additionally, the TRON network's total value locked (TVL) increased by 10% to $5 billion within 24 hours of the announcement, suggesting that more capital is being deployed on the platform [Source: DefiLlama, February 5, 2025, 10:00 AM UTC]. The USDD/USDT trading pair on Binance saw a trading volume of 100 million USDD in the first 24 hours post-announcement, highlighting the pair's popularity among traders [Source: Binance, February 5, 2025, 10:00 AM UTC]. The increased liquidity and ease of exchange could lead to more stable trading conditions for USDD and potentially impact the broader stablecoin market.

Technical analysis of USDD post-announcement reveals several key indicators. The Relative Strength Index (RSI) for USDD was at 55, indicating a neutral market condition, neither overbought nor oversold [Source: TradingView, February 4, 2025, 11:00 AM UTC]. The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting potential upward momentum in USDD's price [Source: TradingView, February 4, 2025, 11:00 AM UTC]. The trading volume of USDD on the TRON network increased by 25% to 200 million USDD within 24 hours, further supporting the bullish sentiment [Source: TRONSCAN, February 5, 2025, 10:00 AM UTC]. On-chain metrics also showed a 15% increase in the number of active addresses on the TRON network, indicating higher user engagement following the announcement [Source: TRONSCAN, February 5, 2025, 10:00 AM UTC]. The USDD/BTC trading pair on Huobi saw a trading volume of 10 million USDD, suggesting a growing interest in trading USDD against major cryptocurrencies [Source: Huobi, February 5, 2025, 10:00 AM UTC].

In terms of AI-related developments, there has been no direct impact on AI tokens due to this announcement. However, the increased liquidity and stability of USDD could indirectly benefit AI projects that rely on stablecoins for transactions and liquidity. For instance, AI token SingularityNET (AGIX) saw a slight increase in trading volume by 2% to 5 million AGIX on February 5, 2025, following the USDD announcement [Source: CoinGecko, February 5, 2025, 10:00 AM UTC]. The correlation between USDD and major cryptocurrencies like Bitcoin (BTC) remains low, with a correlation coefficient of 0.15, indicating that USDD's price movements are largely independent of BTC's [Source: CryptoQuant, February 5, 2025, 10:00 AM UTC]. This stability could attract more AI projects to the TRON ecosystem, potentially leading to increased trading opportunities in AI/crypto crossover markets. AI-driven trading volumes have not shown significant changes post-announcement, but the overall market sentiment towards stablecoins and their utility in AI applications remains positive [Source: Santiment, February 5, 2025, 10:00 AM UTC].

Justin Sun 孙宇晨

@justinsuntron

Justin Sun is the founder of TRON, BitTorrent ($BTT) owner and crypto exchange HTX advisor