#数字资产市场洞察 【The True Positioning of Stablecoins in the Bitcoin Ecosystem】

As Bitcoin gradually evolves from a speculative asset into a financial infrastructure, the ecosystem urgently needs a reliable stablecoin to support various DeFi operations. USDD aims to play this role—how does its plan look? Let’s break it down.

**Core Mechanism Logic**

Over-collateralization is the foundation that allows this stablecoin to stand firm—>What does 130% on-chain transparent reserves mean? Behind every USDD, there are sufficient assets backing it, which in the high-frequency liquidation bear market era really provides reassurance. The mechanism that precisely pegs to 1 USD is essentially an automatic adjustment system, not relying on manual intervention, and not easily swayed by public opinion.

**Native Integration with Bitcoin Layer2**

This has already been integrated directly into the Bitcoin Layer2 network as a core module. What does this mean? Under different public chain environments, this stablecoin can provide consistent trading pair standards, facilitating cross-chain operations and arbitrage. It also comes with yield-generating features, so users are not just holding depreciating assets but can participate in some form of returns.

**Imaginative Space for Ecosystem Participation**

USDD itself also carries a certain governance attribute—participants can not only share in the ecosystem’s growth benefits but also have a say in major decisions. This is completely different in appeal for ordinary retail investors versus institutions.

**The Question**

In the current acceleration of Bitcoin financial exploration, what is the main mission of stablecoins like USDD? Is it to assist large funds in complex cross-chain arbitrage and deep liquidity operations, or to focus on providing small and medium users with safe and convenient trading and asset parking? This choice directly influences the direction of ecosystem development. What’s your view?