Recently, the stablecoin sector has been exploding. XUSD dropped 77%, PYUSD caused a $300 trillion minting blunder, and Yuzhi Financial's fund scheme directly ran away... The entire market confidence has collapsed completely, and many are clearing out their positions to save themselves.

But interestingly, amidst this wave of explosions, one product has shown a different logic against the trend. The approach of USDD 2.0 is worth a look—while others hide their assets and dare not show them, it directly exposes the over-collateralized pool. The latest data shows a scale of $620 million, still growing against the trend, a level that already surpasses the circulating supply by quite a bit. It is also backed by five audits from CertiK, with Messari endorsing it, and on-chain assets can be verified at any time. The risk of institutional-level freezing is also avoided (this move is meaningful compared to some platforms' asset freezing incidents).

There are also highlights on the product side. The PSM module supports 1:1 stablecoin redemption, with the ability to switch freely between TRON and Ethereum chains, making user experience more flexible. The twelfth mining event offers a 5% annualized return, with rewards distributed weekly until January next year. This level of return is still attractive in the current environment.

From the perspective of the TRON ecosystem, it has nearly 300 million users. The T3 team has frozen 130 million in illegal funds, showing that compliance is being taken seriously. The current question is—at a time when trust in stablecoins is generally declining, can this combination of over-collateralization, regular audits, and on-chain transparency withstand the next market shock? What do you all think?