USDD vs UST: Is Justin Sun's New Stablecoin Just a Clone of UST?

won@newsletter.paragraph.com (won) — Sun, 29 May 2022 06:33:53 GMT

UST, a stablecoin that's supposed to maintain a price peg with the US dollar 1:1, spiraled out of control to reach as low as USD 0.10 this month. Following the momentous rise of UST in just a few months, only a few predicted its monumental crash, especially with the dominance stablecoins were gaining in the market.

Stablecoins have become a dominant force in the crypto markets as they enable investors to hold funds in dollars without leaving the cryptoasset markets. Decentralized finance (DeFi) is one of the major beneficiaries of stablecoins as they power most of the borrowing, lending, and liquidity provision in many DeFi protocols.

In the wake of the collapse of UST, another stablecoin backed by a prominent crypto entrepreneur, which is aiming to play the algorithmic card better than UST, has hit the market.

Read on to learn about Justin Sun’s new stablecoin, USDD, and how it looks eerily similar to the recently collapsed UST.

How Bitcoin Works

won@newsletter.paragraph.com (won) — Sun, 15 May 2022 10:30:14 GMT

比特币区块链是一个由加密保护并由同行验证的交易数据库。这是它的工作原理。区块链不是存储在一个地方；它分布在网络内的多台计算机和系统上。这些系统称为节点。每个节点都有一个区块链副本，并且只要区块链发生经过验证的更改，每个副本都会更新。

区块链由区块组成，这些区块存储有关交易、先前区块、地址以及执行交易和运行区块链的代码的数据。所以，要了解区块链，首先要了解区块。