ChainSecurity completes USDD 2.0 security assessment to further strengthen the stable operation foundation of the USDD ecosystem

Recently, the well-known blockchain security auditing firm ChainSecurity completed a comprehensive security assessment of the decentralized stablecoin USDD 2.0 and confirmed that its contract codebase possesses a high level of security. The audit report pointed out that USDD 2.0 excels in asset solvency and functional correctness, providing strong assurance for the secure and stable operation of its ecosystem in the future.

In this security assessment, ChainSecurity conducted an in-depth analysis of the USDD 2.0 codebase and performed a rigorous audit in key areas, confirming its high level of security. The report shows:

Firstly, the asset solvency security of USDD 2.0 is high, ensuring the reliability of the stablecoin; secondly, the functional correctness of USDD 2.0 has been significantly improved, enhancing system stability; additionally, the access control mechanism has been further optimized to effectively prevent unauthorized access risks.

The report concludes that the overall security of USDD 2.0 is satisfactory, especially as the contract codebase possesses a high level of security.

As an important component of the stablecoin ecosystem on the TRON chain, USDD completed a comprehensive upgrade on January 25, achieving significant improvements in security and decentralization through a series of innovative technologies, including a secure liquidation mechanism, dynamic collateral ratios, and an advanced risk management system. These mechanisms ensure that USDD 2.0 can maintain a 1:1 peg to the US dollar even in the face of severe market fluctuations, enhancing the stablecoin's risk resistance and transforming it into a fully decentralized DeFi product and service that users can access conveniently and quickly.

Moreover, USDD 2.0 adopts a community-driven governance model and an on-chain transparency mechanism, continuously optimizing the security and auditability of smart contracts, providing users with a more trustworthy and decentralized trading environment.

It is worth noting that USDD 2.0 not only enhances security but also makes significant progress in DeFi application integration, stablecoin stability modules (PSM), and user self-governance. On February 1, USDD 2.0 launched a staking activity with a 20% annualized yield on JustLend DAO, offering users additional earning opportunities, especially providing stable financial returns during periods of severe market volatility and noticeable downward trends. This measure further promotes the application and popularization of USDD 2.0 and other stablecoins.

It is understood that USDD 2.0 will also empower more application scenarios such as JST, further expanding its ecosystem. With the introduction of the latest features such as dynamic collateral ratios and secure liquidation, along with support from multiple platforms like SUN.io, USDD 2.0 will bring users a more convenient and efficient DeFi experience.

The audit report from ChainSecurity further enhances market confidence in USDD 2.0, laying a solid security foundation for its future development. In the future, USDD 2.0 will continue to improve the security of smart contracts, empower more DeFi application scenarios, and promote the prosperous development of the decentralized finance (DeFi) ecosystem.