SUN.io announces support for redeeming USDD 2.0 in PSM

2025-02-10 19:18:24

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ChainCatcher news, SUN.io officially announces its support for the newly upgraded USDD 2.0 exchange in the Peg Stability Module (PSM). Users can now swap USDD and other stablecoins at a fixed 1:1 exchange rate through the PSM. The PSM is a stablecoin exchange tool launched by the Wave Federation. Users can swap USDD and other stablecoins at a fixed 1:1 exchange rate through the PSM.

It is reported that the upgraded USDD 2.0 introduces more robust security mechanisms, including secure liquidation processes, dynamic collateral ratio adjustments, and optimized risk management protocols, aimed at enhancing its decentralization features and overall stability, ensuring that USDD maintains a 1:1 peg to the US dollar amidst market fluctuations.

In addition, the USDD-related assets previously involved on the SUN.io platform have been uniformly renamed to USDD OLD. Users should pay attention to the asset identification changes to avoid confusion. The SUN.io team stated that they will continue to optimize the user experience and promote the healthy development of the DeFi ecosystem.

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SUN.io USDD 2.0 PSM

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