PSM adds support for USDC to further enhance USDD price stability

According to official news, on August 18, PSM (Peg Stability Module) added support for USDC.

PSM supports users to perform a 1:1 fixed exchange rate swap between USDD and USDC, with zero slippage and zero handling fees during the exchange process. Moreover, users can also use PSM and USDD to complete the exchange between USDT and USDC, enriching the application scenarios of USDD.

The core mission of USDD is to provide a decentralized hyper-collateralized stablecoin for the blockchain industry. As the initial custodian of USDD, the Federal Reserve has not only adopted a series of monetary policies to maintain the price stability of USDD according to market conditions, but also has been committed to exploring new ways to improve the stability of USDD prices and promote the continued growth of the USDD ecosystem.

The PSM exchange function not only supports USDT but also supports USDC, which further improves the stability of USDD prices, enriches and improves the USDD issuance mechanism, and provides a safer and more stable infrastructure for the USDD ecology. After the introduction of multiple stablecoins in the subsequent PSM, each stablecoin can be exchanged 1:1 at a low cost through USDD as an intermediary, which also brings a new application scenario to the USDD ecosystem and improves the overall DeFi ecosystem of TRON fluidity.