ChainSecurity Completes Security Assessment of USDD 2.0, Confirming High Level of Security in Its Contract Codebase

Recently, the well-known blockchain security auditing firm ChainSecurity completed a comprehensive security assessment of the decentralized stablecoin USDD 2.0

ChainSecurity, a renowned blockchain security auditing firm, recently completed a comprehensive assessment of the decentralized stablecoin USDD 2.0. The audit report highlighted several key aspects that contribute to the high level of security offered by USDD 2.0.

According to the report, the asset solvency security of USDD 2.0 is robust, ensuring the stablecoin's reliability. This is crucial for maintaining the integrity and stability of the entire ecosystem. Furthermore, the functional correctness of USDD 2.0 has been significantly enhanced, which is essential for preventing bugs and ensuring the smooth operation of the system.

In addition, the access control mechanism has been further optimized to effectively prevent unauthorized access risks. This is especially important in preventing malicious activities and ensuring the safety of user funds.

Overall, the report concludes that the security of USDD 2.0 is satisfactory, particularly with the high level of security in the contract codebase. As an integral part of the stablecoin ecosystem on the TRON chain, USDD recently underwent a comprehensive upgrade on January 25.

This upgrade employed several innovative technologies, including a secure liquidation mechanism, dynamic collateral ratios, and an advanced risk management system, to significantly enhance the security and decentralization of USDD.

Through these mechanisms, even in the face of severe market fluctuations, USDD 2.0 can still maintain a 1:1 peg to the US dollar. This greatly enhances the stablecoin's risk resistance and transforms it into a fully decentralized DeFi product and service, easily and quickly accessible to users.

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

It is also worth noting that besides enhancing security, USDD 2.0 also made substantial progress in DeFi application integration, stablecoin stability modules (PSM), and user self-governance.

On February 1, USDD 2.0 launched a staking activity on JustLend DAO, offering an annualized yield of 20%. This provides users with additional earning opportunities, especially during periods of severe market volatility and noticeable downward trends, to obtain stable financial returns.

This measure serves to further promote 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, and continue to expand its ecosystem.

With the introduction of the latest features, such as dynamic collateral ratios and secure liquidation, and support from multiple platforms, including 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 upcoming period, USDD 2.0 will continue to improve the security of smart contracts, empower more DeFi application scenarios, and contribute to the prosperous development of the decentralized finance (DeFi) ecosystem.