Autonomous Secure Dollar (USSD) – is the project aimed to create a fully autonomous, decentralized and radically overcollateralized stablecoin (ERC20) pegged to USD.
The stablecoin architecture ensures the following features:1.
Extremely overcollateralized. USSD stablecoin is fully backed by decentralized crypto assets. Furthermore, the collateral to capitalization ratio of the USSD stable coin is aimed to be more then 10x.
2.
Autonomous.- the USSD stablecoin user can’t be frozen, blacklisted or banned by anyone;
- USSD collateral is not connected with financial institutions and physical world;
- simple architecture, smart-contract based – no reliance on any operating business, thus independent from any revenue stream risk (such as fees, lending/borrowing interest, etc.).
Comparison of USSD with other stablecoins
Project links: