Autonomous Secure Dollar (USSD) is a low-risk stablecoin that provides a transparent way to earn more than inflation interest. A new ideal stablecoin?

USSD (Arbitrum) is already working as an independent, censorship-resistant stablecoin with no ties to real-world assets - with the opportunity to earn a natural high interest rate (APY 15%+). To enhance the permanent over-collateralization ratio, insurance capital was involved.

Disclaimer

Before we start, I would like to say that this is a post for smart and critical thinking crypto enthusiasts. If you think that Binance exchange is a blockchain (or crypto or other keyword) and USDT is safe or, acting as mommy nihilists, you reject everything and claim expertise in all, please do not proceed.

Anouther thing, USSD smart contracts is already deployed on 12.03.2024, was locked from any changes, and was audited by a famous smart-contract auditor with a high score. No weak ideas and imaginations from fantasists; it is already working.

OK, let's continue.

Main part

Do you know about stablecoins like USDT (Tether), USDC (USD Coin), and UST (from the Terra/Luna project)? USDT and USDC are popular and generally seen as safe options. Yet, there's a risk: the organizations that issue these coins can block certain addresses. If that happens, you might not be able to access your money, which brings up worries about too much power and monitoring by these central authorities.

If you believe I'm overreacting or causing unnecessary drama, take a look for yourself here: https://dune.com/phabc/usdt---banned-addresses. Over 1200 addresses have already been banned, involving around 1 billion dollars. What would you do if it happened to you? How can you prove that you are not guilty and your money should be returned to you?

UST. How about we explore this fascinating option? UST, from the Terra/Luna project, caught attention by offering high interest rates. However, its value fell sharply to just 2-3 cents. The big issue with UST was the unclear origin of its interest payments. Without a clear and lasting plan for its economy, the reliability of such a system remains doubtful.

However, imagine a scenario where there is a solution that allows you to safeguard your cryptocurrency dollars without the risk of being blacklisted by authorities. Also, this solution would enable you to earn interest derived from the natural growth of the crypto market, rather than from an opaque or unsustainable source.

David Lee has developed a solution featuring the following:

- The Smart Contract is immutable and does not contain any functions for blacklisting.
- It boasts a high level of security, having been audited by Hacken with a perfect score of 9.3.
- The stablecoin is backed solely by major cryptocurrencies (BTC and ETH), excluding altcoins.
- A non-withdrawable Insurance fund ensures permanent overcollateralization for this stablecoin.
- USSD holders receive anti-inflation interest, with rewards directly tied to the growth of the crypto collateral - specifically, the increase in value of BTC and ETH within the collateral. This system relies on straightforward mathematics without resorting to unpredictable "black swan" events. No magic interest out of nowhere.

Additionally, USSD community is excited to announce the ICEBreaker program. ICEBreaker is a local currency stablecoin franchise for earning where they are seeking other anonymous founders to champion stablecoins in various markets such as KRW, BRL, etc. USSD community is committing a marketing fund to test all promotional ideas.

I'm not here to push marketing hype. My goal is to encourage you to think critically and make informed choices. I am ready to share all relevant links and am eager to discuss both the strengths and weaknesses of USSD in our Tg community.

What to do next?

Let's stand for autonomy and radical transparency. Analyze with a critical mindset. Here is more info about USSD: https://www.ussd.ai/ and https://www.ussd.ai/docs . Ask anything in front of everyone in our community: https://t.me/ussdtalk

Author: David Lee

Dune

USDT - Banned Addresses

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? Satoshi Era Mega Whale Awakens: $123M Worth of 2,000 Vintage Bitcoins Stir the Crypto World!

? On March 1, 2024, a notorious mega whale resurfaced, making waves with a jaw-dropping move. This crypto behemoth, first spotted in March 2020, orchestrated a series of 40 transactions, transferring a whopping 2,000 BTC from the depths of 2010.

? Each transaction was linked to a 50 BTC coinbase reward originating from unique addresses. These ancient Pay-to-Public-Key-Hash (P2PKH) addresses had been lying dormant for over a decade until this whale's awakening.

? The whale's strategy involved consolidating its treasure trove into a single Pay-to-Script-Hash (P2SH) address. Today, all eyes are on the BTC stash residing at the address "3BhsG," worth an eye-popping $123.9 million!

⛓ Confirmed at block height 832,648, this flurry of activity mirrors the whale's previous exploits from the bygone era of August-November 2010. It seems this leviathan has perfected the art of preserving anonymity while making seismic moves.

? But that's not all! In a parallel maneuver, our crypto cetacean also steered its 2,000 bitcoin cash (BCH) holdings to another known destination – the address "qpq4u." A double splash in the crypto ocean!

? From humble beginnings when each BTC was worth around $800, these vintage coins have surged in value over time. Today's exchange rates catapult their worth to an astonishing $123.9 million – a testament to Bitcoin's meteoric rise.

Hold on tight, fellow crypto enthusiasts, as the Satoshi Era Mega Whale continues to make waves in the ever-evolving ocean of digital assets! ?*?*

? Max Keiser's Bitcoin Warning: ETFs at Risk, $500K BTC and a Crash!

? Brace yourself for a potential 1987-style crash, says Max Keiser, the outspoken bitcoin advocate. But don't despair just yet, as he also predicts that the ultimate safe haven, Bitcoin, will soar past $500,000!

? However, there's a twist. Keiser warns that the U.S. government might not be content with just watching from the sidelines. He suggests they could go after BTC ETFs and even "commandeer" domestic miners. It's a stark reminder to self-custody your precious digital assets.

? Governments worldwide have a track record of seizing crypto, and the U.S. is no exception. From major fraud cases to criminal investigations, they've been on a confiscation spree. So, it's no surprise that Keiser raises an eyebrow at the safety of ETF-held bitcoin.

? On the flip side, spot bitcoin ETFs are enjoying their moment in the sun with record trading volumes. Industry leaders like Microstrategy's Michael Saylor hail Bitcoin as the new investment darling, while Coinbase takes charge of most approved ETFs.

? The buzz around ETFs and the upcoming Bitcoin halving has investors giddy with anticipation. Fundstrat's research head sees $150K on the horizon, while Robert Kiyosaki joins the chorus with his own $100K prediction by June.

?️ Crypto Exchange Heist: Taiwan Police Nab Fraudulent Fintech Fugitives

? Arrests in the Realm of Crypto! Taiwan's finest have clapped the cuffs on two high-flying executives of ACE Exchange. These suspected masterminds have allegedly taken investors on a unicorn ride with nonexistent virtual currencies.

? Promises of Digital Gold? Think fast money and even faster promises! Lin Nan, the alleged primary trickster, and Pan Nan, supposedly his sidekick, reportedly enticed over 100 individuals into their web of deceit using ACE Exchange as their stage for credibility.

? A Millionaire's Raid! Police swoops were as dramatic as a movie heist, hitting 15 locations and leaving no stone unturned. Lin Nan's abode alone coughed up a cash and crypto stash valuing upwards of $3.6 million — talk about a rainy-day fund!

? The Law Locks Down! Post interrogation, the dynamic duo and their band of 14 were escorted to the big house. Brace for charges under the Criminal Code, not forgetting a sprinkle of Money Laundering Prevention and Banking Acts violations.

? Blast Off to Billion-Dollar Heights: L2 Protocol Sees Explosive Growth in Crypto Value

? From Humble Beginnings to Billionaire Status
Initially boasting a modest $89.59 million TVL, Blast has skyrocketed to a whopping $1.135 billion. Now, it sits proudly as the 17th titan in the decentralized finance (defi) realm, rubbing shoulders with the likes of Juststables and Marinade Finance, as per recent figures from defillama.

? A Blend of Innovation and Controversy
Famed for its native staking and yield-boosting strategies involving ether (ETH) and real-world assets, Blast is the brainchild of Pacman, creator of Blur NFT marketplace. Investments poured in from Paradigm and Standard Crypto, though not without some eyebrow raises on Blast's bold launch strategies and accusations of a Ponzi scheme - a claim Pacman vehemently denies.

? Unlocking the Potential of Locked Assets
Capital lock-in might sound like a blast from a restrictive past, but Blast appeases users with a steady 5% interest on their investments. What's more? They're stacking up points, redeemable for an upcoming digital currency. But patience is key—access to these funds is sealed off until February 2024.

? Future's Bright with Competitive Spirits
Joseph Liu, the visionary behind Nftperp, sees Blast's integration of decentralized perpetual futures for NFTs via Blur as a move of a formidable rival. Nftperp, freshly fortified with $3 million in funds, is all geared up for the challenge.

? Victory Lap on Social Media Platforms
Surfing the social media wave, Pacman shared a victorious message on platform X, celebrating the protocol's monumental success. "Incredibly excited to close out the year with this milestone," he exclaimed, embracing the shared success in Web3's communal spirit and the role of the end-users in the onchain economy. The anticipation for the new year is palpable!

? Nigeria Embraces Crypto! Central Bank Lifts Ban and Aligns with Global Standards

? The tide is turning in Nigeria! The Central Bank of Nigeria (CBN) has officially waved goodbye to its ban on banks dealing with cryptocurrencies. This marks a monumental shift in the country’s approach to the digital economy and brings a cheer from crypto enthusiasts.

? Once shackled by a February 2021 prohibition order, the Nigerian financial institutions can now breathe easy. The earlier command had forced banks to turn their backs on the crypto world, causing quite a stir and a series of account closures.

? Citing the need to keep up with the joneses on the international stage, the CBN's new stance has been influenced by the Financial Action Task Force's (FATF) updated Recommendation 15. It's all about regulating the virtual asset service providers (VASPs) to ward off money laundering and terrorist financing.

? What's more, Nigeria is putting a ring on it by including VASPs in the legal definition of a financial institution. To add icing to the cake, the Securities and Exchange Commission is donning the bedazzled outfit of a regulator to oversee these crypto players.

? However, don't put your party hats on just yet if you're a bank hoping to trade in cryptocurrencies directly. The CBN's yellow light means banks must avoid holding, trading, or transacting in virtual currencies themselves.

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? Fees escalated, crossing the $40 per transaction threshold as the mempool exceeded 300,000 unconfirmed transactions. Warnings about this high fee rate environment have been circulating for some time.

➡️The Lightning Network's capacity expanded modestly from 5,440 BTC to 5,540 BTC by November’s end. Yet, since November 25, 2023, about 350 BTC, valued at approximately $14.8 million, has exited the L2 network.

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? Blockstream’s L2 solution, Liquid, has seen a rise in capacity, with 199 BTC added since November, as stated on the firm’s website.

? Despite prior warnings, the community largely disregarded the signs, leading to an unexpected decline in the Lightning Network’s capacity. This trend starkly contrasts with the anticipated and favored increase, highlighting a disconnect between expectations and the evolving realities of the cryptocurrency landscape.