To be honest, many people have never really understood the exchange of stablecoins.
It seems simple, isn't it just exchanging USDT for USDC, USDD, and the like? But when it comes to actually operating, I often encounter large slippage, high fees, and even price instability. Especially during market fluctuations, if you're not careful, you can lose a little bit, and after several times, it becomes quite frustrating.
But just when I was a bit annoyed with this, a friend recommended I try the PSM (Peg Stability Module) launched by USDD, and the experience was really different.
Its core logic is a
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