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USDD USDDPrice $ 0.99959
Rank: 50
USDD Price
USDD (USDD) has recently migrated from old contracst to new ones. For more information, please check the official announcement: https://x.com/usddio/status/1887....
General Info
Contracts/Explorers:
Ethereum
USDD (USDD) Chart
USDD to USD Converter
USDD
What is USDD (USDD)?
USDD is an algorithmic stablecoin issued by the TRON DAO Reserve. It was launched in May 2022 on the Tron Network. USDD is pegged 1:1 to the US dollar and uses a selection of cryptocurrencies to guarantee over-collateralization. It was created with the aim of addressing the common concerns of price volatility within the crypto market.
The founders of the currency claim that USDD has "perpetual existence and zero dependence on any centralized entity" and hope that the coin will become the most decentralized currency to exist.
What are USDD’s key features and how does it work?
Some of the key features of USDD include its price stability, and the way it achieves price stability. USDD’s value is stabilized using algorithms and Super Representatives. In essence, Super Representatives work by providing price oracle for USDD. This is done by a decentralized network of block validators voting on what they think the current exchange rate of USDD should be. They are incentivized to act honestly because they have a large stake of TRX and have a vest interest to provide accurate pricing. Furthermore, validators receive a minimum of .5% of transaction fees of any TRX/USDD swaps, as well as a fixed fee rate for any swap with USDD.
Additionally, TRX is used in part as a safety buffer for USDD. It is used as the base currency that prices USDD, via the Super Representatives in order to prevent price fluctuations. TRX absorbs the price volatility.
What can USDD be used for?
USDD can be used in the same manner as many other stablecoins. This includes interacting with and engaging across compatible chains within DeFi, Governance, GameFi, as well as trading for other currencies.
Where can you buy USDD?
USDD is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Huobi Global, Gate.io, and Poloniex. The price of USDD will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for USDD market prices, please view the price charts on this page.
USDD Price Today
USDD's current price is $ 0.9995, it has dropped -0.04% over the past 24 hours.
USDD's All Time High (ATH) of $ 1.05 was reached on 11 May 2022, and is currently -5.02% down.
The current circulating supply of USDD is 1.53 Billion tokens, and the maximum supply of USDD is unlimited.
USDD’s 24 hour trading volume is $ 4.77 Million.
USDD's current share of the entire cryptocurrency market is 0.06%, with a market capitalization of $ 1.53 Billion.
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