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USDD

USDD USDD Price $ 0.989

Rank: 115

233 Watchlists

Stablecoin

USDD Price

0.989
0.55%
(-$ 0.00545)
Price Range
LowHigh
$ 0.980$ 0.994

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

USDD is a decentralized algorithmic stablecoin running on the TRON blockchain

USDD (USDD) Chart

The USDD to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.

USDD to USD Converter

USDD (USDD)USDD

USDD Price Statistics

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Market Cap

$ 717.08M

FDV

$ 717.08M

ATH Market Cap

$ 814.83M

24 Trade Vol.

$ 4.84M


Vol. (24h) / MCap

0.00675

Listing Date

3 May 2022

All Time High

$ 1.05

11 May 2022


All Time Low

$ 0.923

19 Jun 2022


From ATH

6.06%

From ATL

7.15%

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 $ 0.989, it has dropped -0.55% over the past 24 hours.

USDD's All Time High (ATH) of $ 1.05 was reached on 11 May 2022, and is currently -6.06% down.

The current circulating supply of USDD is 725.33 Million tokens, and the maximum supply of USDD is unlimited.

USDD’s 24 hour trading volume is $ 4.84 Million.

USDD's current share of the entire cryptocurrency market is 0.03%, with a market capitalization of $ 717.08 Million.

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