Decentralized USD Price
(USDD)
USD($)
Decentralized USD (USDD) Live Price Chart
Overview
About
Analysis
FAQ
Decentralized USD Live Price Data
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Note: This data is for reference only.
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Decentralized USD(USDD) Profile
Rank65
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Website
Documentation
Contract
Ethereum 0x0c10bf...5c6BNB Smart Chain (BEP20) 0xd17479...e9c
Audited By
https://usdd.network/SlowMistAuditReport-USDD.pdfhttps://usdd.network/SlowMistAuditReport-USDDTRC20.pdfhttps://skynet.certik.com/projects/usdd?utm_source=CMC&utm_campaign=AuditByCertiKLink
Investors
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$0.9954
$0.9993
$1.0300
-0.04%
+0.04%
-0.02%
$735.5M
$129,944
735,930,409
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About USDD
How can I buy Decentralized USD (USDD)?
What Is USDD Crypto?
USDD is a stablecoin issued by the TRON DAO Reserve. It is pegged to the value of the US Dollar and aims to provide a reliable, decentralized cryptocurrency for blockchain transactions. USDD can be used for payments, trading, staking, and as a store of value.
Various cryptocurrencies, including Bitcoin, Ethereum, and TRON, back the stablecoin USDD. The reserve is over-collateralized to ensure stability and security. The reserve holds more assets than the current amount of USDD in circulation.
Justin Sun is the founder of TRON, which is behind the stablecoin USDD. USDD was introduced on May 5, 2022, and runs on the TRON blockchain. However, it is also available on Ethereum and BNB Chain.
USDD is unique because it is issued and redeemed through smart contracts on TRON. It allows for fast, secure transactions and transparent and verifiable USDD issuance and redemption records. Furthermore, it enables users to participate in staking pools.
How Does the USDD Stablecoin Work?
USDD functions on the principle of over-collateralization. It ensures that the value of the deposited collateral is always significantly higher than the total value of USDD in circulation.
Currently, the minimum collateralization ratio is set at 120%. Dynamic monetary policy mechanisms allow this ratio to be adjusted according to fluctuations in reserve asset values and market conditions.
The USDD protocols are transparent and publicly viewable on the TRON DAO Reserve website. All collateral assets are stored in public on-chain accounts, ensuring high transparency and security.
The TRON DAO Reserve plays a crucial role in managing and developing USDD. As the primary custodian of USDD, it is responsible for maintaining the currency's value and ensuring a stable exchange rate. It was established as a separate financial organization to protect the Tron ecosystem from the effects of prolonged economic downturns, financial panic, and unstable exchange rates.
The main tasks of the TRON DAO Reserve include acting as a lender of last resort, regulating risk-free interest rates, managing liquidity by releasing and restricting funds, and implementing monetary and exchange rate policies.
History of USDD Coin
The USDD stablecoin project was launched on the TRON blockchain on May 5, 2022, and is also available on Ethereum and BNB Chain. It is a creation of Justin Sun, the founder of the TRON network, and is issued by the TRON DAO Reserve and pegged to the US Dollar’s value.
It was developed to provide a reliable, decentralized cryptocurrency for blockchain transactions. It can be used for payments, trading, staking, and as a store of value.
Various cryptocurrencies, including Bitcoin, Ethereum, and TRON, back the USDD stablecoin. The overcollateralized reserve ensures stability and security, meaning it holds more assets than the amount of USDD currently in circulation.
Decentralized USD (USDD) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $0.0003 | 0.04% |
| 7 Days | $0.0001 | 0.02% |
| 30 Days | $-0.001 | -0.10% |
| 3 Months | $-0.0018 | -0.18% |
24H Investment Barometer
24H
Strong Buy
The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning：Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
Strong SellSellNeutralBuyStrong Buy
Decentralized USD Conversion Rate
FAQ
How much is 1 Decentralized USD (USDD) worth?KuCoin provides real-time USD price updates for Decentralized USD (USDD). Decentralized USD price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time USDD to USD exchange rates.
Is USDD (USDD) a Good Investment?
Some unique features that make the USDD project a good investment are its transparency and reliability through smart contracts on TRON, enabling fast and secure transactions.
The stable price peg to the US Dollar is an advantage for investors seeking stability in the volatile cryptocurrency world. Furthermore, USDD offers staking opportunities and is backed by a range of liquid cryptocurrencies, leading to increased security and stability.
What Is USDD Price Prediction?
Factors that could positively influence the price forecast of USDD include its strong peg to the US Dollar, and its over-collateralization leads to additional security.
Using smart contracts for issuance and redemption ensures transparency and trust in the system. The active involvement of the community in the management and development of USDD could also contribute to the strengthening of the project.
How to Use USDD Coin
The use of USDD, a stablecoin on the TRON blockchain, is versatile and offers many opportunities that tap into the benefits of blockchain technology.
Means of Payment
Like traditional currencies, USDD can be used to purchase goods and services. Since it is a cryptocurrency, transactions get carried out quickly, securely, and transparently, with all transactions recorded on the blockchain.
Popular Trading Instrument
Whether on centralized or decentralized exchanges (CEXs or DEXs), you can trade USDD against other cryptocurrencies. Due to its peg to the US dollar, USDD provides a more stable option than many other cryptocurrencies that can be subject to significant price fluctuations.
Stake USDD to Earn Passive Income
Staking USDD lets users "freeze" or hold their cryptocurrency in a dedicated staking pool such as KuCoin Earn to receive rewards. On the TRON platform, smart contracts allow users to participate in staking pools, providing another opportunity to generate income from their USDD holdings.
Store of Value
USDD can be a safe haven during economic uncertainty or high volatility, like gold or other precious metals in the traditional financial world. Since the value of USDD is pegged to the US dollar, it offers a more stable option than many other cryptocurrencies.
What Are USDD Tokenomics?
USDD has a fixed exchange rate of 1:1 with the US Dollar. For every USDD in circulation, an equivalent amount in US dollars is held in reserve.
USDD worth 2 billion dollars has been authorized, while coins worth 1.25 billion dollars have been authorized but not yet issued. As of June 2023, the total supply of USDD is around 741K, and the total coverage is about 1.2 billion dollars.
Can You Stake USDD Token?
To stake USDD, you can participate in staking pools based on smart contracts on the TRON platform. These allow for fast, secure participation and transparent, verifiable USDD issuance and redemption records.
Who Are USDD Stablecoin’s Partners?
The partners of USDD are the various cryptocurrencies that serve as collateral, including Bitcoin, Ethereum, and TRON. In addition, the TRON DAO Reserve (TDR) is the main administrator of USDD and is responsible for maintaining the currency’s value and a stable exchange rate.
What is the all-time high price of Decentralized USD (USDD)?
The all-time high price of Decentralized USD (USDD) is $1.0300. The current price of USDD is down 0.03% from its all-time high.
What is the all-time low price of Decentralized USD (USDD)?
The all-time low price of Decentralized USD (USDD) is $0.9254. The current price of USDD is up 0.08% from its all-time low.
How much Decentralized USD (USDD) is there in circulation?
As of 10 4, 2024, there is currently 735,930,409 USDD in circulation. USDD has a maximum supply of --.
What is the market cap of Decentralized USD (USDD)?
The current market cap of USDD is $735.5M. It is calculated by multiplying the current supply of USDD by its real-time market price of $735.5M.
How do I store Decentralized USD (USDD)?
You can securely store your Decentralized USD in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your USDD include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Tether (USDT) to cash?
You can instantly exchange your Tether (USDT) for cash using KuCoin's Fast Trade feature. This feature enables you to convert USDT to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
Fear & Greed Index
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Neutral46
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2024-10-05 00:48:56 (UTC+8)
24h Volume1,484,234,726USDT