1
USDD
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USD
1h | 24h | 7d | 30d | 60d | 90d |
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-0.01% | 0.05% | 0.08% | -0.02% | 0.14% | -0.07% |
1h | 24h | 7d | 30d | 60d | 90d |
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-0.01% | 0.05% | 0.08% | -0.02% | 0.14% | -0.07% |
1
USDD
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USD
4
0
2
Price has increased by 1.36% in the last 1 year.
USDD is currently trading 0.16% above the 200-Day SMA which is $1.00.
The 14-Day Relative Strength Index (RSI) is at 48.98 which indicates that the cryptocurrency is currently NEUTRAL and may trade sideways.
The number of green days in the last 30 days is 17 which is 57%.
The circulating supply has yet to be published.
Has high liquidity with 0.00434 volume to market cap ratio. The current market cap is $743.87M while the 24-hour volume is $3.23M
Year | Q1 | Q2 | Q3 | Q4 | Total |
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USDD comes under the list of new-arrival cryptos. Hence, there is no Quarterly Return exist. |
The TRON DAO Reserve issues the USDD stablecoin. It is dollar-pegged to facilitate trustworthy, decentralized blockchain transactions and aspires to provide such a coin. Payments, trading, staking, and storing value are all possible with USDD. Multiple cryptocurrencies, such as Bitcoin, Ethereum, and TRON, support this digital currency. There is an over-collateralization of the reserve. It retains more assets than the quantity of coins now in circulation. This helps to maintain stability and security.
This article presents an in-depth look at this virtual money. The components will be carefully researched and reviewed. This assessment of USDD will be completely impartial and factual. If you have considered acquiring this digital currency, these details should help you figure out what you want.
Justin Sun established TRON. It is the organization that provides the USDD stablecoin. It was launched on May 5, 2022. You may get your hands on USDD on the TRON blockchain as well as Ethereum and BNB Chain.
The one thing that makes USDD stand out is its unique set of characteristics. These qualities are listed below:
USDD may be created and exchanged through the use of smart contracts on TRON. The issue and redemption of this coin may be tracked in a transparent and verifiable manner, and transactions can be processed quickly and securely. Transactions can be processed quickly and securely. Moreover, it enables users to participate in stake pools.
An autonomous network of stakeholders oversees the administration and growth of USDD. This community makes choices on behalf of the larger community via the TRON DAO Reserve (TDR). The TDR, or Treasury Department of the United States, is the primary guardian of the US dollar and has the duty of safeguarding its worth and ensuring a steady rate of exchange.
It was created as an independent financial institution to safeguard the Tron ecosystem from the negative impacts of prolonged economic downturns, financial crises, and volatile exchange rates for both centralized and decentralized Tron stable currency.
Its principal functions include acting as the possible lender, controlling risk-free interest rates, managing liquidity via the release and restriction of funds, and executing policies related to money and currency exchange rates.
Sticking to the fundamental concept of cryptocurrencies, decentralization is one of USDD's standout features. Consistent with the spirit of blockchain technology, it functions in a decentralized manner which means that it does not require banks or financial institutions. This in turn decreases the charges.
Another major bonus is USDD's practice of over-collateralization. It reduces the possibility of de-pegging and gives consumers peace of mind by making sure the overall collateral value is far higher than the stablecoin's circulation.
When compared to the United States dollar, the USDD stablecoin is designed to have a constant exchange rate of 1:1. The implication of this is that an equivalent number of US$ is kept away in reserve for each and every USDD coin that is in circulation.
USDD worth $2 billion has already been approved, with another $1.25 billion worth of coins that have not been released yet.
There are around $741,000,000,000 USDD in circulation as of June 2023, with a total collateral value of about $1.2 billion. The majority of these are held in TRX, BTC, and TUSD funds.
The reliability of the underlying assets is crucial to the safety of any stablecoin. As a result, the USDD protocol over-collateralized itself with very liquid assets, such as Bitcoin, TUSD, and TRX.
As a means of maintaining the stability of the currency in the face of fluctuations in the values of its reserve assets brought about by unfavorable market circumstances, the protocol's monetary policy enables it to make dynamic adjustments to the ratios of reserve assets.
USDD is an essential component in the field of decentralized finance (DeFi). The USD currency pair is a popular option for traders because of its consistency and dependability. It may be used as a safe trading pair to protect against the volatility of the market or to quickly switch between other assets. As a solid asset that can be used for lending, borrowing, yield farming, and providing liquidity.
In addition to its role as a store of wealth, the United States Dollar (USD) is an effective means of exchange that makes international transactions easier to complete. The fact that certain retailers and online platforms accept USDD as a means of payment is another factor that contributes to its growing usability in applications that are used in the real world.
There are a number of cryptocurrency exchanges, such as KuCoin, PancakeSwap (V2), Uniswap (V3), SushiSwap, Gate.io, Poloniex, Huobi, and Bybit. All of these exchanges offer USDD alongside other cryptocurrencies.
Its future seems bright as long as USDD keeps becoming the top overcollateralized stablecoin. Its strong algorithmic stability and decentralized nature are likely to boost its appeal and usefulness in the DeFi ecosystem. The market value and number of use-cases for USDD are expected to grow as the cryptocurrency field develops, solidifying its position as a key player in the industry.
Conclusion
This article describes each component of this digital coin. Some details may have slipped our minds despite our best attempts. Therefore, Investing your money in the realm of digital currencies should be done after consulting a highly skilled cryptocurrency expert or after doing a lot of research.
The current price of the USDD(USDD) is $1.00, with a current market cap $743,866,844.82.
USDD is a ticker symbol of the USDD.
At the movement,745.02M USDD tokens are already in the market out of 745.02M USDD.
There are many options for buying crypto, and USDD can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy USDD. It's a quick, easy, and secure way to buy USDD(USDD).
Yes,It is a stablecoin.
USDD had an all-time low of $0.93.
USDD had an all-time high of $1.03.
By exchanging USDD against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, USDD can be earned or received in various ways. USDD considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the USDD, including USDD to PHP, USDD to INR, USDD to NGN, USDD to THB, USDD to CAD, USDD to PKR, USDD to IDR , USDD to EUR , USDD to AUD , USDD to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 USDD is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like USDD to BTC, USDD to SUI, USDD to NEIRO, USDD to SOL, USDD to HMSTR, USDD to PEPE, USDD to UNI, USDD to ETH, USDD to DOGS, USDD to TAO .
USDD price today is $1.00 USD, which is Up by 0.05% over the last 24 hours. There has been an hourly Dip by -0.01%. USDD's market cap currently sits at $743,866,844.82 USD, holding up for a market cap rank at #88. The volume were at $3,230,606.73 USD USDD ranks no 88 in the market capitalization of USDD is at $743,866,844.82 and its volume for 24 hours is $3,230,606.73. USDD are under circulation, with total supply of 745.02M and the Maximum supply of 0.
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USDD Price | $1.00 |
Percentage Change ( 24h ) | ▲0.05% $0.00273 |
24h High / Low | $1.00 / $1.00 |
Trading Volume 24h | $3,230,606.73 |
Volume / Market Cap | 0.00434 |
Market Dominance | 0.03% |
Market Rank | 88 |
Market Cap | $743,866,844.82 |
Fully Diluted Market Cap | $743,866,844.82 |
All Time High | $1.03 ▼3.23% |
All Time Low | $0.93 ▲8.06% |
Circulating Supply | 745,019,707 USDD |
Total Supply | 745,019,707 USDD |
Max Supply | - |