The live price of USDD is - per (USDD / USD) with a current market cap of $359.14M USD. 24-hour trading volume is - USD. USDD to USD price is updated in real-time. USDD is -% in the last 24 hours with a circulating supply of 359.16M.
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USDD is a cryptocurrency issued by the TRON DAO Reserve, featuring price stability and diverse use cases. It incorporates an intrinsic incentive mechanism and corresponding monetary policies that allow it to self-stabilize during price fluctuations, helping to solidify the value of the US dollar as a true settlement currency.
USD Digital (USDD) is a new type of algorithmic stablecoin launched by TRON founder and CEO Justin Sun on May 5, 2022. USDD aims to maintain a 1:1 exchange rate with the US dollar (or at least stay as close as possible). Initially, USDD was launched on BNB Chain, Ethereum, and TRON.
However, just four days after its launch, the collapse of Terra and UST occurred. Affected by this, on June 13, USDD depegged from the US dollar, dropping to $0.98, and further declined to a historic low of $0.93 on June 19. In response, Justin Sun announced an additional $2 billion deployment to further ensure the security of the algorithmic stablecoin. Reportedly, at the time of writing, the price of USDD is around $0.99.
Justin Sun also announced that USDD will soon become one of the settlement stablecoins on the Huobi platform.
There are several reasons why USDD might be worth investing in. First, USDD is a decentralized currency, not controlled by individuals or financial institutions, making it an alternative investment option to traditional fiat currencies. Second, its limited supply helps drive value appreciation. Additionally, as a global digital currency, it facilitates international transfers without intermediaries. If you are looking for an alternative to fiat or a decentralized investment option, USDD is a good choice. However, investing in USDD involves the complexities and volatility of digital assets. We strongly recommend conducting thorough research and understanding the potential risks before investing.
You can purchase USDD on cryptocurrency exchanges or through C2C (customer-to-customer) markets. After buying USDD, you need to store it securely in a cryptocurrency wallet. Crypto wallets are of two types: hot wallets (software-based, stored on your computer or mobile devices) and cold wallets (hardware-based, allowing offline storage).
Clearly, the founder of the USDD stablecoin is Justin Sun, the founder and CEO of TRON. Before launching USDD in May 2022, this entrepreneur in the fields of technology, cryptocurrency, and blockchain expressed his desire to innovate in the stablecoin sector.
USDD stands for USD Digital, indicating that it is a digital currency designed to be pegged to the US dollar.
The maximum supply of USDD tokens is still unknown. At the time of writing, its circulating supply is approximately 725.33 million tokens.
As an algorithmic stablecoin, USDD is designed to resist the volatility associated with most cryptocurrencies. In Part 1 of the four-part USDD plan released by TRON DAO, the TRON DAO Reserve and key blockchain institutions are responsible for managing USDD.
Although USDD has depegged from the US dollar multiple times since its launch, many experts agree that due to its more substantial liquidity support, it may avoid the fate of Terra and its algorithmic stablecoin UST. However, anyone looking to invest in crypto assets should always conduct thorough research before making any investment.
The USDD to other currencies exchange rate?
