Market Data & Token Stats
| Fully Diluted Valuation | $1.38B |
|---|---|
| 24H Trading Volume | $99.08M |
| 24H Low / High | $1.00 / $1.00 |
| Circulating Supply | 1.38B |
| Total Supply | 1.38B |
| Max Supply | ∞ |
Key Project Information
| Categories | Stablecoins 7 more |
|---|---|
| Founder | Justin Sun |
| Website | usdd.io Whitepaper |
| Socials | |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Etherscan 5 more |
| Contracts |
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2 more
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
USDD (usdd) Expert User Reviews
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$usdd Markets
| Name | Pair | OG Score |
|---|
About USDD
USDD is an algorithmic stablecoin launched by the TRON DAO Reserve on May 5, 2022. Pioneered by Justin Sun, the founder of TRON, USDD is designed to be the epitome of stability, decentralization and perpetual existence.
Key Features:
1. Decentralized Stability
USDD takes pride in being a beacon of decentralization, aiming to break free from the influence of centralized entities. The TRON DAO Reserve, a community-driven body, oversees the management and development of USDD through the TRON DAO Reserve (TDR). This decentralized approach ensures transparency and community-driven decision-making.
2. Over-Collateralized Security
USDD's stability is anchored in over-collateralization, where multiple mainstream digital assets, including TRX, BTC and USDT, secure the stablecoin. The collateral ratio is set conservatively at 120%, ensuring that the total value of collateralized assets far exceeds the circulating supply of USDD, providing a robust foundation for stability.
3. Chain-Agnostic Circulation
Breaking the barriers of blockchain networks, USDD can circulate seamlessly across various mainstream networks. Cross-chain bridges facilitate the transfer of USDD, offering users a fast and cost-effective experience, akin to the efficiency of TRC20-USDT on the TRON network.
How USDD Works:
USDD operates on the principle of over-collateralization, maintaining a minimum collateralization ratio of 120%. The protocol dynamically adjusts this ratio based on market conditions and fluctuations in the value of reserve assets. All transactions, issuance and redemption of USDD are executed through smart contracts on the TRON blockchain, ensuring transparency and security.
The TRON DAO Reserve plays a pivotal role, acting as the custodian of USDD. Established as a separate financial organization, it safeguards the Tron ecosystem against economic downturns and financial volatility. Its functions include being a lender of last resort, regulating risk-free interest rates, managing liquidity and implementing monetary and exchange rate policies.
Total Supply and Security:
As of June 2023, the total supply of USDD stands at approximately $741K, with a total collateral value of around $1.2 billion. The collateral, consisting mainly of TRX, BTC and TUSD, forms a secure foundation for USDD's stability. The protocol's monetary policy allows for dynamic adjustments to the reserve asset ratios, ensuring resilience in the face of market challenges.
Conclusion:
USDD represents a significant stride towards a decentralized, stable cryptocurrency, offering users a reliable medium for transactions, trading, staking and storing value. With a visionary founder like Justin Sun at the helm and a robust infrastructure provided by the TRON DAO Reserve, USDD stands as a testament to the evolving landscape of blockchain innovation, promising a future where stability and decentralization coexist harmoniously.
What is unique about USDD (USDD)?
USDD distinguishes itself through decentralized stability, utilizing an over-collateralization approach with assets like TRX, BTC and USDT. Its chain-agnostic circulation and governance by the TRON DAO Reserve enhance transparency, ensuring a reliable and resilient stablecoin.
Who are the founders of USDD (USDD)?
Justin Sun, the founder of TRON, pioneered USDD, showcasing his visionary approach to decentralized stability within the cryptocurrency landscape.
Who are the backers/investors of USDD (USDD)?
USDD is developed and supported by the TRON DAO Reserve, a community-driven body overseeing its management and development through decentralized decision-making.
Where can I buy USDD (USDD)?
You can buy USDD (USDD) on Bybit, Gate.io, Kraken, MEXCKuCoin cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the USDD Official Website, USDD Whitepaper and USDD X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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