USDD
USDD Price
USD Digital (USDD), launched in 2022 by TRON founder Justin Sun, is an algorithmic stablecoin designed to maintain a constant 1:1 ratio with the US dollar. More
| Fully Diluted Valuation | $540.42M |
|---|---|
| 24H Trading Volume | $17.38M |
| 24H Low / High | $1.00 / $ 1.00 |
| Circulating Supply | 540.48 M |
| Total Supply | 540.48 M |
| Max Supply | 0.00 |
| Categories | Stablecoins 10 more |
|---|---|
| Founder | Justin Sun |
| Website | usdd.io Whitepaper |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 6 more |
| Explorer | Arbiscan 8 more |
| Contracts |
0x3d7....b6555
6 more
|
| Name | Pair | OG Score |
|---|
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.
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.
Justin Sun, the founder of TRON, pioneered USDD, showcasing his visionary approach to decentralized stability within the cryptocurrency landscape.
USDD is developed and supported by the TRON DAO Reserve, a community-driven body overseeing its management and development through decentralized decision-making.
You can buy USDD (USDD) on Bybit, Kraken, MEXC, Gate.ioHTX cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like USDD USDD. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of USDD (USDD) is ($540,476,451), max supply of USDD USDD is ($0) and the market cap of USDD USDD is ($540,417,011).
What is the USDD (USDD) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of USDD (USDD) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether USDD (USDD) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (USDD USDD) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does USDD (USDD) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether USDD (USDD) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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