USDD is a stablecoin issued by the TRON DAO Reserve. It’s 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 value store.

USDD is backed by a number of cryptocurrencies, including Bitcoin, Ethereum and TRON. To ensure stability and security, the reserve is over-collateralized, meaning that it holds more assets than the amount of USDD currently in circulation.

Justin Sun is the founder of the TRON, which is behind the USDD stablecoin. Launched on May 5, 2022, USDD is on the TRON blockchain and is also available on Ethereum and BNB Chain.

USDD is issued and redeemed via smart contracts on TRON. This allows for fast and secure transactions, as well as transparent and verifiable records of USDD issuance and redemption. It also lets users join staking pools.

A decentralized community of stakeholders oversees the management and development of USDD, and makes decisions on behalf of the wider community via the TRON DAO Reserve (TDR). The TDR is the principal custodian of USDD and is responsible for preserving the value of the currency and maintaining a stable exchange rate.

It was established as a separate financial organization to protect the Tron ecosystem against the effects of extended economic downturns, financial panic, and unstable exchange prices for both centralized and decentralized Tron stable currency.

Its primary roles are as a lender of last resort, a regulator of risk-free interest rates, a manager of liquidity through the release and restriction of funds, and an implementer of monetary and exchange rate policies.

USDD stablecoin is intended to maintain a fixed exchange rate of 1:1 with the US dollar. This implies that for every USDD coin in circulation, a corresponding amount of US dollars is set aside in reserve.

$2 billion worth of USDD has been authorized, while $1.25 billion worth of coins remain authorized but not yet issued.

As of June 2023, the total supply of USDD is around $741K, and the total collateral is around $1.2 billion. These are mainly held in TRX, BTC and TUSD.

Any stablecoin’s security relies heavily on the stability of the assets that underpin it. As such, the USDD protocol over-collateralizes the protocol with highly liquid assets, including BTC, TUSD and TRX.

In order to keep the currency stable when its reserve assets’ values change as a result of adverse market conditions, the protocol’s monetary policy allows it to adjust the reserve asset ratios dynamically.

USDD is listed on crypto exchanges, including KuCoin, PancakeSwap (V2), Uniswap (V3), SushiSwap, Gate.io, Poloniex, Huobi, Bybit and more.

The all-time high of USDD was 1.03 USD on 2022-05-05, from which the coin is now down 2.9126213592233037%. The all-time high price of USDD (USDD) is 1.03. The current price of USDD is down 2.9126213592233037% from its all-time high.

As of , there is currently 745.30M USDD in circulation. USDD has a maximum supply of 0.

The current market cap of USDD is 746.07M. It is calculated by multiplying the current supply of USDD by its real-time market price of 1.00.

The all-time low of USDD was 0.92543334 , from which the coin is now up 8.057485804434062%. The all-time low price of USDD (USDD) is 0.92543334. The current price of USDD is up 8.057485804434062% from its all-time low.

USDD (USDD) has a market capitalization of $746.07M and is ranked #167 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze USDD (USDD) price trends and patterns to find the best time to purchase USDD.