USDD
USDD
Crypto
Stablecoin
USD 1.00+0.04%
USDD
UMushroom community rating:
About
Stablecoin
Categoryn/a
Consensus MechanismL2
L1/L2Asset backed
Sub-cateegoryethereum
Ecosystem2022
Year of creation
Description
USDD (USDD) is a Stablecoin crypto token. USDD was founded on 2022-05-04 on the ETHEREUM ecosystem. More information can be found at https://usdd.io/.
Key Technical Advantages:
Currency Peg: USDD is pegged to the USD to establish a stable, decentralized, and tamper-proof USDD-USD system, which enables it to be used for electronic payments and bridge the gap between digital assets and practical applications. Over-Collateralization: USDD is secured by over-collateralization using various mainstream cryptocurrencies like BTC, USDT, and TRX, ensuring its stability and security. The minimum collateral ratio is set at 120%, with responsive monetary policy mechanisms that dynamically adjust the ratio to maintain stability based on market conditions. TRON DAO Reserve: The TRON DAO Reserve, a decentralized central bank, is responsible for regulating interest rates, liquidity, exchange rate stability, and implementing monetary policy for USDD. It also maintains the entire blockchain industry's financial market stability and controls systemic risks. Achieving Price Stability: The stability of USDD is maintained by the TRON DAO Reserve's adoption of various monetary policies such as setting interest rates, open market operations, and window guidance based on market conditions and relying on the TRON DAO Reserve assets. Issuance of USDD: USDD is initially issued by the TRON DAO Reserve and its shareholder whitelist institutions. It can be issued through two methods: TDR and members staking TRX to issue USDD, and the PSM mechanism that allows users to exchange other stablecoins to USDD at a fixed exchange rate of 1:1. Content summarized by AI chatbotSource:
https://usdd.network/USDD-en.pdfKey figures
1.06%1Y
%3Y
%5Y
Performance
0/ 01D
1/ 01M
1/ 01Y
Highs/ Lows
04.06.2024
USD 1.01
All Time High
98.64%
% of All Time High
-1.77%All Time
-1.77%1 year
Max drawdown
#120
Ranking by Market Cap
757.48 M
Market cap (USD)
0.00%
% of Market
203.685 B
Category Market Cap (USD)
0.37%
% of Category
760733770
Circulating Supply
760733770
Liquid Supply
100.00%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
2234952
Volume Traded
0.23%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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