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USDD

USDD priceUSDD

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Quote currency:
USD
USDD
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USD
1 USDD = 0.9966 USD
Last updated 2024-05-27 03:57:38(UTC-0)
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USDD price live data summary

The live price of USDD is $0.9966 per (USDD / USD) today with a current market cap of $729.33M USD. The 24-hour trading volume is $5.13M USD. USDD to USD price is updated in real time. USDD is -0.13% in the last 24 hours. It has a circulating supply of 731,796,350 .

What is the highest price of USDD?

USDD has an all-time high (ATH) of $1.03, recorded on 2022-05-04.

What is the lowest price of USDD?

USDD has an all-time low (ATL) of $0.9254, recorded on 2023-03-11.

USDD price prediction

Set your prediction

When is a good time to buy USDD? Should I buy or sell now?

When deciding whether to buy or sell USDD, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget USDD technical analysis can provide you with a reference for trading.
According to the USDD 4h technical analysis, the trading signal is Sell.
According to the USDD 1d technical analysis, the trading signal is Buy.
According to the USDD 1w technical analysis, the trading signal is Strong buy.

What will the price of USDD be in 2025?

Based on USDD's historical price performance prediction model, the price of USDD is projected to reach $1.59 in 2025.

What will the price of USDD be in 2030?

In 2030, the USDD price is expected to rise by -17.00%. By the end of 2030, the USDD price is projected to reach $1.83, with a cumulative ROI of +84.11%.
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USDD price performance in USD

24h7d30d90d1yAll-time
-0.13%+0.52%+1.65%-0.12%-0.04%--
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USDD price history in USD

TimeLowHigh
24h$0.9948$1
7d$0.9925$1
30d$0.9658$1
90d$0.9658$1
1y$0.9287$1.01
All-time$0.9254(2023-03-11, 1 years ago )$1.03(2022-05-04, 2 years ago )
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USDD market information

Market cap
$729,330,420.59
-0.13%
Fully diluted market cap
$729,330,420.59
-0.13%
Volume (24h)
$5,131,401.66
+27.26%
Market rankings
Circulation rate
+99.00%
24h volume / market cap
0.007
Circulating supply
731,796,350 USDD
Total supply / Max supply
731,796,354.55 USDD
-- USDD
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USDD ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

USDD Social Data

In the last 24 hours, the social media sentiment score for USDD was 4, and the social media sentiment towards USDD price trend was Bullish. The overall USDD social media score was 18, which ranks 714 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with USDD being mentioned with a frequency ratio of 0%, ranking 637 among all cryptocurrencies.

In the last 24 hours, there were a total of 82 unique users discussing USDD, with a total of USDD mentions of 18. However, compared to the previous 24-hour period, the number of unique users decrease by 19%, and the total number of mentions has decrease by 47%.

On Twitter, there were a total of 1 tweets mentioning USDD in the last 24 hours. Among them, 100% are bullish on USDD, 0% are bearish on USDD, and 0% are neutral on USDD.

On Reddit, there were 0 posts mentioning USDD in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .

All social overview

Average sentiment(24h)
4
Social score(24h)
18(#714)
Social contributors(24h)
82
-19%
Social mentions(24h)
18(#637)
-47%
Social dominance(24h)
0%
Twitter
Tweets(24h)
1
0%
Twitter sentiment(24h)
Bullish
100%
Neutral
0%
Bearish
0%
Reddit
Reddit score(24h)
0
Reddit posts(24h)
0
0%
Reddit comments(24h)
0
0%

About USDD(USDD)

What Is USDD?

Decentralized USD, or USDD, has gained popularity among cryptocurrency enthusiasts and investors as an alternative stablecoin. Unlike some stablecoins backed by fiat reserves in traditional banks, USDD is an overcollateralized stablecoin issued and managed by The TRON DAO (Decentralized Autonomous Organization). By leveraging blockchain">blockchain technology, it provides transparency and security that traditional banking systems can't offer. As a USD-pegged stablecoin, USDD is designed to closely track the value of the US dollar, allowing users to exchange it for fiat currency at a rate close to 1:1. Due to its decentralized nature, USDD is available on major blockchains such as BSC, Ethereum, and TRON.

USDD operates by using digital assets like BTC, USDT, USDC, and TRX as collateral. This collateral ensures the stability of USDD even amidst market volatility. A key feature of USDD is its overcollateralization, with a minimum collateral ratio set at 120%. For every USDD issued, assets in reserve must be worth at least 120% of the value of the issued USDD, providing additional stability to the value of USDD.

Resources

Whitepapers: https://usdd.network/USDD-en.pdf

Official Website: https://usdd.io/

How Does USDD Work?

USDD's operation is based on a simple principle: every USDD issued requires a certain amount of digital assets as collateral held in reserve. This gives USDD its value and stability. The reserve assets are managed by the TRON DAO, which handles the issuance, redemption, and management of USDD. By being backed by a diverse set of digital assets, USDD can remain stable even when any particular asset's price fluctuates.

As of August 2023, the USDD system has proven its stability and effectiveness. According to the TRON DAO Reserve's website, there are currently 725.3 million USDD in circulation, backed by an impressive $1.25 billion in assets. This equates to a collateral ratio of 170%, significantly higher than the required 120% minimum, giving USDD holders confidence in the stablecoin's ability to maintain its value even in volatile markets.

What Is USDD Token?

USDD tokens can be sent, received, and stored in digital wallets. However, unlike most cryptocurrencies, USDD tokens are backed by real assets held in reserve. When users wish to redeem their USDD tokens for fiat currency, they can return the tokens to the TRON DAO, which will release the corresponding assets from the reserve. Due to the always overcollateralized reserve, users can be confident in the value and stability of their USDD tokens.

USDD's Impact on Finance

USDD's overcollateralization and decentralized nature offer several advantages over traditional stablecoins and banking systems. It can mitigate the risk of currency devaluation, bank insolvency, and other issues affecting traditional fiat-backed stablecoins. USDD also provides a level of transparency, security, and efficiency that traditional banking systems find hard to match. With its growing popularity and expanding user base, USDD is set to have a substantial impact on the finance world by providing a stable, transparent, and decentralized alternative to traditional fiat-backed stablecoins and banking systems.

What Determines USDD's Price

In the constantly evolving world of cryptocurrencies, the USDD stablecoin is fast becoming a beacon of stability, signaling a potential revolution in the stablecoin sector. Governed by the TRON DAO Reserve, USDD, also known as Decentralized USD, maintains a reliable 1:1 peg with the USD. This assurance is backed by a diversified portfolio of crypto assets, including stalwarts like BTC and TRX.

Introduced by renowned crypto entrepreneur Justin Sun, USDD promises fast and borderless transactions, devoid of the typical price fluctuations seen in the broader crypto market. As it stands, it proudly holds the position as the seventh stablecoin by market cap, which is a testament to its growing influence in the crypto space. Those keeping tabs on the USDD price today would be keen to note its stability mechanisms.

USDD's value hinges on a series of innovative mechanisms, diligently designed to foster trust among investors while maintaining stability. At the core of its resilience is the over-collateralization strategy, which ensures that the assets backing USDD account for over 200% of its circulating value. This strategy prevents any potential de-pegging from the USD, securing a stable USDD to USD conversion rate. Individuals interested in deep USDD price analysis will observe the active role of 27 Super Representatives who mitigate high volatility impacts, adding a democratic touch to the stablecoin's stability protocol.

Analyzing the USDD price chart reveals lucrative mining opportunities with promising returns, potentially up to 30% APR on designated platforms such as SunSwap and Poloniex. Supervised by the TRON DAO Reserve, this initiative aims to sustain a stable interest rate, positioning USDD investment as a potentially rewarding venture. The current USDD price showcases remarkable stability, oscillating between $0.97 and $1.00. As of September 13, 2023, the USDD USD price stands at a solid $0.9985, accompanied by a robust circulating supply of 725,768,259 USDD, denoting a strong market presence.

If you're planning to buy USDD, a selection of reputable exchange platforms, including Bitget, facilitates easy access to this promising stablecoin. As you embark on your USDD investment journey, staying abreast of the latest USDD news and market trends is paramount. With its pioneering mechanisms and diversified crypto asset backing, the USDD stablecoin price is expected to maintain a steady upward trajectory, providing a safe harbor in the volatile crypto market. Keep an eye on the evolving USDD price forecast and regularly consult the USDD price graph to capitalize on investment opportunities in the booming world of cryptocurrencies.

How to buy USDD (USDD)

Buying USDD on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy USDD (USDD) .

Trade USDD perpetual futures

After having successfully signed up on Bitget and purchased USDT or USDD tokens, you can start trading derivatives, including USDD futures and margin trading to increase your income.

The current price of USDD is $0.9966, with a 24h price change of -0.13%. Traders can profit by either going long or short onUSDD futures.

Join USDD copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or USDD tokens, you can also start copy trading by following elite traders.

People are also inquiring about the price of USDD.

What is the current price of USDD?

We update our USDD to USD price in real time. Get the live Price of USDD on Bitget.

What is the 24 hour trading volume of USDD?

Over the last 24 hours, the trading volume of USDD is $5.13M.

What is the all-time high of USDD?

The all-time high of USDD is $1.03. This all-time high is highest price for USDD since it was launched.

Can I buy USDD on Bitget?

Yes, USDD is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Decentralized USD guide.

Can I get a steady income from investing in USDD?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy USDD with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is USDD precisely?

USDD, anchored to the US Dollar, is a renowned stablecoin crafted by TRON DAO Reserve. This decentralized cryptocurrency serves as a trustworthy option for blockchain activities, from payments and trading to staking and value preservation. The foundation of USDD's stability lies in its backing by leading cryptocurrencies such as Bitcoin, Ethereum, and TRON. Ensuring heightened security, its reserve is intentionally over-collateralized, possessing assets that surpass the current USDD circulation. Spearheaded by Justin Sun, the mastermind behind TRON, USDD was unveiled on May 5, 2022. Primarily running on the TRON blockchain, it also finds compatibility with Ethereum and BNB Chain.

What determines the value of USDD?

Factors that can influence USDD's price encompass its robust pegging to the US Dollar and enhanced security due to over-collateralization. The utilization of smart contracts for both issuance and redemption instills greater transparency, fostering trust in the ecosystem. Additionally, the proactive engagement of the community in USDD's governance and progression further solidifies the project's foundation, potentially amplifying its market stance.

What is the difference between USDD and USDC?

Fiat-collateralized stablecoins like USDT and USDC are backed by real US dollars held in reserve accounts. Other prominent stablecoins in this category include USDP, BUSD, GUSD, and EURS. Contrarily, USDD stands out as an algorithmic stablecoin, which operates without underlying collateral. When exploring stablecoin options, understanding their backing mechanism is crucial for informed decision-making.

What are USDD Tokenomics?

USDD, pegged at a 1:1 ratio with the US Dollar, guarantees that for every circulating USDD, there's a corresponding dollar in reserve. With an authorized cap of 2 billion dollars, USDD has currently issued coins valued at 1.25 billion dollars, though they remain unissued. As of June 2023, the USDD supply stands at approximately 741K, backed by a robust reserve of nearly 1.2 billion dollars.

Can I stake USDD Token?

To stake USDD, you can participate in staking pools based on smart contracts on the TRON platform. These allow for fast, secure participation and transparent, verifiable USDD issuance and redemption records.

Who else is involved in USDD?

USDD is supported by significant cryptocurrencies like Bitcoin, Ethereum, and TRON, acting as collateral. Spearheaded by the TRON DAO Reserve (TDR), they play a pivotal role in upholding USDD's value and ensuring its exchange rate remains stable.
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Cryptocurrency investments, including buying USDD online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy USDD, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your USDD purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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USDD is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support USDD trades.
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