| General information | |
|---|---|
| Global rank: | 59 |
| Name: |
USDD |
| Symbol: | USDD |
| Current coin price (ETB): | 155.72 Br |
| Last hour: | arrow_downward-0.050 % |
| Last 24 hours: | arrow_downward-0.120 % |
| Last 7 days: | 0.020 %trending_up |
| Capitalisation (ETB): | 177 110 724 102.75 Br |
| Volume 24h (ETB): | 517 106 393.76 Br |
| Available supply: | 1 137 365 597.00 USDD |
| Total coin supply: | -1 USDD |
| Start date: | 2022-04-30 |
USDD/Ethiopian Birr (USDD/ETB) price chart
USDD/Ethiopian Birr (USDD/ETB) capitalisation and volume charts
USDD is a cryptocurrency issued by the TRON DAO Reserve, aiming to increase the currency's value and transaction scale. It's an over-collateralized decentralized stablecoin protocol, providing stability, security, and versatility in its applications. USDD is pegged to the US dollar, ensuring its steady value, which makes it useful for electronic payments and bridges the gap between digital and traditional assets.
The stability of USDD is guaranteed by over-collateralizing it with multiple mainstream digital assets like BTC, USDT, and TRX, managed by the TRON DAO Reserve. The collateral ratio is set to always exceed 120% of the USDD in circulation, and the responsive monetary policy mechanisms adjust the ratio to maintain stability based on changing market conditions.
USDD is a stablecoin issued by the TRON DAO Reserve, pegged to the US dollar to maintain steady value for electronic payments and to bridge the digital and traditional assets gap.
USDD is primarily used as a medium for transactions within the cryptocurrency sphere and beyond due to its stable value. It serves as a useful tool for hedging against price volatility commonly associated with other cryptocurrencies. Additionally, it can be used for electronic payments, demonstrating the practical applications of digital assets. Overall, USDD extends the usability of cryptocurrency, making it accessible with wider implications for both the blockchain space and the real-world economy.