USDD: Expanding Cryptocurrency Accessibility Through An Over-Collateralized Stablecoin Protocol
What is the USDD Protocol and what does USDD offer?
USDD aims to grant financial accessibility to all through its decentralized stablecoin protocol. The USDD native token, the decentralized USD under the token name USDD, is a cryptocurrency issued by the TRON DAO Reserve with a stable price and diverse use cases. The USDD is secured by the over-collateralization of multiple mainstream digital assets and can complement fiat currencies and cryptocurrencies as a means of transaction and store of value.
Presently, cryptocurrencies like Bitcoin have limited use and are not widely accepted as a settlement currency because of their high price volatility. USDD provides users with a decentralized currency that will expand use cases for cryptocurrency, making it truly accessible with far-reaching implications for both the blockchain space and the entire crypto economy.
The TRON DAO Reserve is the custodian of USDD and guarantees its price stability. Through the TRON DAO Reserve, USDD can resolve short-term price fluctuations and cyclical price risks with responsible monetary policy and management mechanisms. Pegged to the USD to establish a stable, decentralized, and tamper-proof USDD-USD system, the USDD can bridge the gap between digital assets and their practical implications and can be used by consumers as a stable digital currency for electronic payments.
USDD Token Overview
Token name: USDD
Total supply: 725,332,037.298678
Total circulation: 725,332,037.298678
Coinstore.com Listed
Trading pair: USDD/USDT
Trade time: 02 December 18:00, 2022 (SGT)
Withdrawal time: 02 December 18:00, 2022 (SGT)
Trade USDD/USDT here: https://www.coinstore.com/#/spot/USDDUSDT
What are the utilities of the USDD token?
● The USDD is a stablecoin that expands the uses of the typical cryptocurrency. The USDD protocol is a decentralized stablecoin protocol secured by the over-collateralization of multiple mainstream digital assets, which complements existing fiat currencies and cryptocurrencies as a means of transaction and storing value. It is the core of the entire USDD ecosystem.
● As a stablecoin, the USDD can be used as currency to make electronic payments.
● The USDD is pegged to the USD and can be traded at almost equal value at any time.
● The USDD stablecoin can also be traded with other cryptocurrencies and can be utilized for purchasing NFTs and other digital assets.
Stabilization of the USDD
As part of the TRON network, the TRON DAO Reserve’s function is to regulate the risk-free interest rate of stablecoins in TRON and other blockchain networks, regulate the market by releasing and tightening liquidity, protect the exchange rate stability of the centralized and decentralized stablecoins in TRON and other blockchain networks, formulate and implement monetary policy, exchange rate policy, assume the responsibility of the lender of last resort; keep and issue financial reserve assets from TRON, other blockchain networks, and financial institutions; and maintain the entire blockchain industry financial market stability and control the systemic risks of blockchain finance.
With the TRON DAO Reserve entirely entrusted with the issuance and reserve management of the USDD openly and transparently, the USDD can stabilize its price to the pegged USD currency through the over-collateralization of TRON DAO assets (including other cryptocurrencies on a chain), setting interest rates, open market operations, window guidance, and minting-burning mechanisms.
USDD Tokenomics
The value of USDD invariably fluctuates over time, since its value is driven by demand and supply. The current value of USD also plays a role in USDD’s current value. When the value of USDD exceeds one U.S. dollar, more coins will be placed in the market to keep the price relatively stable.
USDD Official Media
Website | Twitter | Telegram | Discord
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