Last updated at 2022/10/04
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Decentralized USD, $USDD

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$787M
Market Cap 7d %
+8.57%
Market Cap 30d %
+8.46%
Volume 24h
$53M
Volume 7d
$626M
Mechanism
Governance
Decentralized
Issuer
TRON DAO Reserve
Jurisdiction
n.a.

USDD is a decentralized and algorithmic stablecoin in the TRON Ecosystem. It is pegged 1:1 to the USD through an algorithmic stability mechanism based on a mint-and-burn system with TRON's native cryptocurrency TRX. The main purpose of USDD is to boost TRON's defi ecosystem which offers a yield of 30% for USDD staker. The supply of USDD is planned to be backed by the TRON DAO Reserve with over $10bn of assets in BTC, USDT, USDC and TUSD.

Risks

  • Smart Contract Risk
  • Death Spiral under adversarial conditions (Bank run scenario)
  • Loss of all funds
  • Hyperinflation of price-floating coin

$USDD Newsticker

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