USDD (USDD) Achieves Self Reported Market Cap of $741.35 Million

USDD (USDD) traded 0.1% lower against the U.S. dollar during the one day period ending at 12:00 PM E.T. on January 29th. One USDD token can now be purchased for $1.00 or 0.00000977 BTC on popular cryptocurrency exchanges. USDD has a total market capitalization of $741.35 million and $3.29 million worth of USDD was traded on exchanges in the last day. Over the last week, USDD has traded down 0.2% against the U.S. dollar.

Here is how related cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded down 0.7% against the dollar and now trades at $101,654.48 or 0.99777986 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded down 0.4% against the dollar and now trades at $101,527.20 or 0.99653055 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

USDD Profile

USDD was first traded on May 4th, 2022. USDD’s total supply is 744,992,080 tokens. USDD’s official website is usdd.io. USDD’s official Twitter account is @usddio and its Facebook page is accessible here.

According to CryptoCompare, “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. The cryptocurrency’s stability and security are ensured by over-collateralization with major digital assets like BTC, USDT, and TRX, with a collateral ratio always above 120% of the circulating USDD, adjusted responsively according to market conditions. Founded by H.E. Justin Sun in 2017, TRON DAO created USDD as a tool to increase transaction scale and hedge against the price volatility of cryptocurrencies, thereby promoting its use in both blockchain and real-world economies.”

Buying and Selling USDD

It is usually not possible to buy alternative cryptocurrencies such as USDD directly using U.S. dollars. Investors seeking to trade USDD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy USDD using one of the aforementioned exchanges.

USDD/USD price chart by TradingView