Decentralised USD review details (USDD)



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The decentralised USD (USDD) is an algorithmic stablecoin on the multipurpose smart contract blockchain, TRON, with a 1:1 exchange rate with the US dollar. USSD is the most decentralised and over-collateralized stablecoin in the crypto market with a guaranteed minimum collateral ratio of 130% that exceed the 120% required by the popular stablecoin, DAI. Several mainstream assets including Bitcoin, USDT, and TRX contribute to its stability for users to exchange it in both centralised and decentralised platforms.
USDDUSDT
$0.99993
September 28, 2022, 3:36 am [UTC]

No rating available for new coins
Released on May 5, 2022, 6:00 pm
New Coin/Token Warning!
This is a new coin/token that has recently been released by its creators. Therefore there is often only very little information known about the founders and they have no history showing their intentions, which could be both good or bad. The risks related to buying this is extremely high. We never give any recommendations or advise on what you should buy or sell. All information on this page should be considered for education and informational purposes only. Never risk any money that you can not afford to loose. Speculating in crypto currencies is related to extremely high risks and is not suitable for everyone.

›› Buy/Sell the Decentralised USD here

 

The founder of the TRON network, Justin Sun, launched the decentralised USD token in collaboration with other blockchain industry leaders. The coin is a relatively new decentralised stablecoin and does not rely on centralised institutions but enables exchange in both centralised and decentralised platforms. It leverages utility in mathematics and algorithms to provide financial freedom to all users. It is not affected by market volatility with the USDD protocol maintaining its stability of 1:1 against the US dollar. Several mainstream digital assets, such as TRX, BTC, and USDT, provide over-collaterisation of the token to secure it with the current collateral ratio set at over 300% and a guaranteed minimum collateral ratio of 130% exceeding the 120% required for DAI. The Decentralised USD is chain agnostic circulating on TRON, Ethereum, BSC, and other networks via the cross-chain protocol BitTorrent Chain and similarly provides a fast and affordable experience on the network.

 

Briefly about Decentralised USD

Justin Sun launched the algorithmic stablecoin in April 2022 as a decentralised stablecoin whose value is guaranteed by the TRON DAO reserve. The reserve guarantees its price stability by over-collateralisation with several mainstream digital assets including TRX, BSC, and USDT with the collateral ratio set at a minimum of 130%. The stablecoin facilitates payments for transactions and gains on interest on a stake by resolving short-term price fluctuations and cyclical price risks with its responsive monetary policy and mintage mechanism by being pegged to the most widely applied fiat currency, USD. Still, Europeans might wonder when Decentralized EUR will go live? Meanwhile, EuroC and Tether EUR (EURT) are two of the most used European stablecoins.

Decentralized USD is an over-collateralized decentralized, algorithmic stablecoin.CryptoLists.com
 

USDD is a stablecoin that was launched in April 2022 by Justin Sun. Since its inception, USDD has been operating on TRON’s network. Unlike other stablecoins, USDD is decentralized. Its value is pegged to the USD fiat currency. The coin follows an elastic monetary policy to achieve its low volatility status. Whenever the decentralized USD’s value deviates upwards away from the pegged value, the set protocol expands the circulating supply of USDD by burning TRX and minting USDD. Upon increasing the supply with demand being held constant, its price gradually falls to the pegged value. On the other hand, when the value falls below the pegged price, the demand and supply forces come into play to correct the error. Investors will be enticed to burn their USDD and mint their TRX resulting in a contraction of USDD supply and increasing the price to the pegged value. The coin is over-collateralised by holding cryptocurrencies such as TRX, BTC, and other stablecoins in the TRON DAO reserve.

 

Utility of Decentralised USD?

The USSD stablecoin provides a sense of security to investors due to its low volatility. The Tron DAO reserve acts as the custodian of the coin and absorbs volatility by minting and or burning TRX to maintain stability. The token resolves short-term price fluctuations and cyclical price risks through its responsive monetary policy and mint mechanism. Decentralised USD provides a stable digital currency for electronic payments with its currency peg to the USD ensuring a stable decentralised system. Investors trading and swapping USDD gain utility from it whenever a high reward is attached to a staking opportunity. The rewards might be on the higher end of an APR of 60% or an APY of 30%.

Decentralised USD Price details

ERC20 Contract address: 0x0c10bf8fcb7bf5412187a595ab97a3609160b5c

 

Advantages at Decentralised USD

+ USDD is 300% over-collateralized by several wellknown assets such as BTC and TRX.
+ USDD circulates on several other networks via the cross-chain protocol BitTorrent Chain.
+ The Decentralized USD offers its users a low transaction cost.
+ The token is independent of any centralized regulations authority.
 

Disadvantages

- The USDD token lost its peg in June 2022 raising concerns to investors.
- There are observed similarities with UST with concerns over its crushing.
- USDD can face de-pegging if TRX experiences a further significant fall.
- A crush of the stablecoin may result in a crush of Tron (TRX).
 

Costs

▪ Rated at 10/10

The USDD has low costs whenever one makes a stablecoin swap. Super Representatives of its host's network receive an incentive from these fee incomes. There is a minimum spreading fee for each swap between USDD and TRX of 0.5%. There is an upcoming Tobin Tax to apply on the swap of decentralised USD with other stablecoins once more stablecoins are introduced. The Tobin tax is a fixed fee rate that depends on the stablecoin involved.

 

Reputation and Buzz

▪ Reputation rated at 8/10
▪ Buzz rated at 9/10

With the witnessed DE pegging of the USDD and news of the DOA reserve taking financing to purchase TRX in an attempt to stabilize USDD, investors can’t help but compare the stablecoin to UST. Investors have been comparing the two stablecoins since they seem to have identical paths. Several online forums speculate that further de-pegging of the stablecoin will lead to the collapse of the TRX, a situation similar to the crushing of the LUNA token. However, to avoid this outcome, Justin Sun has revealed that the stablecoin USDD has been over-collateralized by other stable assets, including USDT, Bitcoin, and TRX. Even though the value of USDD has kept stabilizing, investors are still skeptical about the volatility of the stablecoin and are still monitoring its patterns. Others wonder: when will regulation come for stablecoins?

 

FAQ

What is the current USDD supply in the market?

The current circulating supply of USDD stands at 745.3 M USDD.

What is the current collateral ratio of decentralised USD?

The current collateral ratio is over 300% with a guaranteed minimum of 130%

Which digital assets contributes to the over collateralised decentralised USD?

Multiple high liquidity digital assets secure the token, including: Tron (TRX), Bitcoin (BTC) and Tether (USDT).

›› Trade the Decentralised USD here›› Buy/Sell the Decentralised USD here

Screenshots from Decentralised USD

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More sites where to buy/sell/trade Decentralised USD

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
USDD, USDD/USDT
USDD/USDC, WIN/USDD, TRX/USDD, JST/USDD, SUN/USDD, NFT/USDD, BTT/USDD
USDD, USDD/USDT
USDD, USDD/USDT
USDD/USDC, WIN/USDD, TRX/USDD, JST/USDD, SUN/USDD, NFT/USDD, BTT/USDD
USDD, USDD/USDT
USDD/USDT, USDD/USDC, USDD/TRX
 

Decentralised USD details and tokenomics

Decentralised USD Ticker: USDD
ERC20 Contract address: 0x0c10bf8fcb7bf5412187a595ab97a3609160b5c
BSC Contract address: 0xd17479997f34dd9156deef8f95a52d81d265be9c
MATIC Contract address: 0xffa4d863c96e743a2e1513824ea006b8d0353c57
Type of crypto: tron-token
Circulating supply: 74,533,244
Max supply: 745,332,144
Resources & Social media
🔗Blockchain URL: https://etherscan.io
 

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