USDD Hits Self Reported Market Capitalization of $742.03 Million (USDD)

USDD (USDD) traded down 0.1% against the U.S. dollar during the 1 day period ending at 22:00 PM E.T. on October 9th. One USDD token can now be purchased for $1.00 or 0.00001642 BTC on exchanges. In the last seven days, USDD has traded down 0.2% against the U.S. dollar. USDD has a total market cap of $742.03 million and approximately $4.01 million worth of USDD was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 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 down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded 4.2% lower against the dollar and now trades at $0.0495 or 0.00000082 BTC.
• P2P Solutions foundation (P2PS) traded down 2.7% against the dollar and now trades at $154.79 or 0.00254740 BTC.

About USDD

USDD was first traded on May 4th, 2022. USDD’s total supply is 743,808,107 tokens and its circulating supply is 743,808,106 tokens. USDD’s official Twitter account is @usddio and its Facebook page is accessible here. The official website for USDD is usdd.io.

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 purchase alternative cryptocurrencies such as USDD directly using U.S. dollars. Investors seeking to trade USDD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase USDD using one of the exchanges listed above.

USDD/USD price chart by TradingView