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Rank #22USDDAlgorithmic
USDD
Pegged to
USD
Market Cap
$730.00M
24h Volume
$40.00M
Circulating Supply
730.00M USDD
Total Supply
730.00M USDD
Peg Target
USD
Collateral Type
Algorithmic
Issuer
TRON DAO Reserve
Launch Date
05-05-2022
About USDD
USDD is a decentralised algorithmic stablecoin issued by the TRON DAO Reserve. Launched in May 2022 after the UST collapse, USDD implements an overcollateralised model backed by crypto reserves including BTC, USDT, USDC, and TRX. The TRON DAO Reserve manages a portfolio of assets exceeding the total USDD supply, maintaining a collateral ratio above 200%. USDD is primarily used within the TRON ecosystem for DeFi, trading, and payments. It aims to provide a stable dollar-denominated asset for the TRON network's large user base.
Pros
- Overcollateralised reserve model
- Transparent on-chain reserves
- Large TRON ecosystem user base
- Backed by diversified crypto portfolio
Cons
- Centralised TRON DAO Reserve management
- TRON ecosystem concentration
- Post-UST algorithm skepticism
- Limited DeFi usage outside TRON
Key Features
TRON DAO Reserve backing
200%+ overcollateralisation ratio
Multi-asset reserve (BTC, TRX, USDT, USDC)
Peg Stability Module (PSM)
Burns TRX to mint USDD
TRON ecosystem integration
Stablecoin Information
Category
AlgorithmicCollateral Type
AlgorithmicIssuer
TRON DAO Reserve