USDD is a cryptocurrency that is pegged to the US dollar, meaning that the value of one USDD is always equivalent to one US dollar. This is accomplished through a mechanism called "collateralization," in which USDD is backed by a reserve of US dollars held in a bank account or other financial instrument. This makes USDD a stablecoin, as its value remains relatively stable compared to other cryptocurrencies that experience significant price volatility.
USDD can be used for a variety of purposes, including trading, remittances, and payments. It offers users the benefits of cryptocurrency, such as fast and low-cost transactions, while avoiding the price fluctuations that can make other cryptocurrencies difficult to use for everyday transactions. USDD can be purchased on various cryptocurrency exchanges and can be stored in a cryptocurrency wallet like any other cryptocurrency.
USDD provides a stable and reliable alternative to traditional fiat currency, while also incorporating the benefits of blockchain technology and cryptocurrency.
With a total market cap of over $747 million, USDD is the No. 57 cryptocurrency by market size. The currency symbol for USDD is USDD. The total supply of USDD is 725 million coins.
The technical price analysis for USDD below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of USDD.
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USDD FAQs
QWhat was the highest price that USDD ever reached?
AThe highest price that USDD ever reached was $1.04 USD. This all time high price occured on 9 Nov 2022.
QWhat was the lowest price that USDD ever reached?
AThe lowest price that USDD ever reached was $0.92806 USD. This all time low price occured on 19 Jun 2022.
QIs USDD a stablecoin?
AYes USDD is a stablecoin which means that it's value is pegged to a fiat currency and should maintain a fairly constantly exchange rate with that currency.
QWhat ecosystem is USDD part of?
AUSDD is part of the Arbitrum Ecosytem ecosystem.
QIs it a good time to buy USDD?
AYou can check the technical indicators for USDD on the USDD Price Trend tab. These indicators are based on the analysis of multiple trading signals for USDD.
QWhere is the best place to buy USDD?
AYou can find the cheapest exchange on which to buy USDD on the USDD Buy tab.
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