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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.
Currently 33% of users are positive about USDD.
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