What Is USDD and How Does the Algorithmic Stablecoin Work?

The USDD stablecoin is directly managed by TRON DAO and is set to be pegged to the U.S. dollar at a 1:1 ratio, which means that the value of this digital currency is tied to the value of the U.S. dollar. If you've invested in Terra's UST before, the USDD stablecoin functions almost just like the Terra UST. Both of these are algorithmic stablecoins.

🔥 Ready to start trading? Sign up for KuCoin and get 20% off Trading fees

Trade USDD To Share $100,000!

Time Stamp
00:00 Intro
00:45 What is USDD
02:01 Facts on USDD
05:56 Justin Sun's solution
07:35 Reserve
09:20 Closing thoughts

Links mentioned in the video

Disclaimer:

The content mentioned in this video is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.

[aarsethdiane]

It's nice to see the experienced persons in passive income share their experience and knowledge.

[yonom]

It is very helpful to understand what USDD is and how it works. thank you so much and Kucoin always care about the community. Good job!!!!

[muhammadmahdi]

Thanks Kucoin for supporting customers with valuable Information 💙

[mmnegan]

Always love to watch and learn from you guy’s. And you guy’s are doing awesome job by sharing knowledge keep it up

[jimmyscott]

Absolutely correct had same view for USDD, Hope this video saves many from getting involved in it!

[rayofnene]

Thank you Kucoin for this informative post on USDD.

[harshitharshit]

Very energetic man well and professional explained sir ☺️

[mehsanulmonib]

I agree with you. I hope investors will never see another crash like terra.

[MUHAMMADSHAHID-vikj]

Thanks KuCoin for this informative video on usdd analysis/ knowledge doing really great work for the user to keep updated us .


Thanks 🙏 👍

[ahmetcice]

Great professional promising project thanks kucoin

[cryptod]

Great professional promising project. The project was executed in a very manner and had a clear development plan. Without a doubt, this is one of the best projects out there, success always.

[kingrebellion]

Because Tron recently boasted that USDD is now over collateralized by 200% in an attempt to fortify its dollar peg. However, critics were quick to note that USDD’s approach is quite similar to what Terra did with UST.

[christhorpetexas]

I used Kucoin earn for usdd 14 day offer for about 30%, tested with about $50, earned a few cents interest but over the 2 weeks usdd had lost about 30% in value, so to trade it in I lost about $20, lesson learned.

[nhanho]

USD Digital (USDD) officially made its debut on May 5, 2022, as a stablecoin on Tron, BNB Chain, and Ethereum blockchains. It is pegged to the U.S. dollar in a 1:1 ratio, meaning that USDD maintains its value at a fixed exchange rate to the U.S.
They’re called algorithmic because these assets use an algorithm underneath to issue more coins when the price increases and purchase them off the market when the price drops. The idea here is to prevent depegging by regulating the supply-demand ratio.

[LifehacksMahbub]

Yes...The recent, massive market volatility, however, is something special, linked directly to the troubles of TerraUSD (UST). This once-popular stablecoin has imploded in a matter of days, losing 95% of its market cap

[xuanky]

Yes
Because the $USDD stablecoin is directly managed by the TRON DAO and is set to be pegged to the US dollar at a 1:1 ratio, which means its value is pegged to the value of us dollar

[陈志-cs]

See please reply, thank you. Please tell me the top ten trading rankings. Where can I see the t+1 announcement, but I can't find it. thank you.