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What is USDD (USDD)?

USDD is an algorithmic stablecoin issued by the TRON DAO Reserve, launched on the Tron Network in May 2022. It maintains a 1:1 peg to the US dollar by utilizing a diverse mix of cryptocurrencies to ensure over-collateralization. Created to tackle volatility issues common in the crypto market, USDD claims to have 'perpetual existence and zero dependence on any centralized entity,' aiming to become the most decentralized currency. Its key features include price stability achieved through algorithms and a network of Super Representatives, who provide price oracles by voting on USDD's exchange rate. These validators are incentivized with transaction fee shares and fixed fees for swaps, and TRX serves as a safety buffer to absorb price fluctuations, helping stabilize USDD’s value. USDD can be u...

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