Decentralized USD, more commonly known as USDD, is an overcollateralized USD-pegged stablecoin that is issued and under the custody of The TRON DAO. As a USD stablecoin, it can be exchanged into the fiat at the rate of close to 1:1. USDD is available on most popular blockchains such as BSC, Ethereum, TRON, etc.
The stablecoin is backed by various digital assets such as BTC, USDT, USDC, and TRX. It claims to be always over-collateralized with the collateral ratio set at 120%.
According to the TRON DAO Reserve’s Website, there are currently 725.3 million USDD secured by $1.25 billion in assets, which is a 171.6% collateral ratio.
Like many other stablecoins, USDD does not have a total supply. Meanwhile, its circulating supply is 725,332,036.
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