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TürkçeUSDD Information
USDD is a stablecoin designed to maintain its value relative to the US dollar, offering stability in the volatile cryptocurrency market. It aims to combine the benefits of blockchain technology with the reliability of traditional currency values, making it attractive for those seeking less price volatility. As part of a broader cryptocurrency ecosystem, USDD provides users with seamless integration into decentralized finance applications and platforms.
Understanding USDD: A Stablecoin in the Spotlight
USDD, bearing the symbol 'usdd', has emerged as a notable player in the universe of stablecoins. Designed to maintain a near-consistent value, it has gained attention for its strategic positioning and unique mechanisms. But what makes USDD tick, and how has its journey been thus far? Let's delve into the essential characteristics and evaluate its future in the cryptocurrency market.
The Formation and Framework of USDD
USDD was developed as a stablecoin, aiming to offer consistency amidst the volatile crypto landscape. Unlike traditional cryptocurrencies whose values fluctuate significantly, USDD is pegged to the US Dollar, making it a reliable choice for traders looking to hedge against market volatility. The coin operates on a decentralized model, leveraging smart contracts to maintain its peg.
Analyzing Historical Performance
Since its inception, USDD has aimed at stability with varying degrees of achievement. The coin's all-time high (ATH) was registered at $1.052, a minor surge from its usual parity with the dollar, recorded on October 23, 2023. However, it too faced rocky moments, evidenced by its all-time low (ATL) of $0.928067 on June 19, 2022. These fluctuations, common even for stablecoins, underscore the challenges in maintaining an immutable peg against market dynamics.
Advantages of USDD
The primary advantage of USDD lies in its stability. As a stablecoin, USDD provides a sanctuary for traders during times of high volatility in the broader cryptocurrency market. By ensuring its value is closely tied to the US Dollar, it serves as an effective store of value for transactions and savings in the crypto realm.
Additionally, its decentralized nature fosters transparency and reduces reliance on centralized entities, aligning with the original ethos of blockchain technology.
Challenges and Limitations
Despite its robust framework, USDD faces challenges. Maintaining the dollar peg demands complex economic and technological maneuvers which are susceptible to systemic risks. Furthermore, stablecoins in general attract regulatory scrutiny due to their potential implications on traditional financial systems.
Another challenge is competition. With a saturated market of stablecoins such as USDT and USDC, USDD must continually innovate its technology and business model to maintain relevance.
Future Prospects for USDD
USDD's future hinges on its ability to sustain its dollar peg effectively while navigating regulatory landscapes and technological advancements. Market trends suggest a growing appetite for stablecoins, particularly in decentralized finance (DeFi) sectors, offering USDD ample growth opportunities.
In addition, partnerships and integrations within the blockchain ecosystem could bolster its adoption and utility, providing a competitive edge. Continued innovation and transparent operations will be pivotal in cementing USDD’s place in the crypto economy.
USDD presents a fascinating case in the stablecoin space, offering both opportunities and obstacles. Its success will largely depend on its capacity to manage external challenges while leveraging its advantages to gain broader market acceptance.
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from price
$1
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General Information |
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Title
USDD
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Symbol
usdd
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Whitepaper
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Website
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Community
-
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Last Updated
2025-01-21 23:51
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Price Data |
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Current Price $
0.997011
$
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High 24h
1.007
$
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Low 24h
0.989937
$
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Price Change 24h
0.00061334
$
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Price Change % 24h
0.06156
%
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Market Data |
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Market Cap
752844463
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Total Volume
2217610
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Market Cap Change 24h
-487971.36648369
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Market Cap Change % 24h
-0.06478
%
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Return on Investment (ROI)
-
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Supply and Availability |
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Circulating Supply
754574020.27186
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Total Supply
754574020.27186
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Max Supply
-
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Historical Data |
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All Time High (ATH)
1.052
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ATH Change %
-5.14739
%
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ATH Date
2023-10-23 22:45
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All Time Low (ATL)
0.928067
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ATL Change %
7.50063
%
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ATL Date
2022-06-19 16:15
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