0.02%Log In to Buy Decentralized USD(USDD)
Interested in buying Decentralized USD (USDD) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Decentralized USD (USDD) instantly wherever you are! Check out all the ways you can buy USDD on KuCoin.
With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Decentralized USD (USDD). Here's how to buy:
1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.
2. Transfer your crypto to a KuCoin Trading Account. Find your desired Decentralized USD (USDD) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Decentralized USD (USDD).
Tip: KuCoin offers a variety of order types to buy Decentralized USD (USDD) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.
3. As soon as your order is successfully executed, you will be able to see your available Decentralized USD (USDD) in your Trading Account.
Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.
"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Decentralized USD (USDD) to a non-custodial wallet. Storing Decentralized USD (USDD) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Decentralized USD (USDD) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Decentralized USD (USDD).
Some unique features that make the USDD project a good investment are its transparency and reliability through smart contracts on TRON, enabling fast and secure transactions.
The stable price peg to the US Dollar is an advantage for investors seeking stability in the volatile cryptocurrency world. Furthermore, USDD offers staking opportunities and is backed by a range of liquid cryptocurrencies, leading to increased security and stability.
Factors that could positively influence the price forecast of USDD include its strong peg to the US Dollar, and its over-collateralization leads to additional security.
Using smart contracts for issuance and redemption ensures transparency and trust in the system. The active involvement of the community in the management and development of USDD could also contribute to the strengthening of the project.
The use of USDD, a stablecoin on the TRON blockchain, is versatile and offers many opportunities that tap into the benefits of blockchain technology.
Like traditional currencies, USDD can be used to purchase goods and services. Since it is a cryptocurrency, transactions get carried out quickly, securely, and transparently, with all transactions recorded on the blockchain.
Whether on centralized or decentralized exchanges (CEXs or DEXs), you can trade USDD against other cryptocurrencies. Due to its peg to the US dollar, USDD provides a more stable option than many other cryptocurrencies that can be subject to significant price fluctuations.
Staking USDD lets users "freeze" or hold their cryptocurrency in a dedicated staking pool such as KuCoin Earn to receive rewards. On the TRON platform, smart contracts allow users to participate in staking pools, providing another opportunity to generate income from their USDD holdings.
USDD can be a safe haven during economic uncertainty or high volatility, like gold or other precious metals in the traditional financial world. Since the value of USDD is pegged to the US dollar, it offers a more stable option than many other cryptocurrencies.
USDD has a fixed exchange rate of 1:1 with the US Dollar. For every USDD in circulation, an equivalent amount in US dollars is held in reserve.
USDD worth 2 billion dollars has been authorized, while coins worth 1.25 billion dollars have been authorized but not yet issued. As of June 2023, the total supply of USDD is around 741K, and the total coverage is about 1.2 billion dollars.
To stake USDD, you can participate in staking pools based on smart contracts on the TRON platform. These allow for fast, secure participation and transparent, verifiable USDD issuance and redemption records.
The partners of USDD are the various cryptocurrencies that serve as collateral, including Bitcoin, Ethereum, and TRON. In addition, the TRON DAO Reserve (TDR) is the main administrator of USDD and is responsible for maintaining the currency’s value and a stable exchange rate.
