The worldwide leading crypto exchange, KuCoin is all set to list the decentralized USD (USDD) on its platform. KUCOIN will support USDD/USDT and USDD/USDC pairs effective today. The USDD protocol will be pegged to USD, globally the most applied fiat currency.
Building the best Stablecoin USDD
The KuCoin team was very proud to announce the new listing as part of their big project going live on the platform. The USDD spot trading for both the pairs listed is already available. Additionally, the platform supports the TRC20, BEP20, and ERC20 networks for USDD deposits. Trading and Withdrawal transactions were available since 10:00 on May 17, 2022 (UTC). This is a positive step ahead for the team towards building the best Stablecoin USDD.
“Together we #BUIDL the best #StableCoin $USDD,” they tweeted.
Pegging USDD to solidify as a true settlement currency
TRON DAO reserve is initiated by the TRON network to protect the overall crypto and blockchain industry in the event of a crisis. The reserve issued and manages the permissions of the decentralized USD (USDD) to maintain price stability. They claim various use cases for the crypto. According to the release, USDD will be pegged to the USD which will initiate “a stable, decentralized, and tamper-proof USDD-USD system. ”
The document stated, “It will have a built-in incentive mechanism and a responsive monetary policy, which will allow USDD to self-stabilize against any price fluctuations, and help consolidate the value of USDD as a true settlement currency.”
