You are all aware of the volatile nature of cryptocurrencies. So, how do traders ensure its stability? They tie it to other stable asset classes such as US Dollars. Such coins are called stablecoins.
Decentralized USD is a stablecoin. It can be used for trading as well as as an asset. It is powered by blockchain technology. The main advantage of USDD is that it is redeemable as US Dollars anytime you want. Since it is tied to the world’s strongest fiat currency, it is designed to be stable and strong.
USDD is issued by TRON DAO. You can use it for trading, staking, and as a fixed asset. The decision-making regarding USDD is done by a decentralized community. So, it is less susceptible to fraud as a fraudster alone cannot change its protocol without the community’s approval.
In this article, you will learn more about Decentralized USD, its uses, ways to buy it, and its price prediction for 2024-2030.
What Is USDD?
USDD is a digital currency supported by US Dollars. It was designed as a stablecoin bereft of the volatility of crypto coins. Any investor can easily redeem the coin in US Dollars while keeping in mind the market conditions.
Here are some significant data about USDD.
Current Market Price: $0.997
Market Capitalization: $732,213,563
Fully Diluted Valuation: $732,261,429
24 Hour Trading Volume: $5,572,599
Circulating Supply: 734,395,395
Total Supply: 734,395,395
Decentralized USD (USDD) Price Prediction (2024-2030): Does This Stablecoin Have A Bright Future?
The short term price prediction of USDD from May to December 2024 is given in the below table.
| Year | Yearly Low | Yearly Average | Yearly High |
| May 2024 | $0.92 | $0.99 | $1.07 |
| June 2024 | $1.33 | $1.43 | $1.53 |
| July 2024 | $1.41 | $1.51 | $1.62 |
| August 2024 | $1.49 | $1.60 | $1.71 |
| September 2024 | $1.57 | $1.68 | $1.80 |
| October 2024 | $1.65 | $1.77 | $1.89 |
| November 2024 | $1.73 | $1.86 | $1.99 |
| December 2024 | $1.81 | $1.94 | $2.08 |
The long-term price prediction for 2025-2030 is given in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2025 | $3.31 | $4.14 | $4.97 |
| 2026 | $6.75 | $8.44 | $10.13 |
| 2027 | $13.77 | $17.21 | $20.66 |
| 2028 | $28.08 | $35.10 | $42.12 |
| 2029 | $57.27 | $71.59 | $85.90 |
| 2030 | $116.79 | $145.99 | $175.18 |
The market sentiments, as per the technical analysis indicators, are currently unavailable.
The 50-day and 200-day SMA of USDD is also currently unavailable.
Also, Read: Tips To Calculate The Crypto ROI
Where And How To Buy USDD?
You can buy Decentralized USD from any decentralized exchange. One of the most popular options is CoinDefiChain DEX.
Follow these easy steps to buy Decentralised USD.
- Sign up for any decentralized exchange where USDD is listed.
- Sign up to any crypto wallet or make sure that you have access to accepted payment methods such as bank transfer, credit card, or debit card.
- Decide on the number of USDD that you intend to buy.
- Place your purchase order and make the payment using an acceptable payment method.
- Check whether the USDD you bought is credited to your account.
- Store the purchased USDD in a cold wallet to ensure that it is safe and away from any threats.
The Bottom Line: Is Decentralized USD A Profitable Investment Option?
Any sure-shot data about the profitability of Decentralized USD is currently unavailable. Crypto analysts have not reached a consensus regarding the currency’s future market. Many of the data such as its technical analysis sentiments, 50-day SMA, and 200-day SMA are currently unavailable. Therefore, it is currently difficult to predict its future as a good investment option.
Even then, USDD has the potential to scale up as it is a stablecoin supported by the world’s strongest fiat currency, the US Dollar. So, there is also a chance that USDD will come up in the market in the coming years.
Therefore, if you are planning to make an investment in USDD, do so only after considering the current market conditions and the coin’s performance history. You should be well informed to avoid any market risks.
