USDD

    USDDusdd#51

    By Twin · CoinHours Editorial · Coin profile maintained by CoinHours Editorial · Market data refreshes every 60s

    $0.9985

    -0.03% (24h)

    7d Change

    -0.01%

    30d Change

    -0.12%

    24h High

    $0.000000

    24h Low

    $0.000000

    Market Cap$1.52B
    24h Volume$22.88M
    Circulating Supply1525.0M USDD
    All-Time High$0.000000
    ATH Change+0.00%

    Price Chart

    About USDD

    USDD is an algorithmic stablecoin issued on the TRON blockchain by the TRON DAO, designed to maintain a 1:1 peg with the US dollar. It combines collateralization with algorithmic mechanisms to stabilize price. USDD operates primarily within the TRON ecosystem and DeFi applications built on TRON.

    Primary use case: Serves as a collateralized stablecoin for transactions and smart contracts on the TRON blockchain.

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    Understanding USDD Price Data

    The USDD price shown above is a volume-weighted average across major spot exchanges, sourced from CoinGecko and refreshed continuously throughout the trading day. Cryptocurrency markets trade twenty-four hours a day, seven days a week — there is no opening or closing bell — so the 24-hour change figure is a rolling window measured against the price exactly one day prior, not against a fixed daily close. The 7-day and 30-day percentage moves use the same rolling-window methodology, which means the figures shift continuously rather than resetting at midnight.

    Market capitalisation for USDD is calculated by multiplying the current price by the circulating supply — the number of USDD units currently in public hands and not locked, burned, or reserved by the protocol. This differs from total supply (all units that have ever been created) and max supply (the protocol-defined cap, where one exists). For assets with significant locked or vesting allocations, fully diluted valuation can be a more useful long-term measure than market cap alone. The 24-hour trading volume figure aggregates spot trading across reporting exchanges and excludes derivatives and over-the-counter activity, which can be substantially larger for major assets.

    All-time high (ATH) figures reflect the peak USD price ever recorded for USDD on a major exchange. The ATH change percentage shows how far the current price sits below — or above — that peak, and is one of several inputs the CoinHours Market Cycle Indicator uses when assessing where the broader market sits in its four-year halving cycle. For longer-term investors, ATH drawdown combined with 200-week moving average position and the Fear & Greed Index gives a clearer cycle picture than any single metric in isolation.

    USDD for Australian Investors

    In Australia, the Australian Taxation Office (ATO) treats USDD and other cryptocurrencies as capital gains tax (CGT) assets rather than as currency. Every disposal — selling for AUD, swapping for another crypto, spending on goods or services, or gifting — is a CGT event that must be reported in your tax return. Holding USDD for more than twelve months before disposing of it qualifies you for the 50% individual CGT discount, which is one of the most significant tax planning levers for long-term holders. See the crypto tax encyclopedia entry for a full breakdown of ATO record-keeping requirements, cost-base calculation methods, and the tax treatment of staking rewards, airdrops, and DeFi income.

    Australian investors typically buy USDD through a registered exchange that complies with AUSTRAC anti-money-laundering requirements. Once acquired, holdings can be left on the exchange (counterparty risk), moved to a software wallet (convenience with online attack surface), or transferred to a hardware wallet for cold-storage self-custody (highest security, least convenient). The CoinHours security guide walks through the trade-offs in detail, including seed-phrase storage, multi-signature setups, and inheritance planning. For background on the underlying technology, the Crypto Encyclopedia covers blockchain fundamentals, consensus mechanisms, and the USDD protocol in plain English.

    USDD FAQ

    What makes USDD different from other stablecoins?

    USDD combines algorithmic supply management with over-collateralisation, operating primarily on the TRON blockchain. Unlike fully-reserved stablecoins, it uses both cryptocurrency reserves and smart contract mechanisms to maintain price stability, creating a hybrid approach that aims to balance decentralisation with stability.

    How does USDD maintain its US dollar peg?

    USDD uses a dual mechanism involving collateral reserves managed by TRON DAO Reserve and algorithmic supply adjustments. When price deviates from $1, the system incentivises minting or burning tokens whilst drawing on cryptocurrency reserves including Bitcoin, TRX, and USDT to support the peg.

    What are the main risks of holding USDD for Australian investors?

    Key risks include smart contract vulnerabilities in the algorithmic mechanism, concentration risk within the TRON ecosystem, and potential depegging during market stress. Australian investors also face regulatory compliance requirements under ATO tax rules and AUSTRAC reporting obligations.

    How is USDD taxed in Australia?

    The ATO typically treats USDD transactions as capital gains tax events, including conversions to other cryptocurrencies or fiat. Australian investors must record transaction details including dates, amounts, and AUD values for tax reporting. Professional tax advice is recommended for complex situations.

    Can USDD be used outside the TRON ecosystem?

    While USDD is primarily designed for TRON-based applications, it can be traded on exchanges and potentially bridged to other blockchains. However, its main utility and integration remains within TRON's DeFi ecosystem, including protocols like JustLend and SUN for lending and trading.

    What happened to USDD during previous market downturns?

    USDD has experienced periods where its price deviated from the $1 peg during market stress, similar to other algorithmic stablecoins. These events led to adjustments in collateralisation ratios and reserve management strategies, highlighting the ongoing challenges in maintaining stability through hybrid mechanisms.

    Frequently Asked Questions

    How often is the USDD price updated?

    CoinHours pulls live USDD pricing from CoinGecko, which aggregates trades across major exchanges. The page refreshes the displayed figures every few minutes; the underlying market data updates continuously and may move significantly between refreshes during volatile sessions.

    Why does the USDD price differ between exchanges?

    Each exchange runs its own order book, so prices drift slightly based on local supply and demand, regional liquidity, and pair availability. The figure shown here is a weighted average designed to represent the broad market price rather than any single venue. Arbitrage typically keeps the differences small for major assets but can widen during fast moves or on smaller exchanges.

    Is buying USDD legal in Australia?

    Yes. Cryptocurrency is legal to buy, hold, and trade in Australia. Exchanges operating in Australia must register with AUSTRAC and comply with anti-money-laundering and counter-terrorism financing rules. The ATO treats crypto as property for tax purposes — see the Australian investors section above for tax implications.

    What is market cap and why does it matter?

    Market capitalisation equals current price multiplied by circulating supply and gives a rough measure of an asset's total value in public hands. It is a more meaningful comparison metric than price alone because two coins with identical prices can have radically different supplies. Market cap rank is one input investors use when assessing relative size, but it does not account for locked tokens, future emissions, or actual on-chain liquidity.

    Should I store USDD on an exchange or in a wallet?

    Exchange custody is convenient but exposes you to counterparty risk — exchange failures and hacks have wiped out customer balances historically. For amounts material to your finances, a hardware wallet under your own control is the standard recommendation. Read the security guide for a full comparison of custody options and seed-phrase best practices.

    Information on this page is general in nature and does not constitute financial, investment, or tax advice. Cryptocurrency prices are volatile and you can lose your entire investment. Consult a qualified Australian financial adviser and registered tax agent before making investment decisions.