Cryptocurrency Q&A How is USDD backed?

How is USDD backed?

Eleonora Wed May 29 2024 | 5 answers 929

Could you please elaborate on the backing mechanism of USDD? I'm curious to know what assets or mechanisms support its value and stability. Is it backed by fiat currencies, other cryptocurrencies, or perhaps a combination of both? Also, could you explain how this backing system ensures the sustainability and reliability of USDD? I'm interested in understanding the intricacies behind its backing and how it contributes to its overall functionality in the cryptocurrency market. How is USDD backed?

How is USDD backed?

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