Usdd.io, the issuer of the over-collateralized and decentralized stablecoin $USDD, has recently announced the token’s exclusive listing.
Crypto exchange Kraken has added support for the over-collateralized and decentralized stablecoin, $USDD, according to an announcement on X.
“Get ready to trade #USDD on Kraken! ధీరోపేయింట్స్are open, and you can now deposit, withdraw, and trade this promising stablecoin on our platform.”
The prominent exchange is offering complete withdrawal and deposit support for the token, according to an announcement from the platform’s official X account. The platform’s users can access the new trading pair, which is offered in the standard BTC and ETH pairings, on the exchange.
Listing $USDD on its platform will allow Kraken to offer its consumers around the world the possibility to trade, withdraw and deposit the token with ease. $USDD is an algorithmic stablecoin that runs on the TRON network. The project is constantly evolving and currently in the midst of its 2.0 upgrade, which aims to increase the token’s stability and benefit its long-term adoption.
The third stage of this transition will see the launch of a twenty percent staking campaign to reward consumers who are staking their $USDD holdings in the platform’s ecosystem and promote wide-level engagement and participation in the overall USDD ecosystem. The initiative will also serve to increase user confidence in the long-term viability of the $USDD token.
This move also highlights the TRON network’s commitment to maintaining a decentralized and robust financial infrastructure. The official listing of $USDD on Kraken will massively broaden its accessibility to further cement its status as a top stablecoin in the market.
The listing of $USDD on Kraken comes with a strong emphasis on unmatched security measures, user-friendly trading and increased liquidity standards, according to usdd.io. Together, these elements create an optimal environment for the stablecoin to continue its progress. This endeavor will contribute to the broader adoption of $USDD.
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