Guarda Wallet, a multicurrency wallet founded in 2017 has now added TRON’s algorithmic stablecoin USDD as one of its newest tokens available to its users.
The more solid #stablecoins, the better!
Manage your $TRX address now ⤵️
— Guarda (@GuardaWallet) September 14, 2022
Users of the said crypto wallet would be able to instantly exchange USDD on their platform and are available to all supported Guarda Wallet devices.
Since its inception, USDD has been one of the most popular stablecoins by TRON and its consistently having supported by different platforms worldwide.
What is Guarda Wallet?
Guarda Wallet is a multi-platform cryptocurrency and non-custodial wallet that was launched in 2017.
It supports over 45 major blockchains, more than 400,000 tokens and top cryptocurrencies such as Bitcoin, Ethereum, Ripple, Tezos, and TRON just to name a few.
The multi-platform cryptocurrency wallet provides financial services such as buying and selling digital assets, staking features to earn rewards with massive APY, and cryptocurrency loans available in USDT and USDC.
Guarda Wallet is available for both web, desktop, and mobile phones.
They are known to prioritize security for their users and have multi-signature security measures to make accounts safe and secure.
What is USDD?
USDD or the Decentralized USD is a stablecoin on the TRON blockchain and it is an algorithmic stablecoin that would be issued as a TRC token on the TRON network.
⚖️ Get ready to exchange fast and safely without any struggles NOW!
— USDD (@usddio) September 15, 2022
It will leverage the power of mathematics and algorithms to achieve the overarching goal of financial freedom for all. This is similar to the other algorithmic stablecoins.
TRON DAO Reserve would serve as a transparent mechanism to fully manage the reserves backing the USDD.
The Decentralized USD algorithm will ensure that the newest stablecoin on the TRON blockchain maintains its US dollar peg regardless of the market conditions.
USDD is also available on Ethereum and BNB Chain through the BTTC cross-chain protocol.
Since being launched by TRON a few months ago, the USDD demand has been consistently increasing and started to be supported by different crypto exchanges and platforms worldwide.
Guarda Wallet’s stablecoin support for the USDD is just one of the many things to come for the algorithmic stablecoin of TRON.
For more news and updates, see Tron Spark.