USDD (USDD)

What is USDD Crypto Currency? USDD is a stablecoin cryptocurrency, founded by the tech company Transaqx Technologies in collaboration with the company TokenJar. USDD is a USD-collateralized stablecoin which is backed by the British Pound Sterling. The idea behind the project is to provide users with a stablecoin that is pegged to the value of another asset, the British Pound Sterling. It is intended to act as a medium of exchange and store of value, enabling users to make payments in a stable currency. Who Founded It? USDD is founded by Transaqx Technologies in collaboration with TokenJar. Transaqx Technologies is an US-based blockchain technology company that provides business solutions with Blockchain technology and cooperates with TOP blockchain projects such as Ethex, OmiseGo, MakerDAO. TokenJar is a decentralised cryptocurrency exchange and custodial service focusing on Ethereum and ERC-20 based tokens. It was founded by Sofie Blokker, an experienced software engineer who worked at IBM and De La Rue and has the vision of providing users with a platform that is secure, easy to use, and accessible. What Makes it Unique? USDD is one of the few stablecoin solutions that is backed by the British Pound Sterling. This makes it unique as compared to other stablecoins. It also offers a more reliable peg to the British Pound Sterling than fiat-backed stablecoins that are typically backed by a certain amount of government-issued digital currencies. Where Does it Used? USDD is used as a medium of exchange and store of value. It enables users to make payments in a stable currency. It can also be used for trading and investing purposes, such as buying and selling other digital assets on the TokenJar platform. Where to Buy/Sell It? USDD can be bought/sold on TokenJar. This is an Ethereum-based decentralised exchange and custodial service that also supports numerous ERC-20 based tokens. Other cryptocurrency exchanges may also list it in the future.