BitStore.com has made a significant move in the world of global crypto transactions by announcing its strategic partnership with USDD, an over-collateralized stablecoin. This collaboration is a crucial step in integrating stablecoins into everyday financial activities, allowing BitStore.com users to top up their accounts with USDD and use it for seamless spending worldwide.
The partnership brings enhanced stability to BitStore.com users’ financial transactions. USDD is known for being an over-collateralized stablecoin, meaning it maintains a minimum collateral ratio of 120%. This provides a buffer against market volatility, allowing users to use their cryptocurrency for everyday transactions without the usual risks associated with price fluctuations in the market.
In addition to stability, this integration also prioritizes transaction security. As BitStore.com continues to establish itself in the Web3 space, the inclusion of a stable and reliable coin like USDD ensures that users can manage their finances with enhanced trust and security. This move is expected to attract more users to the platform who are looking for dependable ways to incorporate cryptocurrencies into their daily lives.
The benefits for BitStore.com’s users include the ability to utilize USDD for regular transactions, ensuring stability and confidence despite market fluctuations. USDD also helps extend Bit.Store’s operations globally while maintaining compliance by not offering services in the U.S., thus adhering to local regulatory standards. Furthermore, USDD can be used on various blockchain platforms, enhancing the versatility and usability of Bit.Store’s Web3 card in different cryptocurrency ecosystems. This broadens transaction possibilities and promotes a versatile and adaptable spending environment within the Bit.Store framework.
The collaboration between BitStore.com and USDD significantly expands BitStore.com’s global reach. While USDD extends the platform’s functionality on a global scale, it remains compliant with regional regulations by not offering services in the U.S. Additionally, the partnership diversifies the blockchain ecosystems accessible through the BitStore Web3 card. USDD is available on multiple public chains, including TRON, Ethereum, BNB Chain, and Avalanche, among others. This multi-chain accessibility increases flexibility for BitStore.com users, allowing them to operate across various crypto environments.
USDD functions as a decentralized stablecoin, supported by a strong security framework based on over-collateralization. It maintains its stability and market value by leveraging popular digital assets such as TRX, BTC, and USDT as collateral. The value of these assets is always significantly higher than the total circulating supply of USDD, providing a solid financial foundation for the stablecoin.
One critical feature that ensures USDD’s stability is the fixed collateral ratio of 175%. This means that for every USDD issued, there is 1.75 times the value in collateralized assets, enhancing USDD’s ability to withstand market fluctuations. This extra cushion helps prevent USDD from deviating from its peg to the US dollar, even if there are price changes in the collateral assets. The thorough over-collateralization of USDD aims to ensure its reliability and distinguish it from other decentralized stablecoins that have faced issues due to insufficient collateral and reliance on associated currencies.
