USDD wallet

The best cold wallet for your USDD coins

Secure your USDD tokens with the most trusted cryptocurrency wallet. Cold storage wallets are encrypted devices that store your USDD assets offline, providing a layer of security against the evolving threats emerging from being connected to the internet.
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What is USDD?

On May 5, 2022, USD Digital (USDD) was launched as a stablecoin. USDD is governed by the TRON DAO Reserve and is available on the TRON, Ethereum, and BNB Chain blockchains. It is pegged to the U.S. dollar at a 1:1 ratio, meaning that 1 USDD is always expected to be equal to 1 U.S. dollar.

Stablecoins like USDD rely on algorithms to maintain their stability through a process called seigniorage shares. Seigniorage shares are created when new coins are minted and destroyed when coins are burned. The supply of these shares is managed to increase when the price of the stablecoin falls and decrease when the price of the stablecoin rises. This helps to regulate the supply-demand ratio and keep the price of the stablecoin pegged to a stable value, even though it is not backed by any collateral.

USDD, as an algorithmically-based stablecoin, faces a unique situation following the collapse of terraUSD (UST). However, USDD's collateralization is slightly different from UST's, as it is backed by a basket of assets including TRX, BTC, and USDC, which together account for more than 200% of the value of USDD in circulation. This means that each USDD in circulation is actually backed by more than twice its value. In addition, the mint-and-burn mechanism allows users to burn 1 USDD for 1 USD worth of TRX when the price of USDD is lower than 1 USD, and to burn 1 USD of TRX for 1 USDD when the price of USDD is higher than 1 USD. This helps to keep USDD pegged to the USD at a 1:1 ratio and prevent USDD from de-pegging.

What is a USDD wallet?

To store and manage USDD, you need a compatible cold wallet.
Manage your coins with a compatible third-party wallet while keeping them safe with a Ledger device:

Ledger hardware wallet

Ledger hardware wallet stores your private keys and signs transactions offline, making them resistant to malicious attacks and threats.

Third-Party Wallet

Third-party wallet allows you to buy, send/receive, and swap USDD, view transaction history, and more, depending on its capabilities.

How to get a USDD cold wallet?

01

Get Ledger Nano

Select and purchase a Ledger hardware wallet of your choice. Beginner in the crypto world? Get started with Nano S Plus. Prefer a Bluetooth connection? Try with Nano X.

Get Ledger NanoCompare Ledger crypto wallet

02

Download and install extension

Download and install a compatible third-party wallet that lets you manage your USDD.

Download extension

03

Connect your Ledger Nano to wallet

  1. Connect your Ledger Nano to a computer/smartphone and unlock it.
  2. Open your wallet extension.
  3. Connect your wallet to Ledger Nano.

You’re all set, you can now use wallet!

Buy, manage, and stake USDD at your fingertips

Ledger Live is your one-stop platform for smooth and complete asset management. With just a few clicks, you can buy, send/receive, (swap), and stake USDD to generate passive income. Buy, send/receive, swap, stake, and other crypto transaction services are provided by third-parties partners.

1

The best way to keep your USDD coins secure

Secure multiple assets, including USDD using a Ledger hardware wallet. Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

NEW

LEDGER NANO S PLUS

Protect your USDD assets with the first and only independently-certified USDD wallet on the market.

Discover our Nano S Plus
Ledger Nano X

BEST SELLER

LEDGER NANO X

The Ledger Nano X is a Bluetooth enabled secure and CES award winning device that protect your USDD assets.

Discover our Nano X

Choice of 5,000,000+ customers

Bertil A.

5/5

In order to secure cryptocurrencies, Ledger is the perfect tool.

Kevin L.

5/5

Simply a very elegant peace of hardware, with a gorgeous UI in the app.

James P.

5/5

ALL is good, all legal resources bought was as specified and compliant, party on.

Read more reviews

Frequently Asked Questions

When you first buy coin, you’re issued with two keys: public and private.

  • A public key serves as an address that can be shared with other parties to perform transactions.
  • A private key represents a randomly generated number that signs transactions and protects your assets from malicious attacks. If it gets compromised or lost, you won’t be able to access your hardware wallet to spend, withdraw, or transfer your assets.

To safeguard and keep track of your keys, you can use online or offline wallets. Online wallets, also known as hot wallets, store private keys on systems or devices that are connected to the internet. Hot wallets are easy and convenient to use, however, they come with several drawbacks. Besides being susceptible to attacks and a honeypot for hackers, with hot wallets, the custody of private keys is often entrusted to a third party such as a crypto exchange, which means you never have full control over your funds. The safer choice are specialized hardware wallets that store private keys offline. Stealing private keys from a hardware wallet would require physical access to the wallet and corresponding PIN or the recovery phrase. What’s more, with hardware wallet, you don’t need to rely on third party custodians.

Ledger Nano is the industry-leading hardware wallet. With more than five million customers, Ledger Nano wallets have several layers of security that protect private keys, and hence your assets:

  • Your private keys are stored on secure element chips.
  • A PIN code and a 24-word recovery phrase are required to access the wallet.
  • Ledger Nano wallets have been built using highly durable materials for protection against physical damage.

With full isolation between private keys and your computer/mobile, Ledger Nano wallets keep your keys secure and give you complete control over your assets.

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