USD1

USD1 refers to a type of cryptocurrency or digital asset that is designed to maintain a stable value equivalent to one US dollar. Often categorized as a stablecoin, USD1 is pegged to the US dollar to reduce volatility typically seen in cryptocurrencies like Bitcoin or Ethereum. By providing a stable digital currency, USD1 facilitates easier transactions, trading, and value storage within the cryptocurrency ecosystem, making it a preferred choice for investors and users seeking stability in their crypto dealings.