Looking to swap your USDR but not sure where to start? This guide will walk you through how to swap USDR, from choosing the right platform to completing the transaction, helping you save time and avoid unnecessary risks.
What is USDR?
USDR is a USD-pegged stablecoin issued by the company StablR. Its goal is to provide a stable and predictable digital solution for storing and making payments, with its value consistently maintained at 1 USDR = 1 USD. This ensures that users can always redeem USDR for USD at a stable and reliable exchange rate.
USDR is issued through a smart contract on the Ethereum blockchain, fully compliant with legal and regulatory standards. The USD reserves are audited regularly to maintain transparency and build trust with users.
As an ERC-20 token, USDR can be easily sent, received, stored, and traded using Ethereum-compatible wallets. It is also fully interoperable with decentralized applications (DeFi), decentralized exchanges (DEXs), and smart contracts across the Ethereum ecosystem.
How USDR works
- Fully backed 1:1 by USD: Each
USDR token is backed by one U.S. dollar or equivalent low-risk assets such as short-term government bonds. These reserves are held in segregated accounts at licensed financial institutions. StablR ensures transparency by providing daily reserve attestations and conducting regular independent audits. - Regulatory compliance under MiCA: USDR is issued as an Electronic Money Token (EMT) and is designed to fully comply with the European Union’s MiCA regulatory framework. This legal alignment helps increase user confidence and distinguishes USDR from less-regulated stablecoins.
- Built on the Ethereum blockchain: As an ERC-20 token, USDR is fully compatible with Ethereum wallets, DeFi applications, and decentralized exchanges. All transactions are executed through smart contracts, offering automation, transparency, and security.
- Stable value through redemption and minting: When the market price of USDR drops below one dollar, users are incentivized to buy it and redeem it for $1 worth of collateral from StablR, helping restore the peg. If the price rises above $1, new USDR tokens can be minted by depositing USD, increasing supply and bringing the price back down to the peg.
Core advantages of USDR by StablR
- Price stability: USDR is built to maintain a consistent value relative to the U.S. dollar, making it ideal for use in payments, money transfers, and trading without exposure to extreme price swings.
- High transparency: StablR reinforces user trust by publishing daily reports on its reserves and undergoing regular independent audits, ensuring that each USDR is properly backed.
- Regulatory alignment: By aligning with the MiCA framework in the EU, USDR offers a more secure and legally compliant alternative to many unregulated stablecoins.
- Blockchain-powered efficiency: Transactions using USDR benefit from the speed and cost-effectiveness of blockchain infrastructure, offering quicker settlements and reduced fees compared to traditional banking systems.
- Global access: Anyone with internet access can use USDR, regardless of geography, making it a practical solution for cross-border finance and global participation.
How to swap USDR?
To swap USDR, please follow the instructions below:
- Step 1: Visit the BitcoinVN exchange.
- Step 2: In the “You send” field, select VND or any cryptocurrency/stablecoin you have. In this article, we will use VND (Bank transfer) as an example.
- Step 3: In the “You receive” field, select USDR.
- Step 4: Enter the amount of USDR you want to buy. The amount you’ll need to pay will be displayed in the opposite field. Click “Swap” to proceed the transaction.
- Step 5: Open your wallet or banking app and scan the QR code shown on the screen to proceed with the payment. You will receive your USDR as soon as the transfer is completed.
How to store your USDR securely?
The safest way to store USDR is by using a cold wallet (hardware wallet) such as Ledger or Trezor. These devices keep your private keys offline, protecting your assets from hacks, malware, and phishing attacks.
| Do’s | Don’ts |
| Store your recovery phrase offline, preferably written on paper | Never share your private key or seed phrase with anyone |
| Keep your backup in a secure, private location | Avoid storing seed phrases online (e.g. cloud, notes app, email) |
| Double-check the USDR contract address from the official website | Don’t click on suspicious links or connect your wallet to unknown sites |
Where to buy genuine hardware wallet in Vietnam?
You should buy hardware wallets from official retail stores to ensure the product is genuine, sealed, and tamper-free. Fake or pre-opened wallets can be compromised, putting your assets at serious risk.
In Vietnam, BitcoinVN Shop is a trusted official retailer shop you should visit.
So, why BitcoinVN Shop?
- Authorized reseller of major brands like Ledger, Trezor, Coinkite, and Blockstream in Vietnam, ensuring you receive authentic, sealed devices directly from the manufacturer.
- Offers up to 12-month warranty and 1-to-1 exchange within 7 days if there is a manufacturer defect.
- Provides free 1-hour security consultation on setup and safe usage after purchase.
- Fast, reliable domestic delivery same-day in Ho Chi Minh City, 1-3 business days to other provinces.
Get your hardware wallet to enhance security for your crypto today!
