Huobi Global supprimera dix paires de trading, dont plusieurs liées au stablecoin USDD

Huobi Global Ltd. a annoncé son intention de supprimer dix paires de trading, principalement celles associées au stablecoin USDD, dans le cadre de ses efforts continus pour optimiser les expériences de trading des utilisateurs.

Timeline of Usdd

The stablecoin market has suffered a lot of turbulence over the quarter, partly due to the fall of the Silicon Valley Bank. With multiple stablecoins, such as USD Coin [USDC] and Maker [DAI] seeing uncertainty, Tron's stablecoin, USDD, witnessed positive improvements in the stablecoin sector.

The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit.

Despite Tron's USDD stablecoin plummeting in price, data from Nansen revealed that withdrawals on Huobi declined yesterday. Desperate to save their funds, Huobi's customers withdrew an astonishing $60.9 million in 24 hours on Friday right after news of the exchange reduced its staff by 20%.

Tron founder Justin Sun announced on Monday he swapped nearly $773,000 worth of Tron's native stablecoin (CRYPTO: USDD). Sun imitated Terraform Labs CEO Do Kwona's tweet from just before Terra's bankruptcy in May by writing, "Deploying more capital—steady lads.

The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD's value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin's web portal usdd.io claims the project is overcollateralized by 200.

Tron's algorithmic stablecoin (USDD) has lost its peg amid crypto's current tribulations due to the FTX collapse. The USDD is on shaky ground USDD, a stablecoin built on Tron's decentralized autonomous organization (DAO), dropped to $0.

The token dipped as low as $0.97 this morning before recovering to $0.98 at the time of writing. The post Tron-backed USDD loses dollar parity as stablecoin dips below $0.97 appeared first on The Block.

Tron's USDD stablecoin has lost its peg as its price dipped to $0.97, sparking fears of another UST collapse. The post Tron's USDD stablecoin falls to $0.97 as it loses dollar peg appeared first on CryptoSlate.

Tron‘s Decentralised USD (USDD/USD) stablecoin dipped below $0.97 on Monday to touch its lowest level sincethe market turmoil of June 2022. As per data from market tracking site CoinGecko, USDD's value depegged to $0.9695, declines in the stablecoin's value coming amid broader market jitters around cryptocurrency exchanges.

The price of the TRON USDD algorithmic stablecoin has dropped to $0.97, losing even more of its dollar parity. This could potentially put unwanted stress on USDD-paired DeFi pools on Curve.