Stablecoin USDD dips below $0.97 amid market jitters
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.
Timeline of Usdd
TRON USDD Stablecoin Slips Further From Dollar, Threatening Curve Pool - BeInCrypto
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.
FTX Crisis: Justin Sun's Algorithmic Stablecoin USDD Depegs - Coingape
Tron founder Justin Sun looks to work on a “wholistic solution” to save FTX from the liquidity crunch. Meanwhile, on-chain data suggested algorithmic stablecoin USDD has started to depeg suddenly and is now trading at $0.974.
Justin Sun Hints At A Potential FTX Revival ‘Solution' For $USDD - EWN
Tron founder Justin Sun is the latest to offer a solution for the FTX exchange. The crypto entrepreneur said on Twitter that a solution was being put together with FTX to initiate a path forward.
Messari Releases Q3 2022 State of TRON and State of USDD Reports - Bitcoin
Geneva, Switzerland / November 8, 2022 / – Messari, the leading provider of crypto market intelligence, released two quarterly analysis reports related to the TRON ecosystem – State of TRON Q3 2022 and State of USDD Q3 2022.
Messari Releases Research Reports on the TRON Ecosystem and the Stablecoin USDD - CryptoNewsFlash
Geneva, Switzerland, 7th November, 2022, Chainwire Messari, the leading provider of crypto market intelligence, released two quarterly analysis reports related to the TRON ecosystem – State of TRON Q3 2022 and State of USDD Q3 2022.
How far behind is USDD in the stablecoin race? Data suggests - AMBCrypto
USDD, Tron's decentralized, overcollateralized stablecoin had an impressive third quarter after witnessing a chaotic Q2. Some good news Messari, a leading crypto-analytics platform, recently tweeted some metrics in relation to USDD.
USDD Stablecoin Users Increased by 500% in Q3 - EWN
The beleaguered Tron stablecoin USDD has broken out of its slump, with a 500% increase in users in Q3. Crypto market intelligence firm Messari published a report on Nov. 3, highlighting how the stablecoin had seen growth across a few metrics.
Huobi Introduces Zero Trading Fees for Advisor Justin Sun's USDD Stablecoin - EWN
The Huobi exchange is running a promotional offer until December 31, in which there will be no trading fees for USDD pairs. USDD is the stablecoin of the TRON network, and founder Justin Sun is an advisor to the exchange.
One Ethereum Rival Tripled Its Share of Total Value Locked Across DeFi After Terra (LUNA) Implosion: New Study - The Daily Hodl
A new report from crypto ranking platform CoinGecko is shedding light on one Ethereum (ETH) rival that tripled its share of total value locked (TVL) in the decentralized finance (DeFi) sector after the collapse of the Terra (LUNA) ecosystem.
Tron's USDD Regains Stability After Tapping an All-Time Low at $0.92 - Bitcoin
Between June 13 and June 27, or roughly two weeks, Tron's stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3.
