Tron's USDD loses its peg, trades at $0.96
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.
Timeline of Usdd
Tron-backed USDD loses dollar parity as stablecoin dips below $0.97 - The Block
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 falls to $0.97 as it loses dollar peg - CryptoSlate
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.
Stablecoin USDD dips below $0.97 amid market jitters - Invezz
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.
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.
