USDD Stablecoin Loses Its Peg As Crypto Market Rout Continues

The week began on a wrong footing for the crypto market as the market's bleeding continued after a brief stop. Due to the extreme market situation, withdrawals for some tokens were halted, as reported by the Celsius Network.

Timeline of Usdd

Justin Sun Reveals $2B injection to save the USDD peg which means a short squeeze might be incoming so let's read more today in our latest Tron news. Justin Sun reveals $2B injeciton to save the USDD peg and said that Tron will deploy the funds to protect the TRX from the funding rate shorting

Currently Collateralized at Over 200% with a Guaranteed Minimum Collateral Ratio of 130%, TRON-based USDD has joined the league of global crypto titans, surpassing several significant milestones in less than one month since its May 5 launch. The blockchain industry's most distinctive trait is constantly evolving and transforming traditional sectors rapidly, bringing revolutionary technologies to … Continued The post USDD Upgrades Into First Over-Collateralized Decentralized Stablecoin appeared first on BeInCrypto.