USDD Stablecoin Slips From Dollar Peg In Market Downturn

The USDD stablecoin slips from the dollar peg during the recent market downturn and hit $0.9764 as we can see more today in our latest Tron news. Amid the Monday crypto crash, Tron's algorithmic USDD stablecoin lost its dollar peg and slipped to a low of $0.9764 as per the data from CoinMarketCap.

Timeline of Usdd

Another algorithmic stablecoin lost its peg, this time it is USDD. Launched by TRON only a month ago, USDD lost its peg as heavy selling across the top cryptocurrencies has persisted.

The ongoing crash in the cryptocurrency market witnessed a heavy amount of sell-offs across the market. Bitcoin and altcoins, both saw massive liquidations amounting to millions on a daily basis.

TRON's newly launched stablecoin (USDD) may be running into trouble just months after launch. The post USDD Stumbles and De-Pegs Just Months After Launch appeared first on BeInCrypto.

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.

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.