Auto Added by WPeMatico

Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital

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…

Continue ReadingTron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital

Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92

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…

Continue ReadingTron’s USDD Regains Stability After Tapping an All-Time Low at $0.92

Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity

After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX)…

Continue ReadingTron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity