#TRON #stablecoin #USDD loses dollar peg amid #Sun_capital deploy, but #TRX floats

#TRON #stablecoin #USDD loses dollar peg amid #Sun_capital deploy, but #TRX floats

Warning to all #cryptocurrency enthusiasts! The possibility of a death spiral for #TRX and #USDD is real.

The instability surrounding #USDC caused a domino effect on other stablecoins such as #DAI, #USDD and #FRAX, which also slipped away from their $1 position.

The instability surrounding #USDC caused a domino effect on other stablecoins such as #DAI, #USDD and #FRAX, which also slipped away from their $1 position.

#USDD responded to the #USDC sell-off with a nearly 7.5% drop to trade at $0.925, while #FRAX dipped even further to $0.885.

#USD #Digital (#USDD), a #stablecoin issued by Tron, and fractional-algorithmic stablecoin Frax (#FRAX) shared a similar fate due to adverse market sentiments. 

Following #USDC’s depegging, three stablecoins — #DAI, #USDD and #FRAX — also depegged from the U.S. dollar.

Messari, a leading provider of blockchain research and data analysis, has released its quarterly reports on the State of #TRON and the State of #USDD for the fourth quarter of 2022.

#Messari Releases Q4 2022 State of #TRON and State of #USDD Reports

USDD (#USDD), a #stablecoin launched in May, now sits at rank #8, and saw its #market cap hovering around $700 billion since mid-year.

Tron’s #USDD #Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early #2023

Tron’s #USDD #Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early #2023

The bear market deepens as negative news and #FUD keep popping up. The latest on the list of fear-causing information is #Justin_Sun’s #USDD #stablecoin and popular #crypto #exchange #Huobi

Tron’s #USDD #Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early #2023

#Justin Sun's #Stablecoin #USDD Is Struggling To Maintain Its Dollar Peg

Tron's Price Sinks 8%, #USDD Depegs Amid Drama at Justin Sun-Related Huobi #Crypto #Exchange

Tron Price Sinks 8%, #USDD Depegs Amid Drama at Justin Sun-Related Huobi #Crypto Exchange

The bear market deepens as negative news and #FUD keep popping up. The latest on the list of fear-causing information is #Justin_Sun’s #USDD #stablecoin and popular #crypto #exchange #Huobi

#TRON #stablecoin #USDD loses dollar peg amid #Sun_capital deploy, but #TRX floats

#TRON #USDD #Stablecoin Slips Further From #Dollar, Threatening #Curve Pool 😇

If #tron gets out of this predicament, it will be a legend in the coming years. What do you expect to get out or not?

#trx #usdd

On the other hand, blockchain analytics platform Nansen has also detected that one of the funds that capitalized on the UST depeg has started actively transferring larger amounts of USDD and other stablecoins. 

#analytics #usdd

USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg

#usdd #stablecoin

USDD upgrades into the first over-collateralized decentralized stablecoin

#usdd #tmac