2022-6-16 17:35 |
For the third consecutive day, Tron’s blockchain Decentralized USD (USDD) is trading for less than $1. The post TronDAO pulls 2.1B TRX from Binance to ‘safeguard crypto market’ as USDD depegg continues appeared first on CryptoSlate. origin »
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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. Mike Alfred, an investor serving as a board member of BTC miner Iris Energy and digital asset investment platform Eaglebrook Advisors, earlier today voiced out some warnings on USDD stablecoin and Huobi Exchange.
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 $0.967 early on Monday, reaching…
The fallout from this week’s crypto contagion continues to send shockwaves across the industry. The latest digital asset on thin ice is the TRON-based USDD stablecoin. The post TRON-Based USDD Stablecoin on Shaky Ground as It Depegs to $0.97 appeared first on BeInCrypto.
Combined reports from the foremost crypto information aggregator (Messari) and the Tron October report show that USDD Stablecoin Users Increased by 500% in Q3.
After Huobi Global announced that it would be delisting the stablecoin HUSD and auto-converting customer balances 1:1 with USDT, the stablecoin fell to as low as $0.74.
Huobi Global has commenced a 0% trading fee period for USDD pairs. The promo is to last for only two months.
The TRON stablecoin USDD is meant to track the price of the dollar, but its struggled to maintain its peg over the past week. TRON Stablecoin Faces Depeg Issues TRONs...