Amid Monday’s crypto market crash, Tron‘s recently launched algorithmic stablecoin USDD lost its dollar peg, slipping to a low of $0.9764 according to data from CoinMarketCap. At time of p...
Tag: Peg
Tron DAO Reserve adds another 500 million USDC to help USDD stablecoin peg
Tron DAO bought another $500 million worth of the stablecoin USDC on Tuesday to further expand its reserve assets pool and salvage confidence in its algorithmic stablecoin called Decentralized USD (US...
What TRON DAO is doing to defend the peg of USDD stablecoin given its fall to $0.97?
The newly launched USDD algorithmic stablecoin of TRON network started facing hobbling situations already It’s not been long since the crypto market experienced the collapse of a crypto asset in...
TRON DAO Reserve Receives 700M USDC to Defend USDT Peg
5 hours ago | 2 mins read Altcoin News During Monday’s turmoil, the USDD stablecoin dropped slightly to $0.977 per unit. Tron DAO Reserve had to deploy money to protect the $1 parity. In light of Terr...
Tron’s USDD Stablecoin Slips Further From Dollar Peg — Despite Overcollaterized Reserve ⋆ ZyCrypto
Advertisement     Tron’s algorithmic stablecoin, Decentralized USD (USDD) remained below its intended price peg with the U.S. dollar on Tuesday even after the team beh...
TRON’s USDD Stablecoin Losing Peg as TRX Price Slumps
The unfortunate tales of algorithmic stablecoins losing their pegs continue. This time, it’s TRON’s USDD that’s in the spotlight, trading at 2% below dollar parity. Following the UST-Terra fiasco, ano...
Tron Founder Justin Sun Announces Plan To Deploy $2,000,000,000 To Defend USDD Peg As Crypto Markets Plummet
Tron (TRX) founder Justin Sun says the Tron DAO Reserve will deploy $2 billion to defend the Decentralized USD (USDD) peg. Sun recently unveiled his plan to keep TRX and stablecoin USDD from collapsin...
USDD, USDN lose their $1 peg; another UST fiasco-like event on the cards?
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. Clea...
Fears of another Terra-UST implosion simmer as Tron’s USDD stablecoin loses dollar peg
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tron’s algorithmic stablecoin, USDD, has raised fears and speculations in the crypto market after its price dipped to $0.97 an...
USDD Stablecoin Loses Its Peg As Crypto Market Rout Continues – crypto.news
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...
Bitcoin Crashes to $23,000, Two Stablecoins Lose Their Peg
Arman Shirinyan Digital assets market is struggling to exit death spiral fueled by inflation data and funds outflow Contents Stablecoins losing their peg Crypto market bloodbath One of the biggest sel...
Is USDD losing its peg with the dollar?
During this very difficult day for the crypto markets, USDD is in danger of losing its peg with the dollar. Historic low for USDD USDD is the algorithmic stablecoin of the Tron ecosystem, pegged to t...
USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg
While the market has not yet fully recovered from the onslaught caused by the TerraUSD (UST) depeg, another stablecoin project shows signs of distress, causing fears and speculation within the communi...
Just In: TRON’s USDD Stablecoin Has Just Lost Its USD Peg, TRON DAO Injects $700M To Recover
– Advertisement – USDD has experienced a slight de-peg but TronDAO reserve will deploy $2 billion to support a re-peg. The crypto market is opening the week on a bad footing. The markets...
Justin Sun Reveals $2 Billion Injection to Save USDD Peg
Justin Sun, founder of TRON, now Permanent Representative of Grenada to the World Trade Organization (WTO), said that the TRON DAO will deploy funds to protect TRX from the funding rate of shorting it...
Will Ethereum(ETH) Price Trade Backwards to Maintain the stETH Peg!
stETH, the tokenized form of staked ETH and the native token of Lido de-pegged and dropped hard similar to that of UST. Lido is a staking solution for Ethereum backed by several industry-leading staki...
Secondary Stablecoins Capitalized on Lapse of Tether (USDT) Peg
Secondary stablecoins were able to capitalize on Tether slipping from its peg, following the collapse of TerraUSD last month. On May 12, the largest stablecoin Tether briefly dipped from its $1 peg to...
UPFI Integrates Chainlink to Maintain USD Peg on Solana
Chainlink’s recent integration with l Network will assist the stablecoin operations from multiple fronts. Primarily, the stable coin will receive real-time tamper-proof price feeds on the Solana mainn...
TRON’s stablecoin USDD employs an overcollateralised mechanism to maintain the USD price peg
After Terra’s algorithmic stablecoin TerraUSD (UST) failed miserably in May, TRON announced a plan to back up its own stablecoin with more capital on Sunday morning. An announcement on Sunday says tha...
Stablecoin DEI has lost peg twice in one month: another meltdown for the crypto market?
The stablecoin DEI has lost its peg twice in the last month, raising questions about if this is a precursor to another crypto meltdown. For the second time in less than a month, stablecoin DEI has los...
Stablecoins No Longer Stable – DEI Loses Its Peg, Falls Below $0.4 » NullTX
Imagine waking up and finding out that you’ve lost over 60% of your supposed savings. Last month, Investors lost more than 99% of their savings in the UST-LUNA collapse, which shook the entire Crypto ...
Tether Is Quiet About Its Bankers. Will It Affect Its Peg?
Senior [European Union] officials are expected to sign off on the oil embargo in the coming days, raising the intensity of the bloc’s economic retaliation against Russia for the war in Ukraine. Leader...
Nansen Report shows that UST lost its peg due to the work of multiple large entities
? Want to work with us? CryptoSlate is hiring for a handful of positions! TerraUSD (UST) losing its $1 peg and falling to $0.03 and the crash of Terra (LUNA) to $0.0001372 were two events that shook t...
Markets Jittery As Deus Stablecoin (DEI) Loses Dollar Peg
The crypto market, already reeling from the unprecedented collapse of LUNA and the UST stablecoin, received another jolt when Deus Finance’s DEI stablecoin became the latest stablecoin to lose its 1-1...
Investors Remove $7 Billion from Tether Within 48 Hours, Fearing USDT May Lose Its Peg
Yuri Molchan $7 billion has been removed from USDT as investors fear that Tether may go the way of UST Contents $7 billion removed from USDT Tether is fully backed: Paolo Ardoino As reported by CNBC, ...
DEI Loses Peg After Terra’s Implosion, But Hong Kong Offers Way Out
The difficult patch for cryptocurrencies continues as Fantom’s DEI becomes the latest stablecoin to lose its peg to the U.S. dollar. At the start of the week, Deus Finance’s stablecoin, DEI, according...
How The Tether Peg Could Predict Raging Bitcoin Volatility
The whole UST debacle has seen traders emboldened in the market against stablecoins. The result of this had been more investors going after the pegs of other stablecoins such as USDT and trying to see...
Fantom’s Scream DeFi Protocol Incurs $35M Bad Debt as Two More Stablecoins Lose USD Peg – crypto.news
The Scream decentralized finance (DeFi) protocol has run into a $35 million dollar bad debt following its failure to adjust the price of the Fantom USD (fUSD) and Dei (DEI) stablecoins on its platform...
Warning: Another stablecoin loses peg
Deus Finance’s stablecoin Dei (DEI) is the latest stabelcoin to lose its 1-to-1 peg to the U.S. dollar. The coin is currently trading at $0.64, as this drop follows several algorithmic stablecoins los...
Luna Foundation Sold 80K Bitcoin in ‘Last Ditch Effort to Defend’ UST Peg
The Luna Foundation Guard (LFG), the non-profit overseeing the Terra ecosystem, said that it sold almost all of the $3.5 billion bitcoin it held in reserve “as a last ditch effort to defend the [UST] ...
Another algorithmic stablecoin, DEI, loses peg
Another algorithmic stablecoin from Deus Finance, DEI, fell to as low as 54 cents on Monday, continuing what has been a tumultuous week for stablecoins. The stableocoin first lost its peg against the ...
LFG Swapped Over 80k BTC for $UST Soon After Stablecoin Lost Peg – crypto.news
On May 16, Wu Blockchain reported that the LFG currently holds a reserve of merely 313 BTC. The announcement came after LFG noted that they converted most of their reserves when UST began to lose its ...