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 19. During the past seven days, USDD has mana...
Tag: Trons
A full picture of Tron’s [TRX] price trajectory after this breakdown
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice After relishing a position above the EMA ribbons for a few weeks, ...
Tron’s USDD Stablecoin Still Hasn’t Recovered Its Dollar Peg
Tron’s stablecoin has yet to reclaim parity with the greenback USDD hit an all-time low of $0.9255 on June 19 USDD Market Cap – $704,861,106 Tron’s recently sent off USDD stablecoin has exchanged unde...
One Week Later, TRON’s Terra Ripoff Is Still Worth Less Than a Dollar
Key Takeaways TRON’s USDD has extended its slide below $1. It’s been trading below peg for a week now. USDD briefly hit $0.93 over the weekend despite various interventions from the TRON D...
Tron’s USDD dips below 96 cents as stablecoin enters third day adrift
Tron’s Decentralized USD (USDD), an algorithmic stablecoin inspired by TerraUSD, entered its third day trading below $1 on Wednesday. The token dipped as low as $0.959 this morning before recovering ...
Tron’s USDD Stablecoin Faces Same Fate as Terra Luna’s UST » NullTX
Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical...
TRON’s Stablecoin USDD Fails To Maintain $1 Parity, Trading at $0.97
15 mins ago | 2 mins read Altcoin News This week, $2 billion was injected into Binance to combat the negative shorting rate. Wednesday saw the USD tumble below its one-dollar trough, tumbling as low a...
Tron’s TRX Slumps Nearly 20% As USDD De-peg Deepens
Tron’s native token, TRX, fell sharply in the past 24 hours as the blockchain’s USDD stablecoin broke away from its dollar peg. TRX slumped as much as 19%, and is now trading at $0.05- its lowest in ...
Tron’s Decentralized USD Stablecoin Continues to Slip From Dollar Peg – crypto.news
USDD, the Tron-backed algorithmic stablecoin, is still struggling to regain its dollar peg, which it lost on Monday. Short Sellers Hit Tron Trouble started brewing in the Tron ecosystem on June 13 whe...
Tron’s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit – Bitcoin News
Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC...
Tron’s USDD Stablecoin Slips From Dollar Peg Amid Crypto Market Crash
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...
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 Stablecoin Suffers De-peg; Founder Justin Sun Claims USDD’s Collateral Has $2 billion
On Monday, USDD, a stablecoin issued by Tron network, lost its peg to the U.S dollar. USDD fell around 91 cents amid concerns among investors regarding tightening financial conditions, high inflation,...
Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token – Altcoins Bitcoin News
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a smal...
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’s USDD Stablecoin Still Below $1 Despite $2B Cash Injection
Key Takeaways USDD lost its dollar peg Monday amid a broader crypto market decline. The TRON DAO Reserve, an organization set up to ensure USDD trades at dollar parity, has deployed $2 billion to help...
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...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity – Bitcoin News
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) dropped signifi...
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...
Ethereum’s total value locked in DeFi shrank 35% in May, while TRON’s rose 47%
At the end of April, Terra (LUNA) had more than $25 billion in total value locked (TVL), the second-largest decentralized finance (DeFi) ecosystem behind Ethereum. However, following the collapse of ...
USDD’s Fresh Redesign Would Spearhead The Stablecoin 3.0 Era According To TRON’s Founder
Terra’s attempt to form the Luna Foundation Guard in order to diversify UST’s collateral and avoid depegging was too late. He said that the reserve had only $3 billion worth of BTC, which ...
TRON’s claims of USDD over-collateralization may have hidden worms
? Want to work with us? CryptoSlate is hiring for a handful of positions! In early May, the collapse of the Terra-LUNA ecosystem brought a wave of distrust for algorithmic stablecoins in general. Give...
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...
Terra fiasco triggers bigger backstop for TRON’s stablecoin
Following the total collapse of Terra’s algorithmic stablecoin in May, TRON this morning announced a plan to significantly increase the amount of capital backing up its own stablecoin. USDD — at first...
Tron’s USDD Stablecoin Will Switch Its Algorithm to Avoid Terra Like Collapse
Following the $60 billion Terra ecosystem’s catastrophic downfall in early May, Tron has risen to become the third-largest blockchain in the decentralized finance industry (behind only Ethereum and BN...
TRON’s USDD Stablecoin Collateral Building Up to Prevent Repeat of Terra’s UST Stablecoin
In a bid to improve transparency surrounding its new algorithmic stablecoin, Tron has revealed details of its new coin’s collateralization strategy. To avoid the situation with TerraUSD that saw $60B ...
USDD is fueling Tron’s DeFi TVL rise, draws comparison with Terra’s UST
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tron has become the third-largest network by total value locked (TVL) in DeFi protocols a month after launching its algorithmi...
Tron’s DeFi activity spikes following the USDD launch
The collapse of the Terra USD (UST) stablecoin created several hurdles for the stablecoin networks. While some stablecoins have been stress tested since the UST crash, some have maintained a steady pe...
Tron’s [TRX] possible price recovery and how its closing in on BSC in terms of TVL
There is no gainsaying in denying the fact that this has not been a really good year for Decentralised Finance protocols (DeFi). Rug pulls, scams, hacks, exploits and failures of some of these protoco...
Tron’s TRX Burn Total Exceeds 7.7 Billion
The Tron network has managed to outperform the rest of the cryptocurrencies amid the recently increased bear pressure. Tron’s native token TRX has surged by over 25% in the past 30 days. In a bid to s...
Analyzing if Tron’s [TRX] current bullish bias is Janus-faced
TRX managed to deliver a healthy bullish uptick in the last seven days as the market struggles to overcome the prevailing uncertainty. However, it is currently approaching a significant support area w...