The stablecoin ecosystem felt an immediate effect as USD Coin (USDC) depegged from the US dollar due to a subsequent sell-off after Silicon Valley Bank (SVB) did not process $.3.3 billion of Circle’s ...
Tag: USDD
Stablecoins In Trouble? USDC, DAI, USDD Depeg As SVB Crisis Deepens
Crypto News: Dealing with a heavy sell off, the global digital asset market registered a broad recovery on Saturday morning. Bitcoin, Ethereum price jumped by 3% and 5%, respectively. However, the top...
Q4 reports on State of TRON & State of USDD released by Messari
Blockchain analyst releases Q4 reports on TRON and USDD Highlighting scrutinized details regarding both. Data analysis of prominent blockchain entities provides deep insight and helps in future predi...
Messari Releases Q4 2022 State of TRON and State of USDD Reports
Geneva, Switzerland, 10th February, 2023, Chainwire Messari, a leading provider of blockchain research and data analysis, has released its quarterly reports on the State of TRON and the State of USD...
Justin Sun’s Woes Continue as USDD Depeg Sparks Huobi Concerns
As stablecoin USDD continues to trade below its peg, Justin Sun’s Huobi Global is suffering the consequences. The crypto exchange has lost 18% of its market share volume since 2020 and faces an ...
Huobi’s Market Share Crumbles Amid USDD Depeg
Seychelles-headquartered crypto exchange – Huobi Global – has been in trouble for quite some time now, which has translated into losing significant market share. The company has been mired in controve...
Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023 – Bitcoin News
The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD sli...
Why Justin Sun’s Stablecoin USDD Is Struggling To Maintain Its Dollar Peg
A stablecoin is a cryptocurrency that is pegged to a certain fiat currency. It provides stability for investors of crypto, making transactions easier. USDD, a stablecoin created by the founder of the ...
Tron Shrinks, USDD Depegs: Huobi drama to be blamed
Justin Sun, the founder of Tron, also sits on the advisory board at Huobi. Huobi announced 20% layoffs and employees to receive salaries in stablecoins. Tron-based USDD lost its peg by 3 cents. Tro...
Crypto Community Believes USDD is Unsafe As Huobi Battles Crisis
The crypto community thinks USDD is unsafe, given some unusual activities. Nansen data says Huobi users cashed over $60.9 million within 24 hours. The figure represents over 64% of its total $94 milli...
USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors
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...
Huobi Trading Volume Plummets As USDD Loses Peg
The global trading volume of the Huobi exchange plummeted in the past day amid rumors of internal turmoil. The Huobi Token (HT) and TRON (TRX) tokens are also down sharply. Huobi Global is experiencin...
Justin Sun’s USDD Stablecoin Could Collapse, Says Mike Alfred
Investor Mike Alfred recently stated that Justin Sun is Huobi’s shadow owner. Alfred mentioned that Justin has been sending billions of dollars worth of stablecoins around space. Alfred also warned th...
Tron Price Prediction: Will Justin Sun Tron Be Able To Save USDD But At What Cost?
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Chiliz (CHZ) launches GameUsed.com, Tron’s (TRX) USDD Stablecoin Falls under 97cents, Snowfall Protocol (SNW) up 300% during Santa Rally
The cryptocurrency market is known for its wild volatility. Coins gain and lose value quickly depending on the market sentiment at the time and major news. For instance, Chiliz (CHZ) has recently shot...
Tron Price Prediction: Will Justin Sun’s USDD Backfires TRX?
Tron price prediction showcases the justifiable rate of recovery of the token through a rising parallel channel over the daily price chart. TRX crypto has recovered till 20 and 50 EMA but is till belo...
Oryen Network is likely to outshine TRON and USDD soon
As TRON and USSD struggle to stabilize their prices, ORY is generating 3X greater gains for investors in its presale. TRON (TRX) and USDD A decentralized, open-source network called TRON aims to give ...
Justin Sun’s stablecoin USDD quietly loses peg amid FTX chaos
Crypto exchange FTX, trading firm Alameda Research, and news of the hundreds of other companies exposed to their collapse has kept the spotlight off a few floundering projects. Take, for instance, Jus...
Tron Founder Justin Sun Took Decision on Stablecoin USDD
Big Move Earlier this week, the well-known founder of the Tron blockchain DAO ecosystem, Justin Sun, announced that he had swapped over $773,000 of Tron’s native stablecoin USDD. Tron’s (TRX) Justin ...
Justin Sun Pouring More Fundings to Keep USDD Stable
Justin Sun tweeted on Monday morning to say that he had traded USDD, the native stablecoin of Tron, for over $773,000 worth of other currency. The founder of Tron tweeted, “Deploying more capital—stea...
TRON stablecoin USDD loses dollar peg amid Sun’s capital deploy, but TRX floats
TRON’s stablecoin, USDD, depegged from the dollar TRX price action held out in the negative as Justin Sun calmed the community USDD, the decentralized stablecoin of TRON [TRX], lost its peg to the dol...
Tron’s Native Stablecoin USDD Depegs, Now Trading at $0.97
Apparently, after Sun’s massive trade, USDD is currently at $0.974. With a current market valuation of $708 million, USDD is the ninth biggest stablecoin. Early on Monday, Justin Sun said on Twitter t...
Binance hits out at Reuters, USDD loses peg, Paxful delists ETH
The biggest news in the cryptoverse for Dec. 12 includes Binance saying “Reuters has it wrong again,” obscure token takes up 15% of ETH gas fees, USDD loses peg, and more CryptoSlate Top Stories XEN c...
Tron’s USDD loses its peg, trades at $0.98
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 autonomou...
Tron’s USDD Stablecoin Falls to Under 97 Cents, Lowest Level Since June
The USDD stablecoin, championed by Tron’s founder Justin Sun and managed by Tron’s decentralized autonomous organization (DAO), fell to slightly below 97 U.S. cents early Monday, hitting t...
Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital – Altcoins Bitcoin News
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 Justin Sun tweeted that his team was ...
Justin Sun’s USDD Stablecoin Falls to $0.968 Low, Marks One-Month Below Peg
The USDD stablecoin, heavily backed by crypto entrepreneur Justin Sun, is the latest token under immense pressure in this bear market. In the early hours of Monday, the acclaimed stablecoin dropped to...
Tron’s USDD stablecoin falls to $0.97 as it loses dollar peg
Tron’s USDD stablecoin has lost its peg as its price dipped to $0.97, sparking fears of another UST collapse. The Tron-based algorithmic stablecoin launched on May 5, and its market cap currently stan...
Tron-backed USDD loses dollar parity as stablecoin dips below $0.97
Tron’s algorithmic stablecoin called Decentralized USD, known by its ticker USDD, slipped further from its supposed parity with the US dollar earlier today. USDD dropped to slightly below ...
Tron’s Stablecoin USDD Records a 6-Month Low – Is USTC 2.0 Underway?
After Terra’s UST, Tron’s stablecoin depegs massively which may be an aftermath of the collapse of a popular exchange FTX USDN appears to be in deep trouble as the aftermath of the collapse has heated...