TRON surges by 23% as people have started to believe that over-collateralization can safeguard against USDD depeg. Do people still have faith in an algorithmic stablecoin? Check out this story. TRON (...
Tag: USDD
TRON Price On The Up As Risk Of USDD Depegging Falters
– Advertisement – Tron Price is showing that the USDD depegging pressure is releasing. Today, the price of Tron (TRX) is breaking bears and watching them exit the market as bulls knock o...
Crypto Sleuth Warns That Justin Sun’s USDD Is Following Path of Terra’s UST
Self-proclaimed Internet detective, Cofeezilla has said Justin Sun’s new algorithmic stablecoin, USDD, is towing the path of becoming the next LUNA/UST. In a Twitter thread and YouTube video, he said ...
YouTube investigator suggests Justin Sun’s USDD could be a Ponzi scheme
Pump and dump scams and Ponzi schemes are becoming more commonplace as the cryptocurrency industry continues to expand and digital assets gain greater popularity. Notably, a new stablecoin called USD...
Justin Sun To Dump On USDD Investors, YouTuber Alleges
As USDD continues to perform below the $1 peg, there is talk of whether or not any risk is involved for the investors. After losing the dollar peg on June 13, Justin Sun USDD has since then fallen to ...
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...
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged – Bitcoin News
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June...
Tron (TRX) Falls by More Than 35% After USDD De-Peg
Tron (TRX) has been decreasing since the end of May, having fallen by 35% so far. It is possible that the decrease is occurring as a result of the de-pegging of USDD, even though the Tron DAO withdrew...
TRON DAO Reserve Buys 10M USDD In An Effort To Stop Its Stablecoin From Depegging
– Advertisement – TRON DAO Reserve acquired 10m of TRON stable coin USDD to protect the blockchain and crypto industry. Justin Sun and the TRON DAO Reserve have just announced that they ...
USDD Crash To New Lows, Justin Sun’s Revival Plans Continue To Fail
Last week, the Tron ecosystem suffered a huge setback when the USDD stablecoin lost its $1 peg. This caused traders to be concerned, as USDD was released last month as a competitor to Terra’s UST, an ...
Not So Stable Stablecoins – USDD Hits All Time Low
19 seconds ago | 2 mins read Altcoin News The stablecoins are going low and belong to their peg. The market cap of stablecoin as of now is above $150 billion. The stablecoins in the cryptomarket are i...
As USDD Depeg Deepens, What Is Justin Sun’s Plan?
The Tron ecosystem had a major blow last week when the USDD stablecoin lost its $1 peg. This led to concerns among traders as USDD was launched last month as a rival to Terra’s UST, an algorithmic sta...
Fox Journalist: Investors Think Tron (TRX) And USDD Could Crash Like Luna And UST
– Advertisement – Fox journalist says crypto investors have had their eyes on TRX and USDD since the Stablecoin de-pegged. It’s a rough week for the Tron community as their favorite Stab...
Tron Price Shoots Up 24% As USDD Keeps Declining
From the beginning of this week, the cryptocurrency market has fallen precipitously. While the market is showing signs of improvement, losses are still being felt, with projects such as the USDD stabl...
No, USDD Is Not De-pegged Below $0.97, Tron DAO Insists
Vladislav Sopov TronDAO representatives made things clear, as USDD price on exchanges is plummeting again Contents No, USDD is not de-pegged Collaborations with CEXes and DEXes are in sight TronDAO sh...
TronDAO Injects $300 Million in USDC to Reserves; USDD Still De-Pegged
Vladislav Sopov Tron’s USD-pegged stablecoin USDD might be the most “over-collateralized” asset right now Contents With another $300 million in USDC, TronDAO’s collateral rate ...
Tron Now Ranks Second Only To Ethereum! Will USDD Reclaim $1?
The coin market has been sailing through treacherous conditions and torrential woes. While most cryptocurrencies have faced the wrath of turbulence. Stablecoins seem to have performed better and are...
TronDAO Project Infuses $300M In USDD Reserves, No Effect On USDD De-Peg Yet
TronDAO takes a move to expand liquidity into the reserve pool to power USDD, its newly introduced stablecoin. And seemingly, its collateral rate has surged by nearly 60% since its launch. TronDAO rec...
USDD Is Still Less Than $1, 3 Billion TRX Bought Back Yesterday
Justin Sun is trying, for the fifth day, to restore the USDD/USD peg. Recall that the devaluation of the algorithmic stablecoin occurred at the very beginning of the week, when the price of USDD fell ...
More USDC reserves added for USDD
USDD, the algorithmic stablecoin on Tron, has received an additional 300 million USDC to use as reserves. @trondaoreserve has received another 300 million USDC as reserve. Current USDD collateralizati...
USDD Still De-pegged Despite Tron DAO Reserve Injecting Billions Into It – Is This The End?
– Advertisement – Tron’s USDD Stablecoin is still below the desired 1:1 ratio with the USD despite Justin Sun trying to stabilize it. A few days ago, Tron’s stablecoin, USDD, experienced...
TRON Increases Reserves As USDD Stays De-pegged
TRON DAO has increased its stablecoin reserves to safeguard the blockchain as the USDD continued to trade below its peg. The reserve increased its supply of USDC tokens by 300 million on the blockcha...
TRON DAO to Withdraw Another 3 Billion TRX to Protect USDD Peg
The TRON DAO Reserve has withdrawn another three billion TRX to protect the peg of its USDD stablecoin. It withdrew $2 billion a few days ago, which highlights the stress the market is having on stabl...
Tether: With UST gone and USDD struggling, is USDT next in line
With UST mixed into the dust and USDD struggling to keep up; could Tether be the next in line for the stablecoin massacre? The crypto market volatility has ramped up pressure on stablecoins recently a...
TRON DAO Reserve withdraws TRX from Binance as USDD depegs further
The TRON DAO Reserve has announced plans to withdraw 2.5 billion TRX from the Binance cryptocurrency exchange. The withdrawal has been done to maintain TRX’s value and make it hard for sellers to shor...
Tron DAO Withdraws Further 3 Billion TRX Totaling 5.5 Billion In 24 Hours To Protect TRX and USDD
– Advertisement – TronDAO To Withdraw A Further 3 Billion TRX From Exchanges, Making A Total Of 5.5 Billion TRX Withdrawn Since USDD Experienced A De-Peg. TronDAO Reserve has been withdraw...
TRON DAO Reserve to Withdraw Another 3 Billion TRX to Protect USDD Peg
TRON DAO Reserve is prepared to withdraw another 3 billion TRX tokens from a centralized exchange and a decentralized finance (DeFi) lending protocol as part of efforts to prevent a similar occurrence...
Justin Sun’s Revival Plan To Save USDD From De-Pegging!
Despite recent efforts by the Tron DAO to overcollateralize the token, Tron’s algorithmic stablecoin USDD appears to be in crisis. During market turbulence, the theoretically stable USDD token lost it...
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 DAO Reserve pulls 2.5 billion TRX from Binance as USDD slips further from peg
The Tron DAO Reserve plans to withdraw 2.5 billion tron (TRX) tokens, worth about $125 million, from the Binance exchange as it attempts to prop up the price of its USDD stablecoin against the US doll...
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...