The last thing Justin Sun – founder of TRON – would like to see is the UST-Terra fiasco being repeated again on his stablecoin project USDD. The confident founder, who had vowed the lost peg of the st...
Tag: USDD
2.5 Billion TRX Removed from Binance by Tron to Prevent USDD De-Peg
In a recent tweet, TRON DAO Reserve, which manages stablecoin USDD, says it is withdrawing 2.5 billion TRX out of Binance to “safeguard the overall blockchain industry and crypto market.” ...
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 ...
Is UST 2.0 on the Horizon, USDD, USDN & USDT Face Major Hurdle
It is a known fact that the crypto space is now in the middle of a notable bear market which is yet to find its bottom. The star crypto, Bitcoin, currently appears struggling to restore the last line ...
Tron Collapses by 20% Daily as USDD Drifts Away From Peg
Tron lost its momentum over the weekend, and since then, it has crashed by over 40%. The cryptocurrency now struggles to find support. Key Support levels: $0.050, $0.040 Key Resistance levels: $0.057,...
TronDAO pulls 2.1B TRX from Binance to ‘safeguard crypto market’ as USDD depegg continues
? Want to work with us? CryptoSlate is hiring for a handful of positions! For the third consecutive day, Tron’s blockchain Decentralized USD (USDD) is trading for less than $1. According to data from ...
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...
TronDao To Withdraw 2.5B TRX From Binance, Will Justin Sun Be Able To Save Tron & Protect USDD From De-Pegging
– Advertisement – TronDAO Deploys More Collateral As USDD Stablecoin Is Increasingly Pressured To De-Peg and Tron (TRX) is feeling the heat of stable coin depegging. TRON and TronDao are t...
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...
Decoding the Possibility of USDD Dropping More, How Tron DAO Is Set To Protect
TRON’s freshly introduced USDD algorithmic stablecoin has already encountered difficulties. It wasn’t long ago that the crypto market saw the demise of a crypto asset. This crash was influenced by Ter...
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 Defends Ecosystem with Another $700 Million as USDD Stablecoin Drops Slightly Beneath $1
TRON DAO Reserve, which oversees stablecoin USDD, said that it had increased the 650 million USDC supply on Tron to a current $2.5 billion. It says it did this to “safeguard the overall blockcha...
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...
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...
South Korean Exchange Upbit Warns Users About Tron Fluctuation After USDD De-Peg
– Advertisement – South Korean crypto trading platforms are no longer taking chances after the Terra incident. A lot of lessons were learned following the de-peg of TerraUSD (UST), the al...
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...
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...
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...
Stablecoin Woes Return To Haunt Crypto As USDD Stumbles, Founder Moves To Assuage Fears
Could another algorithmic stablecoin be running into choppy waters? And was the Terra debacle just the tip of the iceberg? That is the question on the mind of market watchers as Tron’s newly launched ...
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 Stumbles and De-Pegs Just Months After Launch
TRON’s newly launched stablecoin (USDD) may be running into trouble just months after launch. USDD is facing its sternest test yet after the US-pegged stablecoin fell to just $0.9807 this morning at 0...
Tron Adds $50M Worth of Bitcoin and TRX to Its USDD Reserves
The Tron DAO Reserve will work towards offering strong support to USDD. Tron is one of the largest Decentralized Autonomous Organizations (DAO) in the world. USDD is the algorithmic stable coin manage...
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...
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...
Tron DAO Reserve buys $50M of Bitcoin and TRX to add to USDD reserves
Tron DAO Reserve, which manages algorithmic stablecoin USDD, said on Saturday that it had bought $50 million worth of Bitcoin (BTC) and Tron (TRX). The purchase was announced in a tweet saying it was ...
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...
USDD Depeg Causes 16% TRX Collapse, Justin Sun Ready to Cash in $2 Billion to Fight Back
Gamza Khanzadaev Justin Sun prepares $2 billion to strke back after attack on Tron DAO Monday, June 13, has turned out to be a collapse for the entire crypto world, but for Tron DAO, things somehow go...
TRON Deploys $700 Mln To Support USDD Stablecoin
Despite initially outperforming amid the recent crash, TRON (TRX) prices have dropped by over 16% in the last 24 hours. In order to defend and build support, Justin Sun, TRON head has planned to deplo...