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On Monday, June 13, Tron's algorithmic stablecoin USDD briefly lost its peg to the US dollar and dropped to $0.97. Half-hour USDD/USD chart of the Poloniex exchange. Data: Trading View. The decoupling occurred against the background of the collapse of the cryptocurrency market. At the time of...
In May, the Tron blockchain issued its USDD algo stablecoin. At present, the team is looking to modify the coin, adding collateral and enhancing transparency to avoid the scenario that the Terra ecosystem faced. Data from the Tron DAO Reserve website displays, the reserve account now holds 13,040.6...
Tron blockchain’s dollar-pegged stablecoin USDD (decentralized USD) went live on May 5. USDD is in circulation and operates on Tron, BNB Chain, and Ethereum. An official guide on USDD mining published by the project says that USDD starts the Stablecoin 3.0 era on Tron. The Tron community has been...
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