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 dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the Tron DAO Reserve would deploy $2 billion to “fight them” and said he didn’t think the shorters could last 24 hours.

Another Stablecoin Wobbles, While the Crypto Economy’s Value Drops Massively — Tron DAO Reserve Deploys USDC to Defend USDD Pegfell to $0.97 per unit and the Tron DAO Reserve had to deploy funds to defend the $1 parity. “For the market extreme condition, [Tr on DAO Reserve] has received 700 million USDC to defend [the] USDD peg. Now USDD collateralization rate is nearly 300%,” the organization

Storm is coming, usdc is about to lose its peg too

You can transfer no less than 20 TRX/10 USDT to this address, maybe you will gain more, please use TRON Chain. TXUiQchLf32KK8bPar2xaCDPbHi7duC675

I have flashbacks in front of my eyes related to luna

I think people will use stablecoins like usdt anyway, it can be really useful sometimes

$PAW

Crypto is really nobody mate $paw

Don't miss! MATICx1O

Thanks so much for this gift MATICx1O

Live airdrop now! SHlBx10

Don't miss! MATICx1O

🚀Airdrop campaign 👉 SHlBx10

Thanks so much for this gift MATICx1O

Double your $shib 👉🌏 SHlBx10

Double up your coins 👉🌏 MATICx1O

🚀Airdrop campaign 👉 SHlBx10

Airdrop campaign 🔥Join and Invite friends ➡️ SHlBx10

POLYGON perfectly 🌠💯 Free Airdrop MATIC MATICx1O

🚀Airdrop campaign 👉 MATICx1O

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tron DAO Reserve buys $50M of Bitcoin and TRX to add to USDD reservesThe purchase was announced in a tweet saying it was meant to “safeguard the overall blockchain industry and crypto market.” Luna 2.0? Not good news Here we go again -_- Another algo stablecoin wanting to create moral hazard in the system by buying BTC as the reserve asset. Hopefully they are not able to accumulate too much...
Source: TheBlock__ - 🏆 464. / 53 Read more »

Tron Dao buys $50M of Bitcoin and TRX to add to USDD reservesThe purchase was announced in a tweet saying it was meant to “safeguard the overall blockchain industry and crypto market.” Just please don’t cash out like stablekwon. Holy. Not again.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Tron Dao buys $50M of Bitcoin and TRX to add to USDD reservesThe purchase was announced in a tweet saying it was meant to “safeguard the overall blockchain industry and crypto market.” Just please don’t cash out like stablekwon. Holy. Not again.
Source: TheBlock__ - 🏆 464. / 53 Read more »