Terra CEO Do Kwon’after Justin SunA precautionary plan came from .
Expressing his concerns that USDT may be the next target after the epic drop in Terra and UST, Sun assured him that he plans to allocate $2 billion to combat potential attacks against TRX and USDD.
Terra, which has become the main topic of the market since last week, and two local cryptocurrencies, LUNA and UST, continue to be discussed.
The collapse of UST, a stablecoin that should be pegged 1:1 with the USD, has alarmed the markets.
Sun Might Be Right in His Worries!
In a record decline, Luna lost nearly 98% of its value in less than a week.
All these events worried Justin Sun, the owner of the TRON and USDD project. After all, Sun has some justification in this concern, as both are algorithmic.
Sun, who has reservations that his project may be the next target, assured that he plans to distribute $2 billion to avoid this.
#USDD remains very stable in today’s market volatility. Current the total cap of #USDD is $271 million and total reserve in @trondaoreserve is $10 billion. pic.twitter.com/c9wwbBGsJx
— HE Justin Sun 🅣🌞🇬🇩 (@justinsuntron) May 11, 2022
Sun also noted that the USDD (unlike UST) has remained “very stable” amid the latest market volatility. Additionally, he stated that the total market cap of USDD is $271 million, while the TRON DAO Reserve holds $10 billion.