The stablecoin USDD, which belongs to the TRON (TRX) network founded by Justin Sun, which lost its stability with the FTX collapse last month, fell below $ 0.97, reaching its lowest level since June.
Functions as a stablecoin in the TRON ecosystem USDDthe lowest level since June your $0.97 fell below. However, this is not a first for USDD. The stablecoin’s value was previously reported in early June. for $0.91in August and November $0.95 had regressed.
According to data provided by CoinGecko, USDD, which has been below the $ 1 stability for about a month with the collapse of FTX, in the early hours of December 12. for $0.9695 It fell to its lowest level since June 22. Drop 3%because it is below Tron DAO (decentralized autonomous organization) was not defined as de-peg (destabilization).
TRON founder Justin Sun In order to alleviate the concerns, a tweet by sharing USDD announced that they will spend more capital to maintain its stability and 200% He stressed that he had a guarantee. According to this announcement, the total value of USDD $1.45 billion It is collateralized by the assets found. This sudden downturn is giving investors a second thought. Terra (Luna) case brought the possibility of occurrence. As it will be remembered, the Terra crash is the stablecoin of the network TerraUSD (UST) It started with the loss of stability.
On the other hand, USDD is a decentralized finance (DeFi) platform. Curve total on $34 million USDD/3CRV has a significant share in the liquidity pool and 83%forms part of