Tron’s stablecoin, USDD, has slumped as low as $0.98, losing stability that should have been pegged to $1. Tron’s native token, TRX, has lost 17% in the last 24-hour period. Here are the developments…
Making a statement after USDD lost its stability, Trondaoreserve said that to maintain USDD stability. $700 million USDC announced their acquisition. In addition, the institution determines that the collateralization rate to 300% Said he got it.
Tron founder Justin Sun said on Twitter that taking a short position on Binance is now With an annual interest rate of 500% He stated that he has given funding and that Trondaoreserve is trying to save this situation. $2 billion spent he said he would.
It is thought that USDD can be kept stable very easily since your value is still small in the market.
TRON founder Justin Sun, Monday, June 6 with his day USDDof now TRON DAOof Bitcoin (BTC), Tron (TRX) and Tether (USDT) had confirmed that it was backed by its reserves. With a recent announcement minimum 130% coverage promised and about the rate of guarantee TRON DAOHe said that real-time updates will be published on the ‘s website.
Originally designed to have limited reserves and be algorithmically pegged to the dollar USDDCurrently, according to TRON DAO data 300%by a ratio ofoversecured” is in the situation.