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3232Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital
https://www.digit.info/trons-stablecoin-usdd-deviates-from-the-1-peg-justin-sun-says-team-deployed-more-capital/
Mon, 12 Dec 2022 15:30:40 +0000https://www.digit.info/2022/12/12/trons-stablecoin-usdd-deviates-from-the-1-peg-justin-sun-says-team-deployed-more-capital/Read more]]>The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project is overcollateralized by 200.8% at the […]
]]>Tron’s USDD Regains Stability After Tapping an All-Time Low at $0.92
https://www.digit.info/trons-usdd-regains-stability-after-tapping-an-all-time-low-at-0-92/
Tue, 05 Jul 2022 11:30:53 +0000https://www.digit.info/2022/07/05/trons-usdd-regains-stability-after-tapping-an-all-time-low-at-0-92/Read more]]>Between June 13 and June 27, or roughly two weeks, Tron’s stablecoin USDD dropped lower than the $1 parity and slipped to a low of $0.928 per unit on June 19. During the past seven days, USDD has managed to jump back to the $0.98 to $0.99 region while reaching $1 on July 3. Tron’s […]
]]>Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
https://www.digit.info/trons-stablecoin-usdd-falls-to-0-97-usdc-deployed-to-defend-the-1-parity/
Mon, 13 Jun 2022 19:30:57 +0000https://www.digit.info/2022/06/13/trons-stablecoin-usdd-falls-to-0-97-usdc-deployed-to-defend-the-1-parity/Read more]]>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 (TRX) 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 […]
]]>DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization
https://www.digit.info/dai-takes-the-reigns-as-the-leading-decentralized-stablecoin-by-market-capitalization/
Sun, 29 May 2022 14:00:42 +0000https://www.digit.info/2022/05/29/dai-takes-the-reigns-as-the-leading-decentralized-stablecoin-by-market-capitalization/Read more]]>Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked (TVL). Makerdao’s DAI Regains the Top Decentralized Stablecoin Position This month, it’s quite […]
]]>Defi Losing Track of Its Core Vision as It Gradually Resembles the Very Idea It Aspired to Change
https://www.digit.info/defi-losing-track-of-its-core-vision-as-it-gradually-resembles-the-very-idea-it-aspired-to-change/
Mon, 01 Nov 2021 12:30:21 +0000https://www.digit.info/2021/11/01/defi-losing-track-of-its-core-vision-as-it-gradually-resembles-the-very-idea-it-aspired-to-change/Read more]]>As defi continues to expand, it risks embracing the very ideology it initially sought to reject as the primary beneficiaries of this new financing paradigm are those who already own digital assets. Replacing Intermediaries Doesn’t Directly Improve Finance When it comes to financial products and solutions, almost everything comes with a catch, be it exceptional […]
]]>Big Three Credit Agency Fitch Says Stablecoin Growth Could Be ‘Disruptive’ to Securities Markets
https://www.digit.info/big-three-credit-agency-fitch-says-stablecoin-growth-could-be-disruptive-to-securities-markets/
Mon, 18 Oct 2021 17:30:17 +0000https://www.digit.info/2021/10/18/big-three-credit-agency-fitch-says-stablecoin-growth-could-be-disruptive-to-securities-markets/Read more]]>American credit rating agency Fitch Ratings, one of the ‘Big Three’ credit rating agencies, has published a report that says stablecoin growth could affect securities and commercial paper (CP) markets. The agency says stablecoins could be “disruptive” and “stablecoin-related turbulence” could “transmit shocks” to other markets. Fitch Ratings: ‘Stablecoins Could Be Disruptive for CP Markets’ […]