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3232USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged
https://www.digit.info/usdd-continues-to-trade-for-under-1-tron-dao-reserve-insists-stablecoin-has-not-depegged/
Tue, 21 Jun 2022 05:30:25 +0000https://www.digit.info/2022/06/21/usdd-continues-to-trade-for-under-1-tron-dao-reserve-insists-stablecoin-has-not-depegged/Read more]]>Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the […]
]]>Tron’s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit
https://www.digit.info/trons-usdd-remains-below-the-1-parity-for-24-hours-token-hits-a-low-at-0-95-per-unit/
Wed, 15 Jun 2022 16:30:42 +0000https://www.digit.info/2022/06/15/trons-usdd-remains-below-the-1-parity-for-24-hours-token-hits-a-low-at-0-95-per-unit/Read more]]>Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC to defend the peg and the DAO’s reserve web page shows the coin is overcollaterized by 314% […]
]]>Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token
https://www.digit.info/despite-overcollateralized-reserve-trons-usdd-stablecoin-slips-to-0-974-per-token/
Tue, 14 Jun 2022 14:30:18 +0000https://www.digit.info/2022/06/14/despite-overcollateralized-reserve-trons-usdd-stablecoin-slips-to-0-974-per-token/Read more]]>Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows Monday’s deviation from the parity and comes after the Tron […]
]]>Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD
https://www.digit.info/tron-dao-reserve-purchases-38-million-in-trx-to-safeguard-the-stablecoin-usdd/
Sun, 08 May 2022 04:00:05 +0000https://www.digit.info/2022/05/08/tron-dao-reserve-purchases-38-million-in-trx-to-safeguard-the-stablecoin-usdd/Read more]]>On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve […]
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the […]
Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC to defend the peg and the DAO’s reserve web page shows the coin is overcollaterized by 314% […]
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows Monday’s deviation from the parity and comes after the Tron […]
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve […]