USDD Losing Peg is Alert For TRON

Yugocean

Valued Contributor
The USDD stablecoin has lost its stability, falling below 95 cents in value.

Since the collapse of the Terra Blockchain stablecoin UST, questions have been raised about the legitimacy of the stablecoins in the crypto world, with the volatility of USDD posing further problems.

USDD was issued by Justin Sun, the founder of Tron Blockchain, who has been called as "scammer" many times. With the fall of USDD, it is being speculated that now TRX will also lose its existence like Luna.

TRX is a cheap meme crypto based on the POS algorithm, so it is less prone to losses unlike Luna which vanished billions of dollars from crypto market; however, there is still a strong bear attack going on in the market, due to which no other estimate is being made.

If the fate of the Tron blockchain also happens to be the same as that of Terra, then there could be a downside in the crypto market.​
 
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