Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
\n$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
- Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
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See Related:<\/em><\/strong> USDD Algorithmic Stablecoin Remains Depegged After Two Days<\/a><\/p>\n","post_title":"TronDAO Claims USDD Is Not Depegged","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trondao-usdd-is-not-depegged","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/usdd-algorithmic-stablecoin-remains-depegged-after-two-days\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-30 21:34:07","post_modified_gmt":"2023-04-30 11:34:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
- Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
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- Despite the extreme market conditions, the reserve claims<\/a> that they have a very healthy balance sheet<\/a> with a collateralization rate of 320%. The reserve will be watching the market very closely and acting accordingly.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> USDD Algorithmic Stablecoin Remains Depegged After Two Days<\/a><\/p>\n","post_title":"TronDAO Claims USDD Is Not Depegged","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trondao-usdd-is-not-depegged","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/usdd-algorithmic-stablecoin-remains-depegged-after-two-days\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-30 21:34:07","post_modified_gmt":"2023-04-30 11:34:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
- Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
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- According to the reserve, the reason for trading below $1 comes from \"extreme market conditions\", where traders have been liquidated and large shorts on both TRX and USDD have been accumulated for profit.<\/li><\/ul>\n\n\n\n
- Despite the extreme market conditions, the reserve claims<\/a> that they have a very healthy balance sheet<\/a> with a collateralization rate of 320%. The reserve will be watching the market very closely and acting accordingly.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> USDD Algorithmic Stablecoin Remains Depegged After Two Days<\/a><\/p>\n","post_title":"TronDAO Claims USDD Is Not Depegged","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trondao-usdd-is-not-depegged","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/usdd-algorithmic-stablecoin-remains-depegged-after-two-days\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-30 21:34:07","post_modified_gmt":"2023-04-30 11:34:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
- Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n
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- The reserve states that with current market volatility, percentage changes of 3%-+ are an \"acceptable range\". Although with the current price of USDD, it is at a 3.27% decrease from its peg.<\/li><\/ul>\n\n\n\n
- According to the reserve, the reason for trading below $1 comes from \"extreme market conditions\", where traders have been liquidated and large shorts on both TRX and USDD have been accumulated for profit.<\/li><\/ul>\n\n\n\n
- Despite the extreme market conditions, the reserve claims<\/a> that they have a very healthy balance sheet<\/a> with a collateralization rate of 320%. The reserve will be watching the market very closely and acting accordingly.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> USDD Algorithmic Stablecoin Remains Depegged After Two Days<\/a><\/p>\n","post_title":"TronDAO Claims USDD Is Not Depegged","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trondao-usdd-is-not-depegged","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/usdd-algorithmic-stablecoin-remains-depegged-after-two-days\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-30 21:34:07","post_modified_gmt":"2023-04-30 11:34:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
\nUSDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
