$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 $1.
- Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin $USTC depegged from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.
- The TronDAO had administered 700 million $USDC to defend the $USDD peg, leaving the reserve with a collateralization rate of almost 300%.