Tron's Algorithmic Stablecoin USDD Remains Depegged From the U | ⚡TGK Thunders ⚡

Tron's Algorithmic Stablecoin USDD Remains Depegged From the US Dollar

USDD is Still DepeggedTron's new stablecoin, USDD, depegged from the US dollar 6 days ago and still remains depegged at a price of $0.95.

USDD, short for "USD Digital," is an algorithmic stablecoin managed by the Tron Reserve DAO. This continuing problem for USDD has coincided with increased market volatility as Bitcoin rebounded from a $17,500 support level to back over $20,500 this weekend.

Tron is a Chinese-based blockchain with a supposed focus on "Decentralizing the web." The founder of Tron is Justin Sun, a non-programmer with good marketing skills.

https://coincontroversy.com/trons-algorithmic-stablecoin-usdd-remains-depegged-from-the-us-dollar/