The dip to $0.97 follows Monday’s deviation from the parity and comes after the Tron DAO Reserve deployed millions in USDC to defend the peg. TRON USDD
is also held by the reserve and 500 million USDC is also recorded in the Tron DAO reserve ledger. The Tron DAO reserve stats show that other stablecoins are collateralized by 100% reserves and DAI is overcollateralized by 120%. The website highlights that USDD is a lot more collateralized than the other stablecoins showcased.
55 billion which means Justlend’s dominance today is 51.86%. Justlend still saw a TVL increase of over 33% during the last 30 days despite the recent market carnage. With USDD hitting a low of $0.974, a $100 investment would only equate to $97.40.another 500 million USDC to defend the peg, bringing the collateral backing up to 310% by 8:40 a.m. on Tuesday morning. “For the current market extreme condition, [the Tron DAO Reserve] has received another 500 million USDC to defend USDD peg.