USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged – Bitcoin News

Since June 12, 2022, the Tron based stablecoin USDD has remained below a U.S. dollar in value and it hit a low of $0.928 per unit on June 19.

USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged

Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the Tron DAO Reserve says the stablecoin has not depegged in a Twitter thread that discusses a combination of an “on-chain mechanism [and] collateralized assets.”has been trading for lower than a U.S.

To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve have purchased 10,000,000

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