• About Us
  • Careers
  • Contact
No Result
View All Result
Saturday, July 12, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Markets

Tron’s Algorithmic Stablecoin, USDD Falls Below the 1:1 Dollar Peg

13 December 2022
in Markets
Reading Time: 3 mins read
106 2
Tron’s Algorithmic Stablecoin, USDD Falls Below the 1:1 Dollar Peg

image source: supercryptonews.com

Reacting to the collapse of FTX, the third-largest cryptocurrency exchange in the world, the crypto market took a downturn, with the majority of the tokens trading in the red. Stablecoins were not left out in the bloodbath; most stablecoins failed to maintain the 1:1 dollar peg, falling by 0.2% to 0.4%. Some did, however, recover their original pegs.  

USDD, Tron’s algorithmic stablecoin, has failed to recover its peg. The token has been trading below the 1:1 dollar peg since the FTX crash. USDD, backed by TRX, is currently at its lowest since June 2022, according to CoinMarketCap. It serves as the Tron DAO’s reserve currency. 

Users are concerned about the USDD stablecoin’s failure to regain its 1:1 dollar peg.

source: coinmarketcap.com

The cryptocurrency community on Twitter has expressed concern about USDD’s delayed dollar peg recovery, hoping another crash similar to Terra-Luna’s will not occur. 

Eloisa Marchesoni stated on Twitter that Alameda FTX’s trading firm was one of the nine members of the DAO tasked with maintaining the peg for the algorithmic token. She also disclosed that a majority of other members are in bad shape, either sourcing for liquidity or laying off staff members. 

Justin Sun has announced his plans to pump more capital into the token. He also said the token has a collateral ratio of 200% and that assets worth $1.45 billion safeguard the token dollar peg. USDD is currently trading at $0.9774, with an increase of 0.76% in the past 24 hours, according to CoinMarketCap. 

 

If you would like to read more market analysis like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share63Tweet39Share11
Mopelola Ibitola

Mopelola Ibitola

Related Posts

Your Weekend Crypto Roundup | July 2025 (Week 2)
Markets

Your Weekend Crypto Roundup | July 2025 (Week 2)

11 July 2025
source: loudr.io
DeFi

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

8 July 2025
Is Ethereum Losing the Yield Battle?
Ethereum

Is Ethereum Losing the Yield Battle?

8 July 2025
source: coindesk.com
Blockchain

Dubai Greenlights Region’s First Tokenized Money Market Fund, Pioneering Real-World Asset Digitization

8 July 2025

Featured Posts

Is Code Law? The Legal and Moral Implications of Smart Contracts

Is Code Law? The Legal and Moral Implications of Smart Contracts

byFaari Labinjo
24 June 2025
0

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

byFaari Labinjo
7 June 2025
0

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

byOlayinka Sodiq
3 June 2025
0

What Is a Bull Trap?

What Is a Bull Trap?

byOlajumoke Oyaleke
3 June 2025
0

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

byOlayinka Sodiq
3 June 2025
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

Your Weekend Crypto Roundup | July 2025 (Week 2)

17 hours ago

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

4 days ago

Is Ethereum Losing the Yield Battle?

4 days ago

Dubai Greenlights Region’s First Tokenized Money Market Fund, Pioneering Real-World Asset Digitization

4 days ago

BRICS Digital Currencies & Their Threat to USD-Denominated Stablecoins

7 days ago

The U.S. Crypto Regulatory Pivot: How the FIT21 Bill & ETF Greenlights Are Reshaping Global Policy

7 days ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

MultiBank Group Confirms $MBG Token TGE Set for July 22, 2025

bychainwire
11 July 2025
0

PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture with Decentralized Finance Ecosystem

bychainwire
10 July 2025
0

$MBG Token Pre-Sale Set for July 15 — Only 7 million Tokens Available at $0.35

bychainwire
10 July 2025
0

NovaEx Launches with a Security-First Crypto Trading Platform Offering Deep Liquidity and Institutional-Grade Infrastructure

bychainwire
10 July 2025
0

Threshold Network’s tBTC is Now live on Sui: Ushering in a new era for Bitcoin DeFi

bychainwire
9 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00