Tron USDD To Warned As Unsafe, TRX Falling

USDD, Tron’s stablecoin, has now lost its peg in 6 days, raising concerns about its liquidity.
Tron USDD To Warned As Unsafe, TRX Falling 3

The collapse of FTX is increasingly evident as tokens such as SRM and SOL have also suffered heavy price losses. However, the loss of USDD’s peg is another case. Lookonchain data has warned that it is not secure.

The data analysis company also said that currently, the real collateral ratio is only 50%. That is, USDD will probably lose 50% of its value.

The data also shows that the USDC reserve in Tron DAO Reverse is only 442 million USDC. More than half of the previous 990 million USDC has “evaporated.”

At the time of writing, Tron has not made any announcements, and the price of TRX is currently falling sharply, if not considering the influence of FTX, TRX fluctuates only after SOL in the top 15 volume largest coins on the market. At the time of writing, TRX is trading at $0.5025.

USDD daily chart. Source: Coincu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

1 hour ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

2 hours ago

Dogecoin and Shiba Inu Approach $1, but All Eyes Are on XYZVerse’s Push to $10!

XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…

2 hours ago

Will Bitcoin Crash or Soar Past $105K in 2024?

Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…

3 hours ago

The Best Crypto for Passive Income? 10% Weekly Gains and 20% Final Surge—Qubetics Mirrors Cosmos’ Early Success!

There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…

3 hours ago

Cosmos Developer Interchain Foundation Sold 3000 ETH Today

Cosmos Developer Interchain Foundation sold 3000 ETH from its ICO today, totaling 21,600 ETH sold…

4 hours ago

This website uses cookies.