Tron's Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange
Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks.
24H Price
The USDD price is $0.97924468, a change of -0.04% over the past 24 hours as of 2:24 p.m. The recent price action in USDD left the tokens market capitalization at $710.28M. So far this year, USDD has a change of -0.16%. USDD is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks.
The algorithmic decentralized stablecoin modeled after Terra's now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital asse...
Justin Sun speculated in a tweet that struggling trading firm Alameda might have started the deviation by selling its USDD holdings.
Tron's controversial founder said his stablecoin, USDD, will be the first to support the post-Merge Ethereum fork, on CoinDesk TV’s “First Mover.”
Runes and Ordinals ‘Artist’ Creator, Casey Rodarmor has just invented two of the most dramatically impactful protocols in the blockchain industry's history and embraces cryptocurrency's speculative and gambling nature. Read more...
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