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Benzinga
Benzinga
Business
Shiv Juneja

Tron's Stablecoin USDD Remains Below $1 For 1 Week As Investor Uncertainty Grows

Tron Crypto

USDD (CRYPTO: USDD), Tron’s stablecoin, has failed to maintain its $1 peg for the past week, floating between 92 and 98 cents. 

What Happened: USDD acts as an algorithmic stablecoin that in the past month has been collateralized with reserves worth $2.35 billion, constituting Bitcoin (CRYPTO: BTC), Tron (CRYPTO: TRX) and Tether (CRYPTO: USDT), holding a collateral ratio of 324.97%.

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