Tron's USDD algorithmic stablecoin slips further from its dollar peg By vishal4c
another $700 million worth of USD Coin , a centralized stablecoin issued by Circle, to defend its peg.
Still, the de-peg has sparked worries that USDD, which has a market capitalization of just over $700 million, may suffer from the same fate asUST collapsed in May, wiping more than $40 billion from investors' pockets and sending shockwaves through the crypto market., as bitcoin fell below $21,000 and lending platform Celsius was forced to stop clients redeeming funds from their accounts.
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