Tron's USDD dips below 96 cents as stablecoin enters third day adrift By vishal4c
announcedTron’s Decentralized USD , an algorithmic stablecoin inspired by TerraUSD, entered its third day trading below $1 on Wednesday.accordingUSDD shares the same algorithmic model of mint and burn as the now-collapsed TerraUSD . Whenever the price of USDD is below a dollar, the system allows you to burn one USDD to mint $1 worth of tron, USDD’s sister token on the Tron blockchain.yesterday before another dip this morning., and is changing hands at $0.05.
Meanwhile, the Tron DAO Reserve, a body that exists to defend USDD's peg, has been acquiring assets to back up the stablecoin's value. It has bought
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