Tron DAO adds $300 million in $USDC to trondaoreserve
Upon launch on June 5, 2022, USDD creators claimed that the stablecoin went live with a collateral rate of 200%. Its documentation guarantees a minimum collateral rate of 130%.Alongside that, despite the USDD de-peg, the APY on the USDD/USDT pair in the Sun.io protocol almost reached 50%. This is almost 150% higher than Anchor Protocol had offered before its collapse.This accelerated liquidity injection spree, however, is still failing to recover the USDD peg to the price of the U.S. Dollar.
As covered by U.Today previously, H.E. Justin Sun and TronDAO are protecting the USDD design from attacks for the fifth day in a row. The stablecoin de-pegged on June 13, 2022, only eight days after its mainnet release.
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