HomeAltcoinsTron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis

Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis

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Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis

The USDD liquidity pool on the decentralized finance protocol Curve, where users can trade USDD for other stablecoins such as USDT, USDC and DAI, is heavily imbalanced, with USDD accounting for almost 80% of assets in the pool. This imbalance suggests that more investors want to sell USDD than buy, putting downward pressure on USDD’s price. The USDD exchange rate for other stablecoins was most recently around 98.5 cents.

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