BREAKING NEWS

11.August 2022

Tron’s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit

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Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO Reserve has deployed more tron tokens and USDC to defend the peg and the DAO’s reserve web page shows the coin is overcollaterized by 314% at the time of writing.

At the time of writing, USDD is swapping for $0.974 per unit, but it has not been able to surpass $0.987 during the past 24 hours.

What do you think about Tron’s USDD falling to $0.95 on Wednesday? Let us know what you think about this subject in the comments section below.

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