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Uncategorized

Tron USDD To Warned As Unsafe, TRX Falling

November 14, 2022 - Around 2 mins mins to read
USDD, Tron’s stablecoin, has now lost its peg in 6 days, raising concerns about its liquidity.
Tron USDD To Warned As Unsafe, TRX Falling

The collapse of FTX is increasingly evident as tokens such as SRM and SOL have also suffered heavy price losses. However, the loss of USDD’s peg is another case. Lookonchain data has warned that it is not secure.

The data analysis company also said that currently, the real collateral ratio is only 50%. That is, USDD will probably lose 50% of its value.

The data also shows that the USDC reserve in Tron DAO Reverse is only 442 million USDC. More than half of the previous 990 million USDC has “evaporated.”

At the time of writing, Tron has not made any announcements, and the price of TRX is currently falling sharply, if not considering the influence of FTX, TRX fluctuates only after SOL in the top 15 volume largest coins on the market. At the time of writing, TRX is trading at $0.5025.

Tron USDD To Warned As Unsafe, TRX Falling
USDD daily chart. Source: Coincu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Uncategorized

Tron USDD To Warned As Unsafe, TRX Falling

USDD, Tron’s stablecoin, has now lost its peg in 6 days, raising concerns about its liquidity.
Tron USDD To Warned As Unsafe, TRX Falling

The collapse of FTX is increasingly evident as tokens such as SRM and SOL have also suffered heavy price losses. However, the loss of USDD’s peg is another case. Lookonchain data has warned that it is not secure.

The data analysis company also said that currently, the real collateral ratio is only 50%. That is, USDD will probably lose 50% of its value.

The data also shows that the USDC reserve in Tron DAO Reverse is only 442 million USDC. More than half of the previous 990 million USDC has “evaporated.”

At the time of writing, Tron has not made any announcements, and the price of TRX is currently falling sharply, if not considering the influence of FTX, TRX fluctuates only after SOL in the top 15 volume largest coins on the market. At the time of writing, TRX is trading at $0.5025.

Tron USDD To Warned As Unsafe, TRX Falling
USDD daily chart. Source: Coincu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

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