Tron’s stablecoin USDD loses dollar peg on suspected selloff by Alameda Research

by Aurelia Butler 10 November 2022, 12:00 159 Views

But it was not enough to keep USDD’s price anchored to $1 on Nov. 8 when some whales dumped over 11 million USDD tokens to seek exposure in rival stablecoins Tether (USDT) and USD Coin (USDC). A day later, USDD’s price fell to as low as $0.96, followed by a modest recovery to $0.98 on Nov. 10.

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Source: Cryptocurrency - investing.com

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Tron’s stablecoin USDD loses dollar peg on suspected selloff by Alameda Research

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