USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg

by Aurelia Butler 13 June 2022, 12:20 119 Views

Stablecoin protocol USDD’s price dipped to $0.97 on major crypto trading platforms on Monday. Because of this, the market started to keep an eye on the project with fears that the project will follow the footsteps of Terra (LUNA). CurveSwaps, a bot that monitors large asset transfers flagged that $1 million USDD was recently swapped to 997,339 Tether (USDT).

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Source: Cryptocurrency - investing.com

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USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg

Huge sell-off rocks Treasury markets, yield curve inverts

ECB's Kazimir: we need to raise rates by 50 bps in September

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