6월부터 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. 월요일에, USDD had a 24-hour trading range of around $0.943 에게 $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 유닛 당. Despite being below the U.S. dollar parity, the Tron DAO Reserve says the stablecoin has not depegged in a Twitter thread that discusses a combination of an “on-chain mechanism [그리고] collateralized assets.”
USDD Trades Below $1 for an Entire Week
USDD has been trading for lower than a U.S. dollar for over a week and on Sunday, USDD tapped an all-time low at $0.928 유닛 당. The following day on Monday, the stablecoin has been exchanging hands for $0.966 at the time of writing, and it saw a 24-hour low at $0.943. USDD is the ninth-largest stablecoin by market capitalization, with approximately $696.28 million on Monday evening at 7:00 오후. (동부 표준시). The stablecoin has seen roughly $83 million in global trade volume and the top USDD exchanges on Monday include Kucoin, 후오비 글로벌, Poloniex, and Pancakeswap version two (V2).
— TRON DAO Reserve (@trondaoreserve) 유월 20, 2022
The Tron DAO Reserve account on Twitter has been announcing numerous crypto asset purchases to safeguard the crypto ecosystem. 월요일에, the Tron DAO Reserve revealed it added ten million USDC to “safeguard the overall blockchain industry and crypto market.” The Tron DAO Reserve web portal indicates that the stablecoin is overcollateralized by 324.35% at the time of writing at 7:20 오후. (동부 표준시). 그 때 당시, the website shows there is 1.080 billion USDC in the reserve, 140,013,886 밧줄 (USDT), 14,040.6 비트코인 (BTC), 그리고 10,874,566,176 트론 (TRX).
While the stablecoin has been trading for under $1 유닛 당, the Tron DAO Reserve’s official Twitter account says that the USDD crypto asset has not depegged. “Is USDD depegged?” the Twitter account recently 물었다. “No. USDD is a decentralized stablecoin that depends on an on-chain mechanism & collateralized assets, unlike centralized stablecoin e.x. USDC, which is attached to USD in a very close spread by banking mint and redemption.” Tron DAO Reserve said that a certain percentage of volatility is “unavoidable.” The USDD treasury organization 추가:
현재, the market volatility rate is within +- 3%, an acceptable range. We will watch the market very closely and act accordingly.
Tron DAO Reserve Says USDD Ecosystem Aims to Focus on Collaborations and Multichain Expansion
The Tron DAO Reserve also 논의 “massive short positions” that were betting against tron (TRX), the blockchain’s native crypto asset. USDD is not the only stablecoin in the crypto industry that has suffered from a certain percentage of volatility. The decentralized finance (데피) protocol Abracadabra’s stablecoin MIM briefly slid to $0.91 when bitcoin (BTC) slipped to $17,600 per unit two days ago. 그때부터, Abracadabra’s magic internet money (MIM) has jumped back to the $0.99 range.
뿐만 아니라, the stablecoin 중성미자 (USDN) has been volatile during the market carnage this past week. USDN is a stablecoin crafted by the Waves (파도) protocol in a smart contract and minting USDN involves collateralizing WAVES. Like MIM, USDN has managed to come back to the $0.99 range.
As far as USDD is concerned, the Tron DAO Reserve doesn’t seem to be sweating being below the $1 parity. Tron DAO Reserve noted in the recent Twitter thread that it aims to be the top dog of decentralized stablecoins. “We will focus on collaborations with different cefi/defi platforms and multichain expansion. We aim to offer the best decentralized stablecoin ever available in the market,” the Tron DAO Reserve’s Twitter thread concludes.
What do you think about the USDD market this past week? Do you agree with the Tron DAO Reserve’s explanation? 아래 의견 섹션에서 이 주제에 대해 어떻게 생각하는지 알려주십시오..
이미지 크레딧: 셔터스톡, Pixabay, 위키 커먼즈