Last month, algorithmic stablecoin UST lost its peg to the US dollar and collapsed along with the entire Terra (LUNA) ecosystem, wiping out $40 billion in crypto market capitalization. Prior to the UST meltdown, the Tron decentralized autonomous organization worked in conjunction with other blockchains to launch Decentralized USD, which bills itself as “over-collateralized decentralized stablecoin.” On Monday, USDD lost that peg, dropping to the $0.979 range. On this episode, we're taking a look at USDD & Tether vs. USDC.
#crypto #stablecoin #bitcoin
~Is Tron USDD The Next Terra UST? | Tether & USDC Stablecoin Analysis~
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