TRON’s USDD Stablecoin Losing Peg as TRX Price Slumps

The unfortunate tales of algorithmic stablecoins losing their pegs continue. This time, it’s TRON’s USDD that’s in the spotlight, trading at 2% below dollar parity. Following the UST-Terra fiasco, another algorithmic stablecoin seems to be at risk of losing its peg. The case in point is USDD which runs on TRON’s blockchain and is using a similar algorithm to UST, but it’s tied to TRX.