https://thedefiant.io/tron-stablecoin-trouble-usdd/
The supposedly stablecoin algorithm TronUSDD stablecoin lost its peg to the USD amid market turmoil, despite recent moves to over-collateralize tokens from the Tron DAO.
USDD is Tron's answer to Terra's infamous algorithm stablecoin Luna-backed UST which imploded, and USDD is similarly also exchangeable for Tron's native network token, TRX.
According to CoinGecko, USDD tokens are currently exchanged for $0.98,while TRX has also dropped more than 25% in 12 hours, raising concerns that the token may be in danger of death spiral.
Are you a USDD or Tron owner? Watch out for the danger of death spiral!!
