Tron-Based Stablecoin USDD Hits $1 Again First week of 2023 below parity and Jan 10. At the time of writing, Tron-issued stablecoins trade at 98 cents per coin.
USDD Stablecoin Drops to 97 Cents per Token
At the beginning of the new year,USDD’s price has seen a slight volatility. In 2023, it fell into the 97-cent range several times. After the Terra stablecoin de-pegging event in May 2022, the USDD began to slip slightly below the $1 peg, causing anxiety in the crypto industry. Similar deviations have been seen in many other stablecoins. On June 19, 2022, USDD hit a low of 92.8 cents per unit, but the stablecoin managed to regain its $1 peg, trading between 98 and 99 cents per unit.
Mid-December. In 2022, USDD will deviate from $1 parity, with Tron’s Justin Sun saying the team has put in more capital. According to statistics from coingecko.com, the value of USDD has been fluctuating since December 11, 2022, reaching a low of $0.971 on December 13, 2022. A similar instance occurred last week when the price of USDD dropped to $0.972 per unit on January 6, 2023. The chart shows USDD action four days later on Tuesday, January 10, 2023, showing the stablecoin falling to his low of $0.977. Per unit of the last 24 hours.
project’s Tron DAO reserve page, USDD is closed. – 120% DAI, 100% USDT and 202.41% collateralized compared to projects such as USDC. USDD is currently the 8th largest stablecoin by market cap. eastern time. The number of USDDs in circulation is 725,332,035.
Currently, his USDD trading volume in the world in the last 24 hours is around $33.44 million. USDD sometimes trades at 97 cents, so that means someone who owns 1,000 USDD will only get about $970 in US dollars. Meanwhile, the remaining top 10 stablecoins on January 10, 2023 are trading between $0.997 and $1 USD. According to statistics, USDD coins in circulation have increased by 0.8% in the last 30 days.
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