Justin Sun will allocate $2 billion to secure USDD

12.05.2022 09:36
by Nina Petrov
1 min read

Justin Sun will allocate $2 billion to secure USDD

Justin Sun saw signs of an impending attack on the algorithmic stablecoin USDD launched on the Tron network in May.

The head of the Tron Foundation has promised to allocate $2 billion through the TRON DAO Reserve to prevent USDD from losing its peg to the US dollar, as happened with Terra USD (UST).

Recall that the stablecoin UST fell to $0.5. At the time of writing, UST is trading around $0.5.

Author

  • Nina Petrov is a theoretical mathematician, passionate about new trends in the global economy and blockchain technology. She is a devoted content creator and editor, crypto-enthusiast and stock market analyst.

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