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Justin Sun Adds Fund to USDD; Community Still Feels USDD is Unsafe By CoinEdition

© Reuters. Justin Sun Adds Fund to USDD; Community Still Feels USDD is Unsafe

  • USDD founder deployed nearly $1 million into the ailing USDD.
  • Crypto community still believes USDD is unsafe since it remains below the $1 peg.
  • The algorithmic stablecoin lost the $1 peg on November 9 and is yet to recover.

The Tron DAO algorithmic stablecoin USDD is yet to return to its $1 peg after slipping since November 9, 2022. Recently, Justin Sun, the Chinese founder of the Tron blockchain, deployed nearly one million dollars into the ailing USDD, assuring the crypto community that the stablecoin is in good condition with a 200% over-collateralized ratio.

Deploying more capital – steady lads https://t.co/55pra5wQMi https://t.co/CexyaBy2hx

— HE Justin Sun

The post Justin Sun Adds Fund to USDD; Community Still Feels USDD is Unsafe appeared first on Coin Edition.

See original on CoinEdition

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