Trons USDD StableCoin experiences fluctuations again and falls under the $ 1 parity in early 2023

The StableCoin USDD, based on Tron, fell under the parity of $ 1 again in the first week of 2023 and on January 10th. Four days ago, the StableCoin fell to $ 0.972 per unit and on Tuesday, January 10, 2023, the USDD slipped to $ 0.977 per unit. At the time of writing this article, the stable coin issued by Tron is traded at 98 cents per piece.

USDD StableCoin drops to 97 cents per token

There were slight fluctuations USDD-Prize at the beginning of the new year, since the stablecoin fell into the 97-cent area a few times in 2023. According to Terras StableCoin-Depegging event in May 2022 USDD started easy to slide under der 1 dollar marking , which leads to concern in the crypto industry. A number of other stable coins Target = "_ blank" href = "https://news.bitcoin.com/stablecoin-usdn-trades-below-1-parity-for-in-a-a-row-taps-0-91-low-this-week/" Rel = "noopener"> deviations . On June 19, 2022, the USDD reached a low of 92.8 cents per unit but the Stablecoin managed to regain the $ 1 bond and acted between 98 cents and 99 cents per unit.

mid-December 2022 the USDD deviated from the $ 1 parity, and Justin Sun von Tron said that the team had used more capital. USDD has experienced fluctuations in value since December 11, 2022 and, according to Coingecko.com statistics, reached a low of $ 0.971 on December 13, 2022. A similar incident occurred last week when the USDD price fell to $ 0.972 per unit on January 6, 2023. The diagrams show that the action of the USDD four days later on Tuesday, January 10, 2023, indicates that the StableCoin fell to a low of $ 0.977 per unit over the last 24 hours.

According to the project tron ​​dao reserve page USDD is overlooked by 202.41 % compared to projects such as DAI, which is 120 %, and USDT and USDC at 100 %. USDD is currently the eight-largest stable coin after market capitalization, which at the time of writing on Tuesday, 4:00 p.m. Eastern Time, is $ 710.03 million. The number of USDD in circulation is 725,332,035 higher.

The global USDD trade volume is currently around $ 33.44 million in the last 24 hours. Since USDD is temporarily traded at 97 cents, this means that someone who owns USDD can only get around $ 970 in US dollars. Meanwhile, the rest The ten best stablecoins on January 10, 2023 are traded for USD values ​​between $ 0.997 and $ 1. Statistics also show that the USDD's coins in circulation have grown by 0.8 % in the past 30 days.

What do you think about the price fluctuations that the USDD experienced in early 2023? Share your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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