Tron-based stablecoin USDD fell below $1 parity in the first week of 2023 and again on January 10th. Four days ago, the stablecoin fell to $0.972 per unit and on Tuesday, January 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the stablecoin issued by Tron is trading at 98 cents per coin. USDD stablecoin drops to 97 cents per token There were slight fluctuations in the USDD price at the beginning of the new year, as the stablecoin fell a few times in 2023...
Tron-based stablecoin USDD fell below $1 parity in the first week of 2023 and again on January 10th. Four days ago, the stablecoin fell to $0.972 per unit and on Tuesday, January 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the stablecoin issued by Tron is trading at 98 cents per coin.
There were slight fluctuations USDD price at the start of the new year, as the stablecoin has fallen into the 97 cent range a few times in 2023. After Terra's stablecoin depegging event in May 2022 USDD started easy to slip below the $1 mark, causing concern in the crypto industry. A number of other stablecoins looked similar Deviations. On June 19, 2022, USDD hit a low of 92.8 cents per unit but the stablecoin managed to regain the $1 peg and traded between 98 cents and 99 cents per unit.
In mid-December 2022, USDD moved away from the $1 parity, and Tron's Justin Sun said that the team deployed more capital. USDD has experienced fluctuations in value since December 11, 2022, reaching a low of $0.971 on December 13, 2022, according to statistics from coingecko.com. A similar incident occurred last week when USDD price fell to $0.972 per unit on January 6, 2023. The charts show that USDD's action four days later on Tuesday, January 10, 2023 suggests that the stablecoin fell to a low of $0.977 per unit during the last 24 hours.
According to the project Tron DAO reserve page USDD is overcollateralized by 202.41% compared to projects like DAI which is 120%, and USDT and USDC at 100%. USDD is currently the eighth-largest stablecoin by market cap, which stands at $710.03 million at the time of writing on Tuesday 4:00 p.m. Eastern Time. The number of USDD in circulation is higher at 725,332,035.
Currently, the global USDD trading volume in the last 24 hours is about $33.44 million. Since USDD is trading at 97 cents at one point, this means that someone who owns 1,000 USDD can only receive about $970 in US dollars. Meanwhile the rest The ten best stablecoins on January 10, 2023, trading for USD values between $0.997 and $1. Statistics further show that USDD coins in circulation have grown by 0.8% in the last 30 days.
What do you think about the price fluctuations that USDD experienced in early 2023? Share your thoughts on this topic in the comments section below.
Photo credit: Shutterstock, Pixabay, WikiCommons
Suche
Mein Konto