Tron’s stablecoin peg to dollar wobbles
The Tron network’s stablecoin, USDD, lost its peg to the U.S. dollar on Monday, dipping to as low as 91 cents.
According to the official TronDAO website, USDD’s collateral stands at $2 billion, while USDD’s supply in circulation is $723 million, suggesting that it holds enough capital to prop up the stablecoin by using reserves to buy USDD.