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USDD is trading at a discount to USDT, putting its peg in question once again. Justin Sun chips in.

Tron (TRX) founder Justin Sun says the Tron DAO Reserve will deploy $2 billion to defend the Decentralized USD (USDD) peg. Sun recently unveiled his plan to keep TRX and stablecoin USDD from collapsing amid the sustained sell-off in the crypto markets. “[Tron DAO Reserve] will deploy $2 billion USD to fight them. I don't […] The post Tron Founder Justin Sun Announces Plan To Deploy $2,000,000,000 To Defend USDD Peg As Crypto Markets Plummet appeared first on The Daily Hodl.

Amid Monday's crypto market crash, Tron's stablecoin USDD lost its dollar peg, slipping to lows of $0.9764.

The TRON DAO Reserve has deployed $2 billion to fight TRX short sellers—but faith in the nascent stablecoin appears to be waning. 

The USDD stablecoin slipped further from its peg to the dollar on Tuesday in a sign of ongoing stress in crypto markets. The post Tron's algorithmic stablecoin slips further from its dollar peg appeared first on The Block.

Tron's stablecoin, the USDD, is de-pegging since yesterday. The current price is around $0.979.

Tron's algorithmic stablecoin, USDD, has raised fears and speculations in the crypto market after its price dipped to $0.97 and lost its peg to the dollar. The post Fears of another Terra-UST implosion simmer as Tron's USDD stablecoin loses dollar peg appeared first on CryptoSlate.

The emerging cryptocurrency took a fatal hit today after Tron [TRX] lost the peg for its stablecoin USDD. Consequently, following the depegging, the altcoin began freefalling as well, and at the time of writing, the cryptocurrency was trading at $0.06, almost 18% below its opening price.

After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron's founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the Tron DAO Reserve would deploy […]

TRON (TRX) founder Justin Sun has come out in defense of the network stablecoin, USDD. The digital asset began deppeging from the U.S. dollar value and hinted at another catastrophic event in the crypto market, like the one experienced by Terra (LUNA) and its native stablecoin UST.

The funding rate of shorting TRX has fallen to -500%.

The price to short the Tron blockchain's native token TRX reached as high as 500% annually on crypto exchange Binance today, as traders rush to place bets that the token will fall further.

Coinspeaker Tron Adds $50M Worth of Bitcoin and TRX to Its USDD Reserves

Justin Sun prepares $2 billion to strke back after attack on Tron DAO

Despite initially outperforming amid the recent crash, TRON (TRX) prices have dropped by over 16% in the last 24 hours. In order to defend and build support, Justin Sun, TRON head has planned to deploy over $2 billion.

Tron founder Justin Sun prepares $2 billion cash injection to fight TRX short traders.

The project had been preparing for potential market turbulence following the collapse of Terra. The post Tron deploys $2 billion from reserves to guard against shorts appeared first on The Block.

The current state of the cryptocurrency market can be best described as a frenzy, with tokens surviving with bare minimum price movements. However, that doesn't seem to be the case with Tron [TRX], especially as the altcoin has decided to move at the speed of light.

Tron DAO Reserve announced through Twitter that it bought $50 million worth of Bitcoin and Tron (TRX) to "safeguard the overall blockchain industry and crypto market."

The purchase was announced in a tweet saying it was meant to “safeguard the overall blockchain industry and crypto market.” The post Tron Dao buys $50M of Bitcoin and TRX to add to USDD reserves appeared first on The Block.

Key takeaways: Tron DAO Reserve has announced that it has purchased Bitcoin and TRX worth $50 million to add to USDD's reserves. USDD is currently overcollateralized to the tune of 197%.

Terra's collapse boosted activity on Ethereum and BNB Chain. But Tron is also getting a boost from its algorithmic stablecoin that resembles.

At the moment, TRON (TRX) is positioned rather comfortably when comparing it to the rest of the altcoins.

This has elicited amusing reactions from market participants, like TRON founder Justin Sun