Reddit Posts
Arbitrums Governance token is scheduled to be airdropped on march 23rd, here is what you need to do if you're planning on selling yours.
Eight of the top 10 stablecoins by market cap lost their $1 peg today, with Tether and Binance USD being the only two that held their peg during this turmoil
Get your crypto off Binance now. The bromance between CZ and Tron’s Justin Sun is the last red flag
Just 3 dApps owned by Justin Sun own 99.9% of TVL on Tron network. Just a reminder that Justin controls everything on it.
Huobi's Market Share Crumbles Amid USDD Depeg
USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors
Crypto Community Believes USDD is Unsafe As Huobi Battles Crisis
Tron Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange
Tron’s USDD Crypto May Follow Terra Luna Into a Death Spiral
Algorithmic stablecoin Neutrino USD, which was just in the Top 60 just last week and once had a $1B market cap, has depegged to $0.60
Tron's USDD stablecoin falls to $0.97 as it loses dollar peg
USDD deppeged, repegged, got up and hi but I feel a little past fomo....
Tron's Justin Sun 'Deploying More Capital' to Stop Stablecoin USDD's Slide
Tron's USDD loses its peg, trades at $0.98
Tron's USDD Stablecoin Falls to Under $0.97, Lowest Level Since June
"Deploying more capital - steady lads" says Justin Sun on USDD
Tron's USDD Stablecoin Falls to Under $0.97, Lowest Level Since June
Tron's USDD's Price Stability Module not working?
Reverse-shill post: Which alt-coins in the top 100 I'm staying away from and why.
Justin Sun's Poloniex drops stablecoin support on BSC. This might be the start of another ego-fueled Crypto Founder War
[SERIOUS] 50% of Justin Sun's Huobi Reserves Are Made Up of HT and TRX Tokens That Are Centrally Controlled By Sun and Huobi
Alameda was one of 8 whitelisted by Justin Sun for TRX & USDD. Currently, USDD is losing its peg.
Now that the music has stopped - it's time to pay attention
After Do Kwon and SBF, Justin Sun (and TRX) might be the next one to watch out for
Tron’s stablecoin USDD loses dollar peg on suspected selloff by Alameda Research
TRON-Based USDD Stablecoin on Shaky Ground as It Depegs to $0.97
USDD may be in the early stages of Depegging
Justin can’t even keep USDD pegged what’s he going to do with Ftx? 🤡This just keep getting better
Remember USDD? its loosing its peg, again!
Huobi Has Delisted Their Own Token HUSD As It Depegged To $0.3205, Depegging For the Second Time This Year As Justin Sun Takes Over
There will be more stablecoins than world currencies by 2024!
USDD (US Digital Dollar) vs. private cryptocurrency (also looking for paid help making this website NOT Web1.0)
USDD (US Digital Dollar) vs. private cryptocurrency (also looking for paid help making this website NOT Web1.0)
USDD (US Digital Dollar) vs private cryptocurrency (also, could use help making this site not look like web 1.0...willing to pay, of course)
New Legislation Could End USDD & USN, Create Stablecoin Rush
Justin Sun: Why TRON-Powered Stablecoin $USDD Is Better Than ‘DAI, UST, and Other Stablecoins’
Is Tron's USDD the next UST? - CoinGecko x Justin Sun
HUSD Stablecoin Loses Dollar Peg and returned.
Justin Sun wants TRON DAO to buy 32.000 BTC. Sounds very similar to an other plan to back a crypto by Bitcoin...
Crypto Winter’s Next Victims
Top 100 scams/grifters/hacks of the 2019-2022 market cycle.
Who owns the Tron DAO reserve and where do they get their funding from?
Tron's USDD Regains Stability After Tapping an All-Time Low at $0.92 – Altcoins Bitcoin News
who is United States Centralized Dollar (USDD) crypto?
USDD/TRX...Then: "Was bound to happen", "Lack of knowledge and blind faith", "Where can I short this garbage", "No sympathy for those who get burnt by this". and Now: Crickets
YouTube Scam Investigator Casts Suspicion on TRON's USDD
According To A YouTube Investigation by Coffeezilla, Justin Sun’s USDD May Be A Ponzi Scam
Tron USDD or Near USN? Which algostable are you using and where are you farming them?
Help me trust my stablecoins
Please be aware and stop feeding on TRX/USDD situation, most likely a Justin Sun's master plan.
Please, stop feeding on TRX/USDD situation, most likely a Justin Sun's masteer plan.
Let's look at what USDD is and what is it backed by.
Tron’s USDD Stablecoin Still Hasn’t Recovered Its Dollar Peg For a Week Now.
TronDAO's 220 Million is Not What USDD Needs to Peg Back to Dollar
Tron's Algorithmic Stablecoin USDD Remains Depegged From the US Dollar
Tron's USDD Continues To Deviate From Its $1 Peg As Value Drifts Below $0.96
The absurdity of USDD and its weak fundamentals
Binance stablecoin BUSD dropped to 0.2 USD and got back on 6/13. As a community we need explanation, even more after Terra and USDD recent depegs.
TRON DAO Reserve to Withdraw Another 3 Billion TRX to Protect USDD Peg
The Ultimate Guide to USDD - Why it Can't Fail Currently
Tron’s USDD Stablecoin Faces Same Fate as Terra Luna’s UST
Tron's USDD Remains Below the $1 Stable price for over 24 Hours, Token Depegs to as low as $0.95
Tron’s Stablecoin USDD Slips its Peg as TRX Tumbles
Tron Collapses by 20% daily as USDD Drifts Away From Peg
Tron's USDD dips below 96 cents as stablecoin enters third day adrift
TronDao To Withdraw 2.5B TRX From Binance, Will Justin Sun Be Able To Save Tron & Protect USDD From De-Pegging
Tron DAO Reserve pulls 2.5 billion TRX from Binance as USDD slips further from peg
If i could turn back time… i would sell my UST when it was ,96. Now is 0,01. I lost 5400$. USDD is one more “stablecoin” that will go down.
What is the likelihood that Tron could collapse?
As USDD depegs, Justin Sun tweets the exact same words as Do Kwon before Terra collapsed
TRON’s Stablecoin USDD Loses Its Dollar Peg - The Crypto Times
The depeg of USDD continues and is getting worse - Be careful out there!
USDD is closer to a an overcollateralized stablecoin DAI rather than one of these fully unbacked degen coins like UST or Iron Bank
USDD is closer to a an overcollateralized stablecoin DAI rather than one of these fully unbacked degen coins like UST or Iron Bank
USDD is nowhere near UST's risk level. It is closer to DAI than a degenerate fully algo stable
TRON coin and its current potential predicament
Tron DAO Reserve adds another 500 million USDC to help USDD stablecoin peg
TRON’s USDD Stablecoin Still Below $1 Despite $2B Cash Injection
Tron's USDD Stablecoin Slips From Dollar Peg Amid Crypto Market Crash
USDD Collateralized Ratio May Have Been Miscalculated, Well below 200%+
Fears of another Terra-UST implosion simmer as Tron's USDD stablecoin loses dollar peg | CryptoSlate
TRX Price Drops Over 29% in Last 3 days, USDD Lost its Dollar Peg, $2B Injected to Fight Back
Fears of another Terra-UST implosion simmer as Tron's USDD stablecoin loses dollar peg
USDD Stumbles and De-Pegs Just Months After Launch
Another algorithmic stablecoin loses its peg as Tron’s USDD falls, with founder Justin Sun vowing to deploy $2 billion
Mentions
I thought USDD was a copy of LUNC. Should fall over as soon as someone could be bothered to poke it
Busd seems condemned since the Paxos case, Lunc still alive due to old glory days. Also I see a decline of Axie Infinity and I would like to see Shiba and Ape getting off the top 100. my wishlist of oblivion goes to: USDD
Maybe not directly short via Futures, but some exchanges have margin trading support for USDD (like Kucoin). So you can borrow USDD, convert for USDT, then wait until it drops so you can buy back in and repay the loan
If you have the money to keep paying for the short position, sure. That would be where the risk is; you're paying for the position continuously until you have the opportunity to sell at a profit. And you know how crypto can stay irrational for long. Also depends on where you are doing the short. I just looked at Kucoin's USDD chart and there was a sharp wick to $1.12 just a few days ago. Would've wrecked shorts that didn't have enough allowance from liquidation price
He's one of the most detestable and popular Pump and Dump fradusters but I think there are many out there who have worst impact on people's life than BitchBoy Do Kwon, causing billions lost and thousands to lose their life savings, and when people actually committed suicide because of LUNA he made fun of them SBF, I don't have to repeat his story again Cult leaders like Richard Heart and John Karony, out here still having a cult and brainwashing them. Just because how long HEX and SafeMoon has gone on, with their members losing their life savings and still believing in these scumbag's lies, makes them worst than BitBoy. Justin Sun. Staked a billion worth of Eth recently. He most probably is a billionaire off laundering money from his fake ass USDD stablecoin and countless schemes he's done, all eventually leading him to be worth billions off his investors exit liquidity. And the list goes on ..
A lot of investors switched to Tether from USDC, DAI, USDD, and maybe even banks when these 3 stablecoins weren't keeping it up to their names ;)
He truly is as shady as it gets. His FTX Users' Debt (FUD) token is pretty much a scam designed to make money through the people already scammed by FTX. He made a fortune during the Terra collapse with his USDD "stable" coin. Never trust this guy.
I’m not touching TUSD or USDD with a 7ft pole, or anything related to Justin Sun
It did dip a little bit. Not even USDC, but DAI, FRAX, Gemini Dollar, USDD, FRAX and even BUSD deviated a little.
For me all of stablecoins and CEX are on the 'DisTrust' spectrum So all of them cannot be trusted. But some are more shady or scummy than others. On my "Distrust Spectrum" for stablecoins it goes something like this: From a scale of less Trustworthy: USDC, to a scale of Totally Scummy: USDD (Justin Sun's stablecoin). And for my "Distrust Spectrum" for CEX it goes from Coinbase, to yep you guessed it - HuoBi (Scumbag Sun's exchange) The only thing I trust right now is Bitcoin and my cold wallet !
A few things, firstly that Circle and Tether only have the power to do what the smart contracts enable them to do. As far as I am aware that may include freezing coin balances but it doesn't include altering them. Secondly, Circle and Tether are still small enough that betraying peoples trust (say by refusing redemptions, or redeeming at less than face value) would likely destroy their reputation, something that would be quite damaging to them. Unlike a CDBC, people can just flee to DAI, RAI, MIM, USDD or any of the other stablecoins. Whereas with a CBDC, they don't even need to care if you have faith in them - you're forced to use it regardless, that's the point.
The peg is not necessarily an issue. the real issue is the non-existent trading volume. 1 million for DJED compared to 1.6 billion of TUSD and 702 million of USDD.
USD Digital (USDD), a stablecoin issued by Tron, and fractional-algorithmic stablecoin Frax (FRAX) shared a similar fate due to adverse market sentiments. USDD responded to the USDC sell-off with a nearly 7.5% drop to trade at $0.925, while FRAX dipped even further to $0.885
It is moneygrab. Same as when $ANC and UST went to shit, then Justin Sun immediately made his own stablecoin USDD that gave 20% staking rewards (like ANC did). Its all mostly the same shit, but different packaging
The shadier you are, the stronger you are in this industry. Tether: “Trust me bro”. Survives. Circle: “ Publishes its banking partners”. Depegs. UST: “Show all onchain reserves and defense strategies”. Goes to zero. USDD: “Depegs and opaque about its defense strategy”. Eventually repegs.
TUSD is still holding on fine albeit a few cents off. USDD, FraX and the rest of them are disgrace to stablecoins
With DJED, it has depegged by over 2% 4-5 times in the last month, so though it is up now, it is hard to tell if this is just the normal course of things for the coin or not. I admit, it is not something I use. I also excluded USDD.
Contagion: >USDC: 0.91 >DAI: 0.93 >BUSD: 0.995 >FRAX: 0.92 >USDP: 0.96 >USDD: 0.94 >TUSD: 0.992 >GUSD: 0.96 Only TETHER left standing....
shorting USDD never sounds like a bad idea. Sun is always a douche.
I reckon people will start using USDD soon
Looks like DAI, FRAX, Pax Dollar, USDD, Gemini Dollar and many more are also feeling the run.
Call me ignorant and naive but its BS that stables can even 'depeg'... who programmed this crap? Not just USDC... Frax, DAI, PAXD, USDD , GUSD, LUST, CUST, ... Still funny tho that a dozen of them did it but Tether. Glad I never use stables.
Waiting for Justin Sun to shrill his “over collateralized” USDD
They only care about profits and eliminating the competition is better for them. They can pump USDD hard now.
USDD? Thats for Justin Sun to worry about
So we’re all aware USDD and DAI have also depegged right?..
Hey there, it’s me from the future! USDC is currently trading at .88, Dai at .90, FRAX .89, LUSD .94, USDP .97, USDD .93, MIM .88, sUSD .96 & MAI .91 It’s not fine. The largest stables have all depegged except Tether.
This stable coin depeg is spreading like wildfire. (USDD, USDP, FRAX, DAI, USDC) Did I forget any?
It’s not just USDC also DAI, USDD, Fei USD and MIM have depegged.
People be thinking USDT is always next to fall... UST fell. USDD fell. USDC now. If this ain't the best dark comedy show ever in cyrpto.
USDD is also at 95 cents, I don't see how this trade has an upside but I guess we will find out over the weekend
Also Justin Sun's stablecoin USDD depegged, probably scared.
There is some hope though. Maybe recovering the peg won't be possible for a long time, but it's not like Circle is really insolvent. Many banks have less money for your deposits than the cash Circle has available to back USDC. Not going to lie, it does look bad, but at least here we should have real reserves unlike UST which only had about 3 bn of reserves (aside Luna) for 15 bn+ UST. Oh btw, USDD, Frax and MIM also depegged. I guess Frax and MIM also had DAI/USDC as collateral, and I suppose many other defi stables too.
USDD is doing better than USDC against USDT 👀
According to YouTuber and crypto investigator Coffeezilla revealed that Sun secretly minted 94% of allegedly decentralized stablecoin USDD, then advertised an alarming “392% to 584%”
Worst part about Sun was that he recently staked almost 1B worth of Ether recently If I had to hazard a guess, it’s probably Eth bought using fake minted USDD tokens. So 1B of Eth literally bought using fake Internet money.. ‘washed’ to Ether. What a scumbag.
First of all, USDD is overcollaterized as of now although most of it is backed by Tron. CZ and Justin Suns friendship means nothing. Not saying I disagree but you gotta share the whole truth, not just half truths
And they've been around since the last cycle as well Sun is like a cockroach that refuses to die. Even his USDD stablecoin, miraculously seems to have outlasted BUSD. \*Note trying to praise that cockroach, Justin Sun is a certified scammer and everyone should stay away from his products in my books\*
Good stablecoins: Yes Shit stablecoins like DJED or USDD: No
Did USDD lose its peg yet?
Yes, the DAO reserve will get depleted, and USDD will become under-collateralized. People will be rushing to exit both, and both will collapse.
USDD is an algorithmic stablecoin using TRX as reserves. Both will eventually collapse in a death spiral just like Terra, Iron, countless others.
Stablecoins have been nothing but stable lately - BUSD is under attack from the SEC - UST died in a few days - USDC’s issuer Circle was in some rumors of having problems after the FTX collapse - USDD is always depegging - USDT can’t shake off its shady image Stablecoins need more regulation, same as CEXs
Thankfully, we still have USDD /s
He’ll just use Justin Sun’s since they’re buddies. USDD Tron stablecoin which is on BNB chain, Eth, and Tron.
USDT, BUSD, DAI, USDC, USDD, GUSD, and many others... Still not enough.
USDD hasn’t been pegged to $1.00 since June 10th of 2022
There isn’t a USDD burn to TRX mechanism at all.
I thought there was a similar mechanism when burning USDD to get back your TRX?
Tron/USDD and Luna/UST really aren’t any thing alike other than Tron is burned to create USDD. USDD being sold can’t inflate Tron into oblivion as UST did Luna. Also only whitelisted institutions can mint USDD. So that feature isn’t even open to the public.
Tron. USDD is an algorithmic stablecoin with 30% APY. You do the math.
Tron and USDD are definitely on the chopping block. I don't know how they haven't failed yet given their similarity to Luna/UST. Not sure about Solana. It could be their year of stability. A fast and cheap blockchain is a use case most people can get behind.
Why couldn’t they fork it and call it USDD?
It's good that there's *a* native stablecoin but I'd prefer basically any fiat backed one over an algorithmic one. Especially there's when it's only backed with ADA and some token they made up for this purpose. It seems like they've learned nothing from all the failed ones. You done even attempt this stuff imo unless you're backing it with a basket of top crypto currencies. USDD seems better configured *yikes*
Might go up or down, there’s no point predicting. Even if it was the start of a run it might all be ruined by USDD collapsing or some stuff like that
We haven't even had USDD fall over yet. A rising market will support it temporarily. But it really looks like the peg has lost it this time. It seems to have lost it for a good 6 months and has never quite got back to stability, even though it approached close to $1.
I don't see how USDD will regain it's peg unless they use they use their reserves
In that case, I didn't short the coin (even though I noticed so many similarities between TRX and LUNA). I shorted the man, Justin Sun himself. It doesn't take much to find out there's something fishy going on, especially when looking at the crazy returns that USDD is currently offering. I'm kind of a newbie in trading, I did a whole thesis on Tron, USDD, Huobi and Justin Sun before pulling the trigger though.
I wonder if the slight depegging is just a sneaky plow for them to make the extra 2 percent on each and every trade using USDD?
Can he inject it into USDD so it goes back to peg?
USDD who hasn’t been pegged in weeks despite being “overcollaterized”: *chuckles* “I’m in danger”
Fully collateralized stablecoins like BUSD, ENOK, EDKK, USDC, ESEK, etc. are safer and more reliable than algorithmic ones like UST, USDD, etc.
There are concerns about USDD and USDT already and now BUSD too? Fuck man
Concerns with both USDD and BUSD right now. Personally I won’t be touching stablecoins
Someone correct me if I'm wrong, but this is that same USDD that Justin Sun backs, no? If so then this shit loses its depeg like once a week. It's probably more newsworthy if it maintains its peg for longer than a week.
USDD was doomed to fail from the very start. Firstly, the timing wasn't right: USDD was launched at the time when UST had just imploded. The wounds from the failure of an algorithmic stablecoin are still very fresh.
I missed the great USDT short. Happen to notice there's 10X USDD/USDT on KuKoin. This trade is so tempting.
weird how whenever USDD dumps Tron Pumps
tldr; The pace of withdrawals from Huobi slowed on Sunday, according to data from Nansen. This comes despite a recent slide in the price of Tron’s USDD stablecoin. Tron founder Justin Sun deposited $100 million worth of stablecoins in Huobi as a show of confidence. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
UST and USDD have terrible design. Zero thought put into them.
Looks to be setting lower highs, but not lower lows. That could be because those in charge are working to support the price. If USDD effectively dies, will Tron die with it like UST -> Luna? If i understand correctly the mechanics are the same, so, the answer seems to be yes. TVL still seems to be pretty good. But that could be a forward indicator of what's happening. If TVL started to plummet, then i'd be worried for Tron and USDD.
You're making general claims and not backing them up with any examples or evidence from literature on the project. I've seen numerous articles pointing out that USDD is basically a carbon copy of UST, the one change that was made is that Tron has made changes to "over-collateralize" USDD, but if they are using TRX to add to that collateral, then it runs the same risks as Terra. So again, please point out where these articles are wrong other than the amount of collateral changing that I've already highlighted to clear up the confusion.
[USDD.io](https://usdd.io/#/) lists some stacking APYs above 30%.
If USDD depegs, I’m going to peg Justin Sun
USDD has *lived* under $1 for most of it's life, generally trading around $0.96 to $0.98. It actually moved closer to the peg around the time this article was released. This would actually be ok with me if it was truly this censorship resistant money but a lot of the emergency funds/backing is USDT, which could lock the coins if law enforcement requested it. Also I just think that in general stablecoins that are backed/supported/peg-maintained/whatever by another stablecoins are a waste of time [[stares at DAI]. Even the creators think there's a better product (the one they use to maintain/defend a peg). Just use that one instead. The risk isn't worth it unless you're someone that's in the crypto weeds, reading about this stuff everyday and Johnny on the spot, ready to pull out the second it seems like it might pop.
Justin Sun is just as bad as Do Kwon, Alex Mashinsky and SBF in my eyes. Just a matter of time before the shady stuff he's been up to is exposed. As for USDD it came to be just after the LUNA crash and has spent the majority of its time de-pegged at 98 cents or lower, not worth holding at all.