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USDD

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r/CryptoCurrencySee Post

Justin Sun wants TRON DAO to buy 32.000 BTC. Sounds very similar to an other plan to back a crypto by Bitcoin...

r/CryptoCurrencySee Post

Crypto Winter’s Next Victims

r/CryptoCurrencySee Post

Top 100 scams/grifters/hacks of the 2019-2022 market cycle.

r/CryptoCurrencySee Post

Who owns the Tron DAO reserve and where do they get their funding from?

r/CryptoCurrencySee Post

Tron's USDD Regains Stability After Tapping an All-Time Low at $0.92 – Altcoins Bitcoin News

r/CryptoCurrencySee Post

who is United States Centralized Dollar (USDD) crypto?

r/CryptoCurrencySee Post

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

r/CryptoMarketsSee Post

YouTube Scam Investigator Casts Suspicion on TRON's USDD

r/CryptoCurrencySee Post

According To A YouTube Investigation by Coffeezilla, Justin Sun’s USDD May Be A Ponzi Scam

r/CryptoCurrencySee Post

USDD - The Next LUNA Ponzi Scheme

r/CryptoCurrencySee Post

Tron USDD or Near USN? Which algostable are you using and where are you farming them?

r/CryptoCurrencySee Post

Help me trust my stablecoins

r/CryptoCurrencySee Post

Why USDD is not another UST

r/CryptoCurrencySee Post

Tron USDD apparent short trap

r/CryptoCurrencySee Post

Please be aware and stop feeding on TRX/USDD situation, most likely a Justin Sun's master plan.

r/CryptoCurrencySee Post

Please, stop feeding on TRX/USDD situation, most likely a Justin Sun's masteer plan.

r/CryptoCurrencySee Post

Let's look at what USDD is and what is it backed by.

r/CryptoCurrencySee Post

USDD peg fail

r/CryptoCurrencySee Post

Tron’s USDD Stablecoin Still Hasn’t Recovered Its Dollar Peg For a Week Now.

r/CryptoCurrencySee Post

TronDAO's 220 Million is Not What USDD Needs to Peg Back to Dollar

r/CryptoCurrencySee Post

LUNA dead, CEL dead, USDD....

r/CryptoCurrencySee Post

Tron's Algorithmic Stablecoin USDD Remains Depegged From the US Dollar

r/CryptoCurrencySee Post

Tron's USDD Continues To Deviate From Its $1 Peg As Value Drifts Below $0.96

r/CryptoCurrencySee Post

The absurdity of USDD and its weak fundamentals

r/CryptoCurrencySee Post

Error: USDD malfunctioning

r/CryptoCurrencySee Post

USDD peg at 0.92

r/CryptoCurrencySee Post

USDD short is beginning to print...

r/CryptoCurrencySee Post

Let's short USDD into the ground

r/CryptoCurrencySee Post

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.

r/CryptoCurrencySee Post

TRON DAO Reserve to Withdraw Another 3 Billion TRX to Protect USDD Peg

r/CryptoCurrencySee Post

The Ultimate Guide to USDD - Why it Can't Fail Currently

r/CryptoCurrencySee Post

Tron’s USDD Stablecoin Faces Same Fate as Terra Luna’s UST

r/CryptoCurrencySee Post

Tron's USDD Remains Below the $1 Stable price for over 24 Hours, Token Depegs to as low as $0.95

r/CryptoMarketsSee Post

Tron’s Stablecoin USDD Slips its Peg as TRX Tumbles

r/CryptoCurrencySee Post

Tron Collapses by 20% daily as USDD Drifts Away From Peg

r/CryptoCurrencySee Post

Tron's USDD dips below 96 cents as stablecoin enters third day adrift

r/CryptoCurrenciesSee Post

TronDao To Withdraw 2.5B TRX From Binance, Will Justin Sun Be Able To Save Tron & Protect USDD From De-Pegging

r/CryptoCurrencySee Post

Tron DAO Reserve pulls 2.5 billion TRX from Binance as USDD slips further from peg

r/CryptoCurrencySee Post

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.

r/CryptoCurrencySee Post

What is the likelihood that Tron could collapse?

r/CryptoCurrencySee Post

As USDD depegs, Justin Sun tweets the exact same words as Do Kwon before Terra collapsed

r/CryptoCurrencySee Post

TRON’s Stablecoin USDD Loses Its Dollar Peg - The Crypto Times

r/CryptoCurrencySee Post

The depeg of USDD continues and is getting worse - Be careful out there!

r/CryptoCurrencySee Post

USDD is closer to a an overcollateralized stablecoin DAI rather than one of these fully unbacked degen coins like UST or Iron Bank

r/CryptoMarketsSee Post

USDD is closer to a an overcollateralized stablecoin DAI rather than one of these fully unbacked degen coins like UST or Iron Bank

r/CryptoCurrencySee Post

USDD is nowhere near UST's risk level. It is closer to DAI than a degenerate fully algo stable

r/CryptoCurrencySee Post

TRON coin and its current potential predicament

r/CryptoCurrencySee Post

Tron DAO Reserve adds another 500 million USDC to help USDD stablecoin peg

r/CryptoMarketsSee Post

Tron USDD De-Pegged Like UST

r/CryptoMarketsSee Post

Tron USDD Struggling to Stay Afloat

r/CryptoCurrencySee Post

TRON’s USDD Stablecoin Still Below $1 Despite $2B Cash Injection

r/CryptoCurrencySee Post

Tron's USDD Stablecoin Slips From Dollar Peg Amid Crypto Market Crash

r/CryptoCurrencySee Post

USDD Collateralized Ratio May Have Been Miscalculated, Well below 200%+

r/CryptoCurrencySee Post

Fears of another Terra-UST implosion simmer as Tron's USDD stablecoin loses dollar peg | CryptoSlate

r/CryptoMarketsSee Post

TRX Price Drops Over 29% in Last 3 days, USDD Lost its Dollar Peg, $2B Injected to Fight Back

r/CryptoCurrencySee Post

Fears of another Terra-UST implosion simmer as Tron's USDD stablecoin loses dollar peg

r/CryptoCurrencySee Post

USDD Stumbles and De-Pegs Just Months After Launch

r/CryptoCurrencySee Post

Another algorithmic stablecoin loses its peg as Tron’s USDD falls, with founder Justin Sun vowing to deploy $2 billion

r/CryptoCurrencySee Post

Justin Sun announces a 2 billion dollar injection save the USDD peg from collapse

r/CryptoCurrencySee Post

What happens after.

r/CryptoCurrencySee Post

USDN and USDD are losing the peg

r/CryptoCurrencySee Post

USDD and USDN lost their peg

r/CryptoCurrencySee Post

TRX. What happens after.

r/CryptoCurrencySee Post

Short squeeze coming: Justin Sun reveals $2 Billion injection to save USDD peg.

r/CryptoCurrencySee Post

USDD Slowly Losing its Peg - TRX Crash Next?

r/CryptoCurrencySee Post

USDD Getting Depegged Next, Could be Crashing TRX Very Low

r/CryptoCurrencySee Post

USDD Depeg warning to everyone shorting

r/CryptoCurrencySee Post

USDD is depegging fast! Justin Sun recently bought a lot of BTC to back this USDD. It seems these will be sold imminently to support the peg. Another big dump could be imminent

r/CryptoCurrencySee Post

Tron USDD Depegged to $0.98 – Literally not a single soul is surprised

r/CryptoCurrencySee Post

New Crypto Regulation in the US | USDD Stablecoin Pivots

r/CryptoCurrencySee Post

Terra model repeats itself: Tron backs its USDD stablecoin with 14,000 bitcoins

r/CryptoCurrencySee Post

Tron DAO Buys $50M Worth of Bitcoin and TRX to add to USDD Reserves

r/CryptoMarketsSee Post

New Crypto Regulation in the US | USDD Stablecoin Pivots

r/CryptoMarketsSee Post

Tron-based USDD Upgrades into the First Over-Collateralized Decentralized Stablecoin

r/CryptoMarketsSee Post

TRON Stablecoin USDD Employs an Overcollateralised Mechanism To Maintain USD Price Peg

r/CryptoCurrencySee Post

USDD and TRX, Same Fate As UST or Different?

r/CryptoMarketsSee Post

Terra model repeats itself: Tron backs its USDD stablecoin with 14,000 bitcoins

r/CryptoCurrencySee Post

Anyone thinking of degen into USDD as they did in UST think again it's another PONZI

r/CryptoCurrencySee Post

USDD misleading collateral

r/CryptoMarketsSee Post

USDD Upgrades into the First Over-Collateralized Decentralized Stablecoin

r/BitcoinSee Post

USDD Upgrades into the First Over-Collateralized Decentralized Stablecoin

r/CryptoCurrencySee Post

Amid concerns about stablecoins, USDD sets a new high for collaterization

r/CryptoCurrencySee Post

USDD upgrades into the first over-collateralized decentralized stablecoin

r/CryptoCurrencySee Post

Tron Modifies USDD Stablecoin to Avoid Woes of TerraUSD

r/CryptoCurrencySee Post

USDD and TRX has the exact same mint and burn mechanism that killed UST and Terra. Here's how to short.

r/CryptoCurrencySee Post

USDD Boosts Tron’s DeFi TVL, Compares to Terra’s UST

r/CryptoMarketsSee Post

USDD Boosts Tron’s DeFi TVL, Compares to Terra’s UST

r/CryptoCurrencySee Post

The USDD Stablecoin Will Be Over-Collateralized, According To Justin Sun

r/CryptoCurrencySee Post

According to Justin Sun,TRON's stablecoin USDD will be over-collateralized.

r/CryptoCurrencySee Post

Can USDD be different enough to succeed?

r/CryptoCurrencySee Post

A look at what USDD is trying to do different, lessons from UST

r/CryptoCurrencySee Post

Tron Now Commands the Third-Largest TVL in Defi — Network's Stablecoin USDD Confronted by Skepticism – Defi Bitcoin News

r/CryptoCurrencySee Post

So... are we going to ignore that TRON (TRX), with 7.5 BILLION market cap, is pretty much following LUNA's footsteps?

r/CryptoCurrencySee Post

Justin Sun trying to become the next Do Kwon with stable coin USDD.

r/CryptoCurrencySee Post

Is anyone messing with TRON?

r/CryptoCurrencySee Post

We are in a bubble

r/CryptoCurrencySee Post

USDD vs UST: Is Justin Sun's New Stablecoin Just a Clone of UST?

r/CryptoCurrencySee Post

Some predictions of the coming bear market

r/CryptoCurrencySee Post

Tron DAO Reserve. USDD Stablecoin Staking. (LUNA-UST Fork)

r/CryptoCurrencySee Post

Tron already launched its stablecoin and it looks very similar to terra USD

Mentions

how your USDD shortin goin? lambo?

Mentions:#USDD

>People are saying they quadrupled their money since last bear..but here I am, only losing, never winning. It is a Greater Fools game. These people can't quadruple their money if they don't create a gazillion losers. Money never gets lost, only swaps hands. Your loss is how these "winners" make money. >Now ..Acala. Depeg after a hack due to the poor security in one of the pools. It is a dog-eat-dog world. Crypto traders are always wanting to front-run and screw others to make a buck. The depeg is definitely exacerbated by **ape** short-sellers on KuCoin wanting to make a buck out of others' misery. Why? 1. Shorting stables has now become a thing as soon as you get some sort of depeg. A more recent example is USDD, when the shorts got royally fucked in the end. 2. Acala exploiter still has the aUSD on chain. So where are most of the selling pressure coming from? 3. Hours after Acala froze, somehow people are still selling on KuCoin. If these aren't short positions opening, where are these short-sellers getting aUSD to dump on KuCoin? >Next one JUNO. Awesome usecase, crazy fast, top tier Cosmos coin…boom down like a stone after whale fiasco. Be wary of new Cosmos chains with high APR. It always set up a position for OG Cosmos whales with huge airdrop allocation to dump on newcomers. JUNO is not alone. STARS is another example. And EVMOS is another case waiting to happen in the future. >LUNA came swiftly as a lightning and burned most of my saving in crypto over night. That shit was leveraged to the tits and had too many degens playing the Ponzi game. I am sorry for your loss but you need to learn to protect yourself. You need to understand the game is very adversarial and plenty of "crypto bros" are just here to take your money. Here are some lessons you should learn. 1. Learn to take profits to hedge your positions. Those who call you "paper hands" are probably trolls who want to dump on you. 2. Always ask: "How am I making money? Who is paying for my profits?" If you don't ask those questions, someone will and you will be their source of profit. 3. Be patient, never FOMO! That is never start your new position during a pump. Understand the more it pumps, the more people will be in green. You CAN'T TRUST "CRYPTO BROS" when they are in GREEN! They aren't stock investors with a long-term horizon outlook. They are pure short-horizon profit seekers. The best time to buy is when most folks are deep in red after a month or so. This is a fucking GREATER FOOL game - NEVER FORGET! You can only make money when people, before you, have no energy to sell anymore. 4. Most importantly: DYOR! STAY AWAY from crypto being actively shilled on social media. It is a sign many have brought into the positions and are luring suckers in for a short-term dump. If they are in for the long run, they don't need to shill so excessively in the short run. Shilling is a sign of seeking exit liquidity. 5. The crypto industry acts like MLM in many ways. People do shit for a reason. Always question their motives, they aren't your financial advisors who are legally obliged to look after your best interest. Always be skeptical and know every one of us are eager to take your money as profit.

Oh do USDD next

Mentions:#USDD

Yes it still makes sense to DCA. What you can do now if you don't like the idea of losing ground is move your portfolio so your 10% cash and 90% crypto and continue DCAing into crypto. You'll still be doing just fine for yourself if crypto continue to move up from here. If crypto falls off you now have a solid cash pile to deploy and accrue more crypto than you otherwise would have. Don't like the idea of your cash doing nothing? Spread it around several different stablecoins to dilute your risk of the stablecoin failing. Also there are 'good' and 'bad' ones out there. Dai, Rai, and USDC are the first 3 I think of if I were to spread cash around stablecoins. Depending on how much cash you have you might go with a basket of five. Do your homework though no need to take more risk than you need to with stablecoins not likely to maintain their peg in the long term. Stay away from under collateralized stable coins or ones with a mint and burn mechanism like LUNA-UST or the one that will be implemented with TRX-USDD. Once you got your basket of different stablecoins put them to work in DeFi lending protocols and DEX liquidity pools to start earning a return. There's a lot of liquidity pools that just transact stablecoins so unless something depegs you wont have to worry about impermanent loss. Pick at least 5 different protocols (again to reduce your overall risk) even better if they're on different blockchains. Pick the longest running best of breed protocols. Don't like the idea of stablecoins and DeFi? But still want your money doing some work for you? Put it into a traditional financial asset like a stock or bond ETF. Or both!

Any guesses on ETH dominance (in DeFi) after the merge? TVL was >90% at the start of 2021 but since the rise of DeFi on alt layer 1’s ETH dominance is now <60% Surprised to see Tron overtake BSC. I don’t even know any Tron dApps. Must be USDD and Anchor style yield reeling people in.

Mentions:#ETH#USDD

Justin is just trying to shoot ethereum in the foot, in an attempt to bring attention to tron… Justin sun has a long history of being scammer. His latest being adopting LUNA/UST model for tron and USDD. Stay away.

Mentions:#LUNA#USDD

To be fair it will be quite interesting to watch all the DeFi applications on the PoW chain collapse in an exciting cascade. USDC, USDT and DAI will only be backed on Ethereum, not on any of the EthPoW forks or whatever, combined they account for more value transfer than ether, or indeed bitcoin's entire daily volume. Not only that, but these stablecoins back a huge amount of liquidity pools across protocols like Curve and Uniswap. Because one side of each of these pairs drops to zero value, the tokens they are paired with will collapse as well. Arbitrage bots will go haywire and add to the chaos. At the same time lending platforms like AAVE and Compound on the PoW chain will suffer the same fate, with everything being liquidated in a giant mess. ETH-PoW itself won't escape this chaos, there's plenty of stuff paired with around 51% of Uniswap's volume being the USDC/ETH pair currently. If USDC-PoW instantly drops to zero, what do you think happens to ETH-PoW? Justin Sun knows this, but he's just trying to cause as much disruption to Ethereum as possible by legitimizing the PoW chain as a way to try and postpone the inevitable irrelevance of his TRON. This is just one more in a series of money grabbing scams, much like his USDD stablecoin, modeled after UST... and (I'm not even joking) so decentralized that the top 10 accounts hold 99.23% of the supply, the next 40 wallets hold another 0.7%, and therefore everyone outside the top 50 combined account for only 0.07% of the token... https://tronscan.org/#/token20/TPYmHEhy5n8TCEfYGqW2rPxsghSfzghPDn/holders So sure, his exchange supporting a doomed ETH fork seem entirely on brand. If it brings people to Polonex and they get to earn a bunch of trading fees and at the same time confuse retail investors about Ethereum for a few days then it's win-win for him.

He pulled out of USDD Why would anyone listen to him anymore ?

Mentions:#USDD

If you want a challenge: Tron and its stablecoin, USDD. Simply because TRX has a relatively high marketcap for a network that has very little public information on it. There is a lot of misinformation on it from both sides, so be careful with your sources. Tron is also strongly partnered with Binance, so CMC might be biased for them. It's a highly manipulated network with a very questionable founder.

Mentions:#USDD#TRX

Tron and USDD careful !

Mentions:#USDD

USDD taking over 😂😂😂

Mentions:#USDD

A stablecoins blog without mentioning BUSD and EEUR, two of the most transparent stablecoins in the market. They are fully backed unlike the Justin's algo USDD stablecoin.

Yeah I think so. After all these other collapsed scams, people still investing in USDD deserve what's coming for them.

Mentions:#USDD

UST and USDD are not the same. (Tell me you don't understand how stable coin ecosystems work without telling me you don't understand how stable coin ecosystems work.)

Mentions:#USDD

So 2/3 of the USDD stablecoin reserve will be very unstable

Mentions:#USDD

market cap of USDD is 725 million. And they plan to buy 726 million in bitcoin? They can't afford it

Mentions:#USDD

USDD will fail , just a matter of time

Mentions:#USDD

It already is backed by other stablecoins: 140 million in USDT and 990 million in USDC. It seems Sun's goal here is to back USDD with $1 billion in USD tokens, $1 billion in BTC, and around $1 billion in TRX. Worth noting that if you check the Tron DAO Reserve site, they mention they already have 14,000 BTC: another 32,000 would boost that value to just over $1 billion at current prices.

Nope, its TVL has been high well before USDD came around.

Mentions:#USDD

suppose Tron is there due to USDD, should be gone soon...

Mentions:#USDD

Never heard of OUSD. USDD is an algo-stable, which i will never touch. Right now, i'm farming VST-DAI-USDT-USDC pool on Arbitrum Balancer. APR was 80% when i joined a couple weeks ago, and is 20% now, and will be 0% soon because it got no votes for next epoch. I do not recommend anyone to join now, as they risk eating a loss on impermanent loss given the short time frame left to farm. It was a nice farm while it lasted though, and relatively low risk. Chance of loss occurs only under any of the following conditions: * Balancer, an established protocol, gets exploited and their LPs drained. * Any one of the holy trinity of DAI-USDT-USDC suffers a permanent depeg, which is highly unlikely in my opinion, but ever present. * VST suffers a permanent depeg, which may occur if it's main collateral asset gOHM goes down in value massively. For this to happen, Olympus DAO treasury has to be exploited and drained. Alternatively, Olympus DAO converts a substantial portion of it's stablecoin treasury into risk assets, and then proceeds to lose substantial treasury value in a crash. A third possible scenario is an exploit that allows large amounts of GOHM to be minted, destroying it's value. Anyway, the value in stablecoin farming, is mostly made by capitalising on these young protocols and chains. For example, it was once possible to get 40% APR on metis chain, merely by supplying USDT-USDC LP to it's fledging DEXes. They needed to bootstrap liquidity for the major stablecoins, and rather then having two LPs for every major coin (ETH-USDC, ETH-USDT), it was cheaper to have everything paired against USDC, then have a massive USDT-USDC pool, so that people can still use USDT to buy assets on the chain with USDT->USDC->asset route. And so they paid USDC-USDT LPers handsomely. If you're feeling lazy to do research on young chains and protocols to stay safe from rugs, it's also possible to simply use convex and pool MIM+3crv or alUSD + 3crv for relatively low risk returns.

| Even now, it's possible to "safely" get yields of \~10% to 20% on stablecoins, on defi platforms. Really? Like where? (that doesn’t involve convoluted high risk and high maintenance LPs or other such schemes, where it’s a simple deposit.) OUSD is the only option I know of, and it’s well below 3% yield now for last 39 days average. Haven’t seen anything come close to what Anchor offered (not counting USDD that has “intro” loss leader rate and forces you to play the high risk LP gymnastics).

Mentions:#OUSD#USDD

Try UST or USDD, heard it’s good

Mentions:#USDD

I'll have you know that USDD has a collateral x3 its marketcap. Not sure if they plan to continue that no matter what the cap is. But at the current rate its very very sustainable

Mentions:#USDD

It was depegging a few weeks back, but it looks like it's basically back to peg now. I don't think TRON and USDD have that same mint and burn mechanism that LUNA did to maintain the peg though.

Mentions:#USDD#LUNA

USDD, but probably not until next year

Mentions:#USDD

* Midas * Vauld * USDD * Nexo * BlockFi * Synthethix All of these are IMO on the menu if we have another leg down, which it really looks like we very well may have in store over the next 6 months.... And just like the suckers that lost their money on Celsius, Voyager, LUNA and more, you have people in these very comments mentioning these companies and saying *"Oh but I like 'X' and they are different! They are overcollateralized, and blah blah blah. And Ill just remove my money if it starts looking shaky!".* People never learn, and sheep will always get fleeced. Nothing you can do about it.

That’s true. That is why algorithmic stablecoin is our final destination. However, with the recent debacle of UST and the sketchy USDD, algorithmic stablecoin is not having a good impression.

Mentions:#USDD

I'm sure this sub won't like to hear this, but the current dynamics of USDD safeguard it from a Luna like collapse. It doesn't have a bonding-minting mechanism available to everyone like Luna did. Although that can change at anytime.

Mentions:#USDD

Justin Sun is far richer than Do Kwon and he never insulted people like Do Kwon did, he is one of the biggest whales in crypto. The USDD market cap its smaller than the money he has. And i dont think he is being arrogant, he always has been this way, everytime people laugh at him but he is richer year by year. Saying this i would never buy USDD, just pointing out how Justin Sun is.

Mentions:#USDD

These projects like Trons USDD, Nexo and Lido have already had massive issues and should rightly be considered very high risk. But there are lots of projects that come as somewhat of a surprise too.

Mentions:#USDD

tldr; Tron’s USDD is over-collateralised by a ratio of 3 to 1 with a total of $2.2 billion in TRX, BTC, USDC and USDD. Nexo offers 0% APY crypto loans of up to $2 million. Synthethix is issuing synthetic assets which range from cryptocurrencies, indexes, and real-world assets like gold. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

You have a point, USDD would be interesting. Can’t wait to see what will happen to copy and paste coin.

Mentions:#USDD

Yeah , USDD is going to go ass up sooner or later. Young arrogant CEO who thinks he knows best.

Mentions:#USDD

No that's not true. I stake USDD for 30% on kucoin

Mentions:#USDD

USDD...

Mentions:#USDD

Algo stablecoins are gone and USDT and USDD are also not transparent in my opinion. So we are only left with USDC, BUSD, and E-Money stablecoins. I don't know much about DAI stablecoin though.

It was a poorly "managed" system. Their reserves never stood a chance for the rate of increase they saw. USDD on the other hand is taking it muuuch slower and ensuring market conditions are theyere before letting the cap increase. I bet Do Kwon was just an idiot and didnt know how to manage such a huge project.

Mentions:#USDD

Well... they already offer massive APYs for USDD, USDT & USDC xd

They'll be needing all of that if USDD becomes UST 2.0 next year 😂

Mentions:#USDD

I learned a bunch of morons are behind designing a lot of these protocols/CeFi and the industry has more money than common sense. Here are some examples. 1) 3AC is apparently every lending CeFi’s yield generator in one way or another. No one bothers to check if 3AC was using the same collateral for multiple loans. Absolute idiots! 2) Kava hard-coded UST to $1 on its lending protocol. Then exploiters rinsed them hard during Terra collapse. A few days later, few other lending protocol repeats the same mistake with a different de-pegged algorithmic stablecoin. 3) UST collapse didn’t put the end to the under-collateralized Algo stablecoin scam. Instead, the industry made new ones like Tron’s USDD. 4) We have seen how the multisig tech can compromise security in the past. For example, Bitfinex got hacked in 2016 because of a compromised multisig. Then we recently get Harmony Bridge hack again because of a compromised multisig. I can go on and on. It seems the industry doesn’t take learning history seriously while everyone and their dog pours money on these incompetent fools. I really do think crypto has potential. But it seems the whole show is run by amateurs right now.

Mentions:#AC#USDD

Will he pay in $USDD?

Mentions:#USDD

Is that the USDD guy?

Mentions:#USDD

Well recently, he probably made a truck load off squeezing shorts on USDD when idiots think it behaves like UST.

Mentions:#USDD

I don't understand why people dislike Justin Sun so much & this hate pre-dates the launch of USDD. Can someone tell me why?

Mentions:#USDD

For me seeing the launch of USDD, a new algorithmic stablecoin, days after the luna/ust debacle was peak irrationality.

Mentions:#USDD

He probably should keep that if needed to bail his USDD out in case of a LUNA event.

Mentions:#USDD#LUNA

People went and gambled into USDD so why not

Mentions:#USDD

>The Tether blockchain is not a real blockchain as you know it. Either the chain or the on chain Tether implementation allows coins to be deleted and moved around without consent of owner. Tether docs even say this. Tether can destroy coins remotely. It’s closer to a totalitarian nightmare than a Bitcoin. Ummm, excuse me, but Tether is **not** a blockchain... >ll of the fake money is controlled with the TRON chain to make sure it stays on the exchanges that were in China. That way the American regulators can't even see it let alone touch it. Most of them claim to not be in China now because of the ban, but it’s very hard to know for sure. This doesn't make sense, public blockchains are publicly available, hence, anyone can peruse/audit what went where, who sent what, how much was sent, etc. They can't force people out of their jurisdiction to do anything, but they sure as hell can see what's going on. >China kicked all the exchanges out in 2021. So now they’re “Chinese” exchanges, but (maybe) not in China. WTF? > Tether is busted by NYAG for printing unbacked USDT. They were claiming that they had cash deposits equal to the number of tethers in the wrold. NYAG proved there were not. Tether paid a substantial fine So what is it then? Did NYAG just accomplish what was described as impossible a few pharagraphs above? smh &#x200B; >USDD is an algorithmic stablecoin3 on TRON created by Justin Sun. When? Relatively recently. After he fled the authorities in Dec. 2021 and became an ambassador in Grenada (no, seriously). USDD is documented to not work in Bennet Tomlin’s investigation thread. In fact according to Tomlin, it is broken in such a way that there is no public mechanism for stabilizing it. It claims to be like Luna/Terra but it is not. It’s like a balance scale that only allows you to put weight on one side. And yet it stays stable. Thus there must be something we cannot see that keeps it stable… USDD is a known scam, in fact, Justin Sun owns most of the circ. supply. Cofeezilla made a video about it.

Why is anybody holding USDD? Have they been living in some weird cave and stumbled across it by accident?

Mentions:#USDD

tldr; Tron Reserve DAO’s stablecoin USDD saw its value slip below the $1 parity it held prior to June 13. During the past seven days, USDD has managed to jump back to the $0.98-$0.99 region while reaching $1 on July 3. USDD is overcollateralized by 313.5% with four different crypto assets backing the project. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

USDD is useful for margin trading. Borrow USDD and sell it for the crypto you actually want. Good chance you will pay back a lot less than you borrowed.

Mentions:#USDD

you lost me at “usually those reserves are in crypto.” While true for TerraUSD, DAI, and USDD that is absolutely NOT true for other coins like USDC, USDP, or GUSD. These coins are 100% backed by USD or short-term TBills and audited monthly by reputable firms. Totally agree, this requires trust on the customer’s end that Circle/Paxos/Gemini will deploy the reserve correctly, but thats life. THIS is the next step in payments until the algo stablecoin secret sauce is figured out. Highly regulated, 100% fiat-backed coins. Change doesnt happen overnight, especially in banking. Small steps are taken over years to steer the ship. Tether is a whole other class - I dont believe anything reported by them on their reserves. But it should be noted that after the TerraUSD collapse there was a run on Tether and they were able to repeg through their reserves.

Because 99% of crypto shit will die, almost none of the things we have today have any usage, the few, few good projects with real use and real capability for investment are barely seen, Napster with music nfts, LoftyAi with their real estate shpill, which is sustainable and uses the blockchain to cut costs severely, Angelblock which wants to make a legit fundraiser platform using the chain instead of other bank and such services But ....what does TRX do? nothing really, it is still EVM, it still has...arguably high costs to use, even made USDD now which is..not it lol that applies to most EVM chains besides Ethereum itself

Mentions:#TRX#USDD

USDD isnt tho lmao

Mentions:#USDD

I would say USDD is probably next, however Justin has that much pride/ego, I can see him doing everything in his power to keep it from failing just for the fun of it

Mentions:#USDD

Justin Sun’s new scam is a likely contender, USDD.

Mentions:#USDD

UST had 20% backing at the time of failure. USDD has over 300% as of now. Sorry not sorry.

Mentions:#USDD

This has also been the case with USDD. As much as I don't like Justin Sun and laughed at his claims of being targeted, I later found out he was right - 'crypto propaganda' aimed at undermining trust in his stable coin was popping up in all sorts of unexpected places across social media. It is clear market manipulation and underlines why we will need regulation in this sector.

Mentions:#USDD

No it doesn't. You can't compare USDD's backing in volatile assets to the like of USDC, BUSD and EEUR's stable assets backing. I prefer to have a stablecoin backed by a stable real asset.

I won't even advise anyone to go for it. It's backed by people who want 60% APY. USDD works the same way UST worked, but with TRX. It's safer to hold BUSD, USDC, and EEUR stablecoins that are fully backed.

USDD has far more backing than any of those listed fyi.

Mentions:#USDD

Well, I don't think stablecoins are poor investments. You just have to watch out for the ones to go for. Algorithmic stablecoins like UST & USDD aren't the best choice IMO, I'd rather go for collateralized and 100% backed ones like EEUR, ENOK, EDKK, ECHF, ESEK, etc. &#x200B; These stablecoins are 100% backed by government bonds and fiat currencies, also they're also regulatory compliant with quarterly audit by Ernst and Young. There are also talks about GBPX which is FCA approved and backed by the British Pound, looking forward to this.

USDD regains peg, congrats to His Excellency Sun

Mentions:#USDD

Probably USDD...

Mentions:#USDD

Why? Everything is running smooth on Algo, you know that Justin Sun, the Tron Ceo, build a huge ponzi, USDD. Algo for sure, Fifa approched them for the partnership to bring player trading, ticketing etc. on the chain.

Mentions:#USDD

So, any other major projects gonna completely collapse soon? Celsius? Harmony One? USDD? (All of the above?!)

Mentions:#USDD

So, any other major projects gonna completely collapse soon? Celsius? Harmony One? USDD? (All of the above?!)

Mentions:#USDD

I think that’s a fair point but then I haven’t looked into the spread of how the other partners are minting so I can’t 100% agree with that ratio until I look. Basically it’s Justin being able to sell his old trx bag into USDD without tanking the TRX price. But then he has to make a case to other people that USDD is worth buying or else he’s just sitting on USDD. I think this guys video is good in that it warns people to be careful but it also has some things very wrong. The APY for straight USDD is only like 10%. The higher apy is for an LP of USDD/USDT. It’s also been stated that the high APY is temporary and limited to only the firs xxx amount of USDD minted (don’t remember the amount). They go on to say that higher apy after that would require long term time locking in an LP. So at least he’s trying to do that differently. In the end I think people are wise to be careful but I think coffeezilla missed the mark on his analysis. A simple honeypot with rug pull is likely not what Justin is going for. A longer term play is my thinking, clearly he’s still in it to make money but I’d guess he’s pitched the partners on the plan as well too and it’s in their interest to keep USDD solvent and sane vs. UST’s rise and flame out. I only hold a bit of USDD for testing and staking for full disclosure, and I’m not big on defending Justin but articles like this feel like they take the easy route to just pile on and call everything a scam when it’s usually more nuanced than that.

I jusdt noticed USDD has been depegged for DAYS. Doesn't look good for a stablecoin that offers insane interest

Mentions:#USDD

Justin Sun is terrible and this is probably some kind of scam, but....the point he's making doesn't really hold up to scrutiny. Of course Justin Sun minted a huge share of the existing USDD. Right now only a few entities are allowed to mint it at all. He has to mint it in order to get it into the market place. He may be doing something shady with it, but the mere fact that he minted most of the coins doesn't prove anything at all, it isn't even suggestive of anything. It's the system working exactly how it's intended to work.

Mentions:#USDD

Whenever I see Justin Sun I run TRON, BTT, USDD shit

Mentions:#BTT#USDD

_After_ the funds were frozen, you'll see a lot of posts of people who _saw_ the _signs_ but didn't act on time. Truth is they were all blind until it was too late. But I concede that Luna and Celsius cases were so blatant that they were different from classic bank runs l, when it's really too late when you're ready to act. The next one seems to be USDD. Will folks move their coins to their wallet in time this time around?

Mentions:#USDD

Guess we won't be bailing out his USDD (clone of TerraLUNA/UST) when it fails spectacularly like UST/LUNA did...

Mentions:#USDD#LUNA

I mean at this point who did not expect USDD to be a scam. Most crypto people knew it from day one.

Mentions:#USDD

Is it possible to short USDD?

Mentions:#USDD

Everything Justin Sun touches turns to shit. From BTT to USDD. The shidas touch

Mentions:#BTT#USDD

If USDD was planned as a scam, Justin is in too deep to actually pull the trigger on it now. He's going to spend the rest of his life in prison if he pulls the rug.

Mentions:#USDD

But of course “his” address minted most of the USDD. The minting is private right now and only a few whitelisted entities can mint.

Mentions:#USDD

<This is hilarious because it shows... a. USDD is anything but "decentralized". and b. USDD looks like a honeypot for retail traders to get dumped on by Justin Sun himself, the 30-40% interest rates are the bait. How would someone actually believe an interest rate of 40%?

Mentions:#USDD

>I collected a spreadsheet of all the TRON issued USDD, and Justin Sun's suspected address minted 683,320,461 USDD. Which is 94% of all the USDD EVER MINTED! A secret wallet which holds a significant amount that belongs to the creator itself? Hmm..this sounds familiar

Mentions:#USDD#EVER

The main difference is that USDD really limits who can mint or redeem. FlexUSD works like UST, anyone can mint or redeem.

Mentions:#USDD

Who's the influencer/scammer calling USDD ultraconservative?

Mentions:#USDD