18 lines
679 B
Markdown
18 lines
679 B
Markdown
# USDD, Tron Stablecoin collapse June 2022
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* USDD is an algo stablecoin associated to Tron
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* Late on june 12 it broke its peg in a significant way and situation appears to be worsening as of June 14 
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* It's associated coin TRX (tron) is also experienced significant downside volatility 
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* It is one of the "partially collateralized" algo stable-coins
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* [appears to be under-collateralized][1]
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[1]: 2022-06-12 - longish thread "And it's starting" https://twitter.com/resdegen/status/1536005536646320128
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TODO:
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* [ ] describe background of USDD and TRX
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* [ ] brief info on justin sun |