Tron’s Stablecoin USDD Records a 6-Month Low – Is USTC 2.0 Underway?

The post Tron’s Stablecoin USDD Records a 6-Month Low – Is USTC 2.0 Underway? appeared first on Coinpedia Fintech News

Tron’s decentralized algorithmic stablecoin USDD and Waves’s Neutrino USDN are de-pegging heavily. Algorithmic stablecoins have been a major subject of worry ever since the Terra ecosystem failed to defend the UST peg and caused a major market crash, halving many assets.

Along with USDD, the Waves stablecoin USDN also plunged hard by nearly 5% and marked monthly lows around $0.75, which is now trading around $0.818. The USDN’s market capitalization also dropped significantly by nearly 5% to reach the level of around $556.8 million.