{"id":12754,"date":"2022-06-14T23:22:51","date_gmt":"2022-06-14T23:22:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tron-dao-reserve-deploys-more-assets-as-usdd-depegs-and-trx-falls-18\/"},"modified":"2022-06-14T23:22:51","modified_gmt":"2022-06-14T23:22:51","slug":"tron-dao-reserve-deploys-more-assets-as-usdd-depegs-and-trx-falls-18","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tron-dao-reserve-deploys-more-assets-as-usdd-depegs-and-trx-falls-18\/","title":{"rendered":"Tron DAO Reserve deploys more assets as USDD depegs and TRX falls 18%"},"content":{"rendered":"

(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum & Crypto News )<\/b>
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The general crypto Monday has started the week with a plunge, but for TRON, things have somehow started to get worse after the Tron DAO Reserve was forced to deploy resources after its stablecoin de-pegged.<\/p>\n

The USDD stablecoin started the week by temporarily depeging to as low as $0.97; something that caused a corresponding reaction affecting TRX price which had dropped by 18.68% to $0.06291 at the time of writing.<\/p>\n

At the time of writing, the price of the USDD stablecoin had not yet regained its Dollar parity and was trading at $0.9892.<\/p>\n

Justin Sun is ready to fight for the stability of USDD<\/h2>\n

The head of Tron Foundation, Justin Sun, has stated that he is ready to deploy as much as $2 billion to keep the USDD pegged to the dollar.<\/p>\n

So far, the TRON DAO has deployed 700 million USDC coins to try and keep the USDD pegged to the dollar.<\/p>\n

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700 million USDC has been injected into @trondaoreserve<\/a> for #USDD<\/a> peg. Well done! https:\/\/t.co\/r11PnBte4g<\/a><\/p>\n

\u2014 H.E. Justin Sun \ud83c\udd63\ud83c\udf1e\ud83c\uddec\ud83c\udde9 (@justinsuntron) June 13, 2022<\/a><\/p>\n<\/blockquote>\n

The current situation with the USDD stablecoin seems to be following a similar trajectory to Terra\u2019s TerraUSD (UST) stablecoin.<\/p>\n

When the UST first de-pegged, Do Kown announced that they would be deploying more capital to try and keep the UST pegged to the US Dollar.\u00a0<\/p>\n

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lads pic.twitter.com\/Crgv3GFD6O<\/a><\/p>\n

\u2014 R.I.P. Old Kanye (@adisonfarrel) June 13, 2022<\/a><\/p>\n<\/blockquote>\n

Avoiding Terra\u2019s path<\/h2>\n

Justin Sun had earlier on said that the USDD would be overcollateralized at 130% to avoid going down the same path that the TerraUSD used.<\/p>\n

Sun has gone ahead to also say that TRON DAO will deploy $2 billion to fight back the negative funding on Binance. He also warned of an impending short squeeze on TRX tokens over the next few days or weeks.<\/p>\n<\/p><\/div>\n