{"id":16311,"date":"2023-01-11T01:16:00","date_gmt":"2023-01-11T01:16:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/trons-usdd-stablecoin-experiences-fluctuations-again-drops-below-1-parity-in-early-2023-bitcoin-news\/"},"modified":"2023-01-11T01:16:00","modified_gmt":"2023-01-11T01:16:00","slug":"trons-usdd-stablecoin-experiences-fluctuations-again-drops-below-1-parity-in-early-2023-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/trons-usdd-stablecoin-experiences-fluctuations-again-drops-below-1-parity-in-early-2023-bitcoin-news\/","title":{"rendered":"Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023 \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents per coin.<\/strong><\/p>\n

USDD Stablecoin Dips Down to 97 Cents per Token<\/h2>\n

There have been some slight fluctuations in USDD\u2019s price<\/a> at the start of the new year, as the stablecoin has dipped to the 97-cent range on a few occasions in 2023. After Terra\u2019s stablecoin depegging event in May 2022, USDD started<\/a> to slip slightly below the $1 peg<\/a>, causing anxiety in the crypto industry. A number of other stablecoins<\/a> saw similar deviations<\/a>. On June 19, 2022, USDD reached a low of 92.8 cents per unit<\/a>, but the stablecoin managed to regain the $1 peg, trading between 98 cents and 99 cents per unit.<\/p>\n

\"Tron's
Tron\u2019s USDD stablecoin 30-day view against the U.S. dollar on Jan. 10, 2023.<\/figcaption><\/figure>\n

In mid-Dec. 2022, USDD deviated from the $1 parity, and Tron\u2019s Justin Sun said that the team deployed more capital. USDD has seen fluctuations in value since Dec. 11, 2022, and it reached a low of $0.971 on Dec. 13, 2022, according to coingecko.com statistics. Last week, a similar instance occurred as the USDD price dipped to $0.972 per unit on Jan. 6, 2023. Charts show that USDD\u2019s action four days later on Tuesday, Jan. 10, 2023, indicates that the stablecoin slid to a low of $0.977 per unit during the past 24 hours.<\/p>\n

\"Tron's
Tron DAO Reserve page on Jan. 10, 2023.<\/figcaption><\/figure>\n

According to the project\u2019s Tron DAO Reserve page<\/a>, USDD is over-collateralized by 202.41% compared to projects like DAI, which is 120%, and USDT<\/a> and USDC at 100%. USDD is currently the eighth-largest stablecoin by market capitalization, which is $710.03 million at the time of writing on Tuesday 4 p.m. Eastern Time. The number of USDD in circulation is higher at 725,332,035.<\/p>\n

Currently, there is roughly $33.44 million in global USDD trade volume during the past 24 hours. With USDD trading at 97 cents at times, it means that someone who owns 1,000 USDD can only get around $970 in U.S. dollars. Meanwhile, the rest of the top ten stablecoins<\/a> on Jan. 10, 2023, are trading for USD values between $0.997 to $1. Statistics further show that USDD\u2019s coins in circulation grew by 0.8% over the last 30 days.<\/p>\n

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anxiety<\/a>, capital<\/a>, Capitalization<\/a>, Charts<\/a>, Circulation<\/a>, CoinGecko<\/a>, Crypto<\/a>, DAI<\/a>, depegging<\/a>, deviating<\/a>, discrepancy<\/a>, eighth-largest<\/a>, fluctuation<\/a>, fluctuations<\/a>, justin sun<\/a>, market<\/a>, over-collateralized<\/a>, Parity<\/a>, Price<\/a>, Stablecoin<\/a>, Stablecoins<\/a>, Top Ten<\/a>, trade volume<\/a>, trading<\/a>, trend<\/a>, tron<\/a>, TRON DAO Reserve<\/a>, Tron Stablecoin<\/a>, USDC<\/a>, USDD<\/a>, USDT<\/a>, Value<\/a>, volatility<\/a><\/div>\n<\/div>\n

What are your thoughts on the price fluctuations USDD has experienced at the start of 2023? Share your opinion on this topic in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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