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CoinGape

2022-11-10 13:25:39

FTX Crisis: Justin Sun’s Algorithmic Stablecoin USDD Depegs

FTX Crisis: Justin Sun’s Algorithmic Stablecoin USDD Depegs

Tron founder Justin Sun looks to work on a “wholistic solution” to save FTX from the liquidity crunch. Meanwhile, on-chain data suggested algorithmic stablecoin USDD has started to depeg suddenly and is now trading at $0.974. Justin Sun earlier responded that probably Alameda is selling USDD to cover liquidity at FTX. Now, he says it’s The post FTX Crisis: Justin Sun’s Algorithmic Stablecoin USDD Depegs appeared first on CoinGape .

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