Tron's Justin Sun 'Deploying More Capital' to Stop Stablecoin USDD's Slide
On Monday morning, Justin Sun took to Twitter to announce that he had swapped roughly $773,000 worth of Tron’s native stablecoin USDD. mimicking a tweet from Terraform Labs CEO Do Kwon just prior to Terra’s collapse in May. Sun included transaction data that showed him swapping more than $203,000 in USDC and $570,000 in USDT for the USDD stablecoin. Normally pegged to the price of the greenback, the stablecoin has traded below $1 since the end of October. The token did, however, drop to its lowest point ever of $0.97 today.USDD is at $0.98, following Sun’s hefty swap.
Source
https://t.me/Terra_Luna_Tron
