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Results for Spotlight, USDD

9 stories, newest first

Nov 13, 2025 — AI, BitTorrent

Justin Sun has launched and endorsed a huge number of cryptocurrency projects, and many have since been abandoned.

USDD, the Justin Sun-founded stablecoin, has abandoned its DAO, rebuilt its collateral system, and has highly concentrated holdings.

Jun 24, 2025 — HTX, Justin Sun

Justin Sun's USDD is receiving most of its assets from HTX and is depositing them into new vaults launched without approval from a DAO.

Feb 25, 2025 — DAO, DeFi

USDD, a Justin Sun-affiliated stablecoin, purports to be governed by the TRON DAO Reserve, but in actuality, no DAO exists.

Jan 16, 2025 — Justin Sun, Tether

Justin Sun has announced that USDD 2.0 is launching soon, but details about what this new version will entail are sparse.

Despite Sun and USDD's claims that it is governed by a DAO, there are no governance votes that seem to correspond to the change.

May 23, 2024 — DAO, Tron

USDD, an algorithmic stablecoin, stores part of its collateral at HTX, a fact that no partners were willing to address.

Jan 11, 2024 — HTX, Justin Sun

HTX has been including 'collateral' for the USDD algorithmic stablecoin in its reports, raising concerns about solvency.

Dec 14, 2022 — Justin Sun, USDD

Justin Sun's stablecoin USDD has been unable to maintain a price of $1.00 ever since FTX and Alameda went bankrupt. What's the deal?