Justin Sun stored USDD reserves at HTX for proof-of-reserves
HTX has been including ‘collateral’ for the USDD algorithmic stablecoin in its reports, raising concerns about solvency.
Bitcoin24h
$64,672.12+3.78%
Ethereum24h
$3,085.15+2.07%
BNB24h
$559.40+3.33%
Solana24h
$143.55+7.84%
XRP24h
$0.4986+1.15%
Toncoin24h
$6.45+4.95%
Dogecoin24h
$0.1515+3.06%
Cardano24h
$0.4683+5.10%
Shiba Inu24h
$0.0000+2.65%
Avalanche24h
$35.14+2.81%
Justin Sun’s stablecoins are melting
With no recent capital injections or incentives for short-sellers, solving problems with USDD and USDJ doesn’t seem to be a priority for Sun.
Justin Sun’s stablecoin USDD quietly loses peg amid FTX chaos
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?
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