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
$106,175.84+3.96%
Ethereum24h
$3,326.84+1.50%
XRP24h
$3.17+2.20%
Solana24h
$250.39+3.27%
BNB24h
$691.85+1.43%
Dogecoin24h
$0.3715+4.71%
Cardano24h
$1.00-0.41%
TRON24h
$0.2447+2.67%
Chainlink24h
$26.59+6.06%
Avalanche24h
$36.92+2.65%
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?
-
Ethereum Foundation’s response to community backlash — dump more ETH—by Protos Staff
-
USDD 2.0 has no whitepaper, no governance, and 20% yield—by Protos Staff
-
Justin Sun invites you to join him at Trump inauguration for $50k—by Protos Staff
-
Why have MicroStrategy insiders been dumping MSTR?—by Protos Staff
-
Ripple billionaires’ RLUSD captures less than 0.04% of stablecoin market—by Protos Staff
-
Is HTX redeeming 80% of TrueUSD?—by Protos Staff
-
Tether execs are spending big on El Salvador real estate, report—by Protos Staff
-
Exclusive: Tether whale Heka thinks MicroStrategy is expensive—by Protos Staff
-
Justin Sun elected prime minister of Liberland for a second time—by Protos Staff
