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.
Bitcoin24h
$91,232.12-0.19%
Ethereum24h
$3,083.45+0.87%
XRP24h
$2.13-2.39%
BNB24h
$920.86+0.63%
Solana24h
$138.48+0.75%
TRON24h
$0.2880-0.41%
Dogecoin24h
$0.1582+0.92%
Cardano24h
$0.4667-0.24%
Hyperliquid24h
$38.19-7.36%
Zcash24h
$629.47+10.12%
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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Michael Saylor’s wealth sheds $4B as MSTR and BTC slide—by Protos Staff
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Strategy’s market cap falls below value of its bitcoin holdings—by Protos Staff
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Checking the math on Lava’s ‘millions’ in user savings—by Protos Staff
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Justin Sun’s graveyard of abandoned crypto projects—by Protos Staff
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Bybit freeze exposé highlights decentralization transparency issues—by Protos Staff
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Uniswap fee-switch: new era for DeFi or ‘a sad day for DAOs’?—by Protos Staff
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Dathon Ohm: the dev who wants to fork Bitcoin—by Protos Staff
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How Jim Chanos outplayed Michael Saylor: short MSTR, long BTC—by Protos Staff
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Strategy’s preferred shares spell out an unfortunate acronym: FCKD—by Protos Staff
