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
$82,960.21+0.67%
Ethereum24h
$2,508.59+1.10%
BNB24h
$749.24+1.45%
XRP24h
$1.40+1.21%
Solana24h
$110.19+0.86%
TRON24h
$0.3305-0.36%
Hyperliquid24h
$85.24+1.31%
Zcash24h
$1,223.90+1.13%
Dogecoin24h
$0.0860+1.77%
Monero24h
$525.84+1.51%
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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Initiate ‘bunker mode’ to protect crypto from AI, says Justin Drake—by Protos Staff
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Inside EQIBank’s $84M seizure—by Protos Staff
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Nike overpaid $7.9 billion buying back its own stock—by Protos Staff
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Stablecoin Development Corp price pumps for no reason—by Cas Piancey
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ZachXBT poses as money launderer to infiltrate Lazarus network—by Protos Staff
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Nike warns of layoffs as stock hits 13-year low—by Protos Staff
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MetaMask unstakes $1.4B of ETH after validator rewards stolen—by Protos Staff
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Abracadabra blames hacks for shutdown amid ‘looting’ claims—by Protos Staff
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MongoDB CEO quits to join Meta, stock crashes $6 billion behind him—by Protos Staff
