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
$80,668.46-1.11%
Ethereum24h
$2,280.84-2.29%
BNB24h
$667.30-0.22%
XRP24h
$1.44-2.78%
Solana24h
$94.49-3.12%
TRON24h
$0.3487-0.54%
Dogecoin24h
$0.1106-0.62%
Hyperliquid24h
$40.32-3.11%
Cardano24h
$0.2717-3.44%
Zcash24h
$580.78+3.70%
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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