Tron’s algorithmic stablecoin is depegging from the US dollar.

June 13, 2022

Tron’s stablecoin USDD broke its peg from US dollar today as it traded as low as $0.981.

Some in the crypto community are worried that this could lead to another market crash like it happened with Terra’s UST.

Tron DAO Reserve, which manages algorithmic stablecoin USDD, bought $50 million worth of BTC over the weekend.

Earlier today, Justin Sun tweeted that TRON DAO will deploy funds to protect TRX from the funding rate of shorting it on Binance.

TRON DAO announced to deploy $2 billion to fight short positions on Binance because of the funding rate.

Short squeeze is coming, Justin Sun tweeted.

As bitcoin continues to fall, the entire crypto market might be bracing itself for another massive crash.