1/ $USDD has started to depeg and is trading at $0.9788.
The USDD vs. USDC/USDT/DAI pool is out of balance, with USDD accounting for 82.27%.
What you need to know about $USDD.👇
2/
What happened on on-chain?
On November 8, whale 0x3f34 exchanged 4,495,446 $USDD for 4,466,269 $USDT, with a ratio of 0.9935.
After that, $USDD started to depeg.
18 hours ago, whale 0x3155 exchanged 6,653,731 $USDD for 6,519,662 $USDC, with a ratio of 0.9799.
3/
How about the #Tron reserve for $USDD?
The total $USDD supply is $725M and total collateral $2B.
Collat. Ratio is 283.01%
usdd.io/#/
4/
Checked the collateral details and found that over 99% of $TRX was unavailable.
And all $USDC is deposited to #Justlend.
5/
The $USDC on #Justlend has been lent out and there is only 596M $USDC left.
So available collateral is only 596M $USDC and14,040.6 $BTC($230M).
The actual Collat. Ratio is only 114%.
6/
If you hold $USDD, please pay attention to the safety of your funds.
Share this Scrolly Tale with your friends.
A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.