The price of the stablecoin USDD fell to $0.97 yesterday, the lowest level since June. Justin Sun, founder of the Tron Foundation, who was involved in the creation of the algostablecoin, has said that the asset has over-collateral (200%), and that transactions related to it can be monitored in the browser.
The loss of parity with the USD was observed against the backdrop of a neutral-negative environment in the digital asset market.
According to the Tron DAO, a 3% deviation of the price of a stablecoin from the US dollar is considered a “penetration.”
The discount was formed in June after the collapse of the Terra ecosystem but a month later, the parity has been restored.
