bottoming out at the big crypto ecosystems?
Altcoin heavyweights such as Cardano (ADA), Avalanche (AVAX), Near Protocoll (NEAR) and Polkadot (DOT) have been hit hard in the current bear market and have been sold off heavily. Between 83 and 87 percent since the all-time high are here in the books as a loss or have been realized. Market expert Stefan Lübeck examines a possible investment based on previous sales and fundamental developments.
How is Tron’s USDD stablecoin backed?
Stablecoins, especially algorithmic ones, have been the focus of attention since the implosion of UST. It was precisely in this context that Tron launched its own algorithmic stablecoin, USDD. Then tonight the news that Justin Sun has increased the collateral or backing of USDD and intends to increase it further. Reason for us to take a closer look at USDD. How is it supported, which assets are deposited as collateral? In the process, we bump into an old acquaintance.