Stablecoin USDD dips below $0.97 amid market jitters | Invezz

Stablecoin USDD dips below $0.97 amid market jitters | Invezz

Tron‘s Decentralised USD (USDD/USD) stablecoin dipped below $0.97 on Monday to touch its lowest level sincethe market turmoil of June 2022. As per data from market tracking site CoinGecko, USDD’s value depegged to $0.9695, declines in the stablecoin’s value coming amid broader market jitters around cryptocurrency exchanges. The overcollateralised US dollar-pegged stablecoin’s fresh stumble follows … Read more

FTX stablecoin withdrawals surge amid liquidation claims | Invezz

FTX stablecoin withdrawals surge amid liquidation claims | Invezz

FTX crypto exchange has recorded a surge in stablecoin withdrawals amid crowing unsubstantiated fears surrounding the exchange’s financial status. According to Nansen data, more than $451 million in stablecoins have been withdrawn from FTX in the last seven days. There has generally been a flurry of large withdrawals from FTX users after details of FTX’s … Read more