USDD is depegging fast! Justin Sun recently bought a lot of BTC to back this USDD. It seems these will be sold imminently to support the peg. Another big dump could be imminent

USDD "stablecoin" is depegging fast. Many called for it, but now its happening now. USDD is down to 99c now. It was at 92% collateralization yesterday, but the situation has worsened since then. Now its down to 97c

Large USDD swaps are being made, holders are exiting to other stables. The USDD curve pool's liquidity has been drained and exit to other stables is down to 9m i.e. only another 9M worth USD can be exited into, before USDD collapses

Justin Sun bought a ton of BTC to support USDD's peg. Just recently they bought $50m worth. https://www.theblockcrypto.com/linked/151517/tron-dao-buys-50m-of-bitcoin-and-trx-to-add-to-usdd-reserves

Now these assets need to be deployed to save USDD's peg.

Another death spiral could be headed our way.

Lol Justin...https://twitter.com/justinsuntron/status/1536260267117527040

Funding rate of shorting on binance is negative 500% APR.

trondaoreserve will deploy 2 billion USD to fight them. I don't think they can last for even 24 hours. Short squeeze is coming.

This is literally a rewind of May.. Im here for it