As per the data, Justin Sun’s Tron USDD Stablecoin is de-pegging heavily and it could be in the process of collapsing. USDD which is meant to trade at $1 is now valued at $0.976, at the press time. It is almost 5% down from its fixed value.

However, its 24 hour trading volume is up by a whopping 226% to stand at $31.4 billion. USDD is holding a market cap of around $709 million.

TRON (TRX) has taken a massive hit as its price has dropped by a major 8% in the last 24 hours. TRX is trading at an average price of $0.0507, at the press time. While its 24 hour trading volume has surged by a massive 167% to stand at $441.7 million.

(By Ashish Kumar)