Tron's Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity
The stablecoin USDD dropped to $0.97 per unit and the Tron DAO Reserve had to deploy funds to defend the $1 parity.
The organization purchased 700 million USDC to "defend [the] USDD peg".
On June 13, the crypto asset tron (TRX) dropped significantly in value
and Tron's founder Justin Sun spoke about traders shorting the digital currency.
Sun said the organization would deploy $2 billion to "fight them" and said he didn't think the shorter could last 24 hours.
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