RIP LUNA & UST ! Is USDD be same like that..

[tbct_mt2]

USDD was starting to depeg and justin sun was trying to add more and more collateral to prevent it. The algorithmic stable token was actually failed in this case. USDD may have the same future like UST but the thing that is better than UST was if USDD was also using stable token to backed its token and it's not fully pegged with the tron token. From there im sure that if this token is a bit sustainable compared with the UST in term of value to peg with the dollar.

Three things for discussion

First of all, Justin Sun is handling it better than Do Kwon. He does not sacrifice TRX to rescue USDD. He is spending real capital to save USDD, not minting more TRX to save USDD. If he does this like Do Kwon, both TRX and USDD will end in hell.

Secondly, we can not ignore that the algorithm for USDD algorithm stable coin is mostly similar to UST and LUNA. So there is risk to see hell again.

Lastly, this crisis does not only relate to collateral. When a bank-run happens, it does not mean only about collateral but it means everyone want to exit. Unfortunately, there is only one exit gate and the pressure of exit makes the gate become too small.

[1714504506]

1714504506

[malcovi2]

USDD was starting to depeg and justin sun was trying to add more and more collateral to prevent it. The algorithmic stable token was actually failed in this case. USDD may have the same future like UST but the thing that is better than UST was if USDD was also using stable token to backed its token and it's not fully pegged with the tron token. From there im sure that if this token is a bit sustainable compared with the UST in term of value to peg with the dollar.

Three things for discussion

First of all, Justin Sun is handling it better than Do Kwon. He does not sacrifice TRX to rescue USDD. He is spending real capital to save USDD, not minting more TRX to save USDD. If he does this like Do Kwon, both TRX and USDD will end in hell.

Secondly, we can not ignore that the algorithm for USDD algorithm stable coin is mostly similar to UST and LUNA. So there is risk to see hell again.

Lastly, this crisis does not only relate to collateral. When a bank-run happens, it does not mean only about collateral but it means everyone want to exit. Unfortunately, there is only one exit gate and the pressure of exit makes the gate become too small.

but the question is will Justin Sun really going to use his assets to bail people out from the goodness of his heart? I really dont think so, my opinion is the collateral is just to entice people to put their hard earned money while he slowly dumps USDD.
I will assume that if 300m USDD is staked then it prints around 166k USDD per day, i dont think that this will last another month. "this is a pessimistic calculation", i didnt use the 40%APY which hastens the downfall of this ponzi scheme.

[$anounimus$]

My one more concern is with the USDD and TRX there are more possibilities that USDD can also face such positions but the Reserve and Market Capital Partners in USDD are one the biggest ventures onboard and in this Panic situation still, USDD made a good resistance on a $255M capital and keep growing reason major @AlamedaResearch @ambergroup_io @Polonniex. I am hoping good for USDD and if such a condition comes then TRX in DIP will be a buying spot and LUNA is also an opportunity but on which price you have to decide.

Other Hyped Topics Covered

Tron (TRX) Time is Here! What about a new ATH:
https://bitcointalk.org/index.php?topic=5397716.msg60072028#msg60072028

Well, I think USDD is a better project than LUNA and I'm holding some USDD. Overall, it is surprising to see that TRX has been able to remain stable, even at a time when the market is experiencing such a high level of volatility, and it clearly shows that there is still a lot of support for cryptocurrency.

I believe that the hardworking team behind TRX will take the necessary actions for any of their future endeavors. I also agree that even in one of the worst market conditions, USDD can take a hit and recover on its own as it is supported not only by foundations and actually by DIP/TRX holders TOO.

Who knows, maybe in the future TRX could become the number one stablecoin in the market.

[malcovi2]

Well, I think USDD is a better project than LUNA and I'm holding some USDD. Overall, it is surprising to see that TRX has been able to remain stable, even at a time when the market is experiencing such a high level of volatility, and it clearly shows that there is still a lot of support for cryptocurrency.

I believe that the hardworking team behind TRX will take the necessary actions for any of their future endeavors. I also agree that even in one of the worst market conditions, USDD can take a hit and recover on its own as it is supported not only by foundations and actually by DIP/TRX holders TOO.

Who knows, maybe in the future TRX could become the number one stablecoin in the market.

how is TRX a stablecoin?
how is USDD is a better project than LUNA when its just a doing the similar mechanisms, printing new tokens in a unsustainable amounts? I doubt that these scheme can last a year with its current APY, 500M USDD is enough to drain that collateral within a year.

[dlightag]

Luna will be recovered, just a matter of time, the hack was heavy to a point UST lost his role model as a stable coin, as long cryptocurrency market is trending in ecosystem and maybe next Bull run Luna we bounce back, and is a very good position to buy and hold for a long time.

[jossiel]

USDD's low is $0.96 and that's nearly out of the range.

I do not trust these stable coins that has got out. Sad to say that you really won't know how long these stable coins will drop and depegged to USD.

If there's one stable coin that I can use, I'll choose DAI instead of these. Stable coins are great help especially when the bull run to save your money and wait until the bear comes.

But, if we keep on seeing lower than the peg of it on USD, you really will lose your trust on some of them.

Luna will be recovered, just a matter of time, the hack was heavy to a point UST lost his role model as a stable coin, as long cryptocurrency market is trending in ecosystem and maybe next Bull run Luna we bounce back, and is a very good position to buy and hold for a long time.

Sad to say that might not happen anymore.

[Faisal2202]

The USDD protocol uses TRX as the base currency to price USDD. The USDD protocol maintains the market price of USDD around the target price regardless of market conditions using the following method:

Good research their, my thought are becoming clear after reading some points of view of other community members here, well as tron has backup more than the usdd supply, that's why i think it becomes possible.
Lets say, tron got hyped in the next era, but it do need something unique like meta verse project which are not just bluff like reall working projects to help real time people, like meta of facebook is making great progress.

[Hamza2424]

USDD was starting to depeg and justin sun was trying to add more and more collateral to prevent it. The algorithmic stable token was actually failed in this case. USDD may have the same future like UST but the thing that is better than UST was if USDD was also using stable token to backed its token and it's not fully pegged with the tron token. From there im sure that if this token is a bit sustainable compared with the UST in term of value to peg with the dollar.

Still I'm Afraid about the Future of the  TRON TRX is going through a Crisis same like UST but TRON is managing condition more appropriated as compared to the UST team did if USDD survives this pressure then it can be a great achievement by the team and USDD can be more powered in future.

USDD is Quite better due to better reserve Power and LUNA UST were pegged by Suppply and demand ratio but in case of TRX these coins are pegged but on basis of market value not on supply

[Kopetunto]

I really can't say USDD is dead like LUNA and UST,
I'm also sure Justin SUN already has a way to prevent USDD and TRON from dying like LUNA coins,
we know the progress and development of TRON, so we have to believe they can overcome that,
judging from the current situation I don't think there is any indication of death like UST and LUNA, so take it easy

[fuguebtc]

I really can't say USDD is dead like LUNA and UST,
I'm also sure Justin SUN already has a way to prevent USDD and TRON from dying like LUNA coins,
we know the progress and development of TRON, so we have to believe they can overcome that,
judging from the current situation I don't think there is any indication of death like UST and LUNA, so take it easy

I'm holding a little USDD not too much, I think maybe Justin calculated the risk for USDD seeing how UST collapsed. even though USDD's market cap is not as big as UST but if it crashes it will cause extreme panic in the market and people will leave the market. The current situation is not too serious so let's stay calm but always be ready because things in crypto are always unexpected.

Luna will be recovered, just a matter of time, the hack was heavy to a point UST lost his role model as a stable coin, as long cryptocurrency market is trending in ecosystem and maybe next Bull run Luna we bounce back, and is a very good position to buy and hold for a long time.

It's really dead, if you invest in it and hope it comes back. So sorry to send my condolences to you.

[lepbagong]

Luna will be recovered, just a matter of time, the hack was heavy to a point UST lost his role model as a stable coin, as long cryptocurrency market is trending in ecosystem and maybe next Bull run Luna we bounce back, and is a very good position to buy and hold for a long time.

I think that LUNA will no longer be able to recover and the chances are very small, so if you expect that to happen I think you will spend your funds to survive and buy it wait until it will increase again.
by making changes with updates, it is seen that the market still cannot accept the fact that the initial price immediately fell drastically. it takes hard work to give confidence to investors to be able to accept it again and it is not easy.

[tvplus006]

how is USDD is a better project than LUNA when its just a doing the similar mechanisms, printing new tokens in a unsustainable amounts? ..

Both UST and USDD are decentralized algorithmic stablecoins, so they are equally vulnerable. The difference between USSD and UST is only that its capitalization is much smaller and, accordingly, the team of this stablecoin has more chances to restore the peg to the dollar by buying back excess coins from the market.