ICYMI: Tron has burned over 125 million coins as issuing $TRX stays at negative 120 million TRX cryptocurrency
With the mint of each USDD, $1 worth of TRX is getting burned, which expands the supply of USDD. With an expanding and decreasing supply, Tron is able to control the price of the stablecoin at $1.Terra's stablecoin, UST, functioned on the market with no issues at all until Bitcoin's drop below $35,000 caused a panic on the cryptocurrency market and increasing outflows from UST on Anchor.
With a massive drop in exit liquidity, UST lost its peg for a moment, causing the price of the stablecoin to drop below $1, which is now questioning the reliability of an entire mechanism that relies on the core of USDD stablecoin.
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