After the collapse of FTX, the stablecoin from Tron lost its peg to the dollar and has not yet returned to normal. On December 12, the USDD deviated strongly from the dollar, the price of the stablecoin was about 97 cents.

On October 10 FTX announced that it reached an agreement with Tron to allow the holders of Tron-based tokens to swap them from FTX to external wallets.

Crypto exchange Huobi Global founder Leon Li sold his 60% share in the company to About Capital Management HK.