On December 29, the Vader team informed users about the closure of the Vader Protocol US Dollar (USDV). This decision was due to the fact that the algorithmic stablecoin functioned as Terra, which is dangerous, and no effective restructuring methods were found.
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 December 29, the Vader team informed users about the closure of the Vader Protocol US Dollar (USDV). This decision was due to the fact that the algorithmic stablecoin functioned as Terra, which is dangerous, and no effective restructuring methods were found.
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.
The FTX crisis, like the fall of Terra, affected a lot of crypto projects, against this background, HUSD and USDD stablecoins lost their binding to the dollar.
