The USDD price is $1.00, a change of 0.93% over the past 24 hours as of 7:23 a.m. The recent price action in USDD left the tokens market capitalization at $729,259,702.33. So far this year, USDD has a change of 1.81%. USDD is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
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Community sentiment soured around Huobi, which has Tron founder Sun as an adviser, after it said it will lay off hundreds of staff in coming weeks.
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The algorithmic decentralized stablecoin modeled after Terra's now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital assets.
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Justin Sun speculated in a tweet that struggling trading firm Alameda might have started the deviation by selling its USDD holdings.
Decentralized USD (USDD) fell to as low as 91 cents on crypto exchanges early Monday and was changing hands around 99 cents at press time.
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