RE: USDD Failing And What It Will Take For Stablecoin Success
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I think it's different though in the sense that it's not linked to another coin like UST was linked with LUNA?
It's bad for the people involved with USDD but great for the crypto space in general as only the strong projects will survive!
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As far as I know the collateral being used is Tron. They copied LUNA and have made some tweaks since that crashed but still is a high risk and expected to go the same way.
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I agree. The clearing out of the mess is a good thing.
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