TechFlow News — In response to widespread market speculation regarding USDD de-pegging, TRON announced on November 18 that USDD had temporarily lost its peg due to market liquidity pressures. The team emphasized that USDD remains backed by ample reserve assets and is fundamentally secure.
The temporary de-pegging of USDD was primarily caused by the fallout from FTX and Alameda. During the recent crypto market liquidity crisis triggered by FTX, Alameda, a quantitative investment firm linked to FTX, held significant exposure to USDD. Earlier in May, Alameda was officially appointed by the TRON DAO Reserve as its first member and whitelisted institution to help maintain USDD's stability.
TRON stated, “Due to severe related-party transactions between FTX and Alameda, an industry-wide liquidity crisis ensued. Alameda sold off large amounts of USDD to raise liquidity, ultimately causing USDD to de-peg. TRON DAO Reserve has now formally removed Alameda from its whitelist.”
According to real-time data from the USDD official website, the total value of collateralized assets exceeds $1.5 billion, with a current issuance of $725 million, resulting in a real-time collateralization ratio of 206%—significantly higher than the typical stablecoin range of 100%-120%. USDD remains the most secure over-collateralized decentralized stablecoin.
As of now, USDD’s collateral consists of 14,040.6 BTC, 442,323,460 USDC, 4 USDT, and 10,911,944,467 TRX. These assets have undergone rigorous third-party audits and are managed by a decentralized organization, ensuring transparent and publicly accessible fund flows.
Additionally, TRON noted that USDD’s price fluctuations remain within normal ranges and suggested the possibility of coordinated short-selling by certain entities. The TRON Monetary Reserve will work closely with partner institutions to stabilize USDD’s peg, asserting that temporary market panic and liquidity issues will not have a long-term impact on USDD’s stability.
Currently, USDD has been adopted as a payment method by blockchain-based platforms such as Travala and Wirex, and is being used across various applications. It has also been legally recognized as legal tender digital currency in Dominica, granting it fiat status—an endorsement reflecting recognition from both sovereign nations and major enterprises.
TRON urged users to critically evaluate information circulating on social media, warning against misinformation and selective quoting. Users should rely solely on real-time data published on the official USDD website for accurate updates.
