Justin Sun’s stablecoins are melting
With no recent capital injections or incentives for short-sellers, solving problems with USDD and USDJ doesn’t seem to be a priority for Sun.
Cryptocurrency news by Protos · Protos
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Both of Justin Sun’s stablecoins, one of which Protos has previously reported on, are struggling to maintain their promised $1.00 peg.
At the time of writing, USDD is hovering around $0.97, and USDJ is trading at $1.09. Curiously, this means that one of Sun’s stablecoins is melting down while the other is melting up.
Hosted on Acast. See acast.com/privacy for more information.