🔥 USDD (TRON) Stablecoin Depegging: Another LUNA Collapse?

USDD is TRON's (TRX) version of UST-LUNA. An algorithmic stablecoin backed by TRX, BTC and USDC, you can see the detailed overview of collateral here: tdr.org/

From what I've read is that $0.97 is the line in the sand. Reserves will be used at $0.97 to move the price back to the 1:1 peg. Reserves being "used" simply means that they're sold in order to buy back USDD and drive up the price, we've seen the same during the LUNA collapse.

There's currently around $1,5 billion in the reserves. What if the depeg worsens? The TRX and BTC will be sold on the market, leading to significant losses in both assets (and likely many more because if BTC falls, so will the rest of crypto).

I'm not calling for a doom-scenario at the moment, just keeping a watchful eye on the USDD/USDT value. After LUNA and FTX we have to careful.

Comment:

According to their website tdr.org/ the total collateral is priced at $1,457 billion with a ratio of 200,91%.

If I calculate the ratio myself I come to these values. Something's fishy!