Get started

Decentralized USD/Tether

No trades
See on Supercharts
Overview News
Ideas
Technicals Markets

USDDUSDT trade ideas

WHY TETHER’S PARTNER BRITANNIA BANK IS FACING MASSIVE LAWSUITWHY TETHER’S PARTNER BRITANNIA BANK IS FACING MASSIVE LAWSUIT Britannia Financial Group, partnered with Tether, faces a legal battle over a $1 billion deposit made by Tether into one of its subsidiaries. The lawsuit involves a dispute over a brokerage acquisition and payment disagreements, amidst allegations against Britannia’s founder for bribery. This legal issue highlights the complex and opaque banking relationships in the cryptocurrency industry, with potential implications for Tether and the broader crypto market. Britannia Financial Group, a name that’s been resonating in the financial corridors for its association with Tether, the largest stablecoin issuer, is now in the eye of a legal storm. The group, which received over $1 billion from Tether, is embroiled in a complex legal battle, revealing the intricacies and risks involved in the banking relationships of all cryptocurrency entities.
Long
by henryartem
USDD Strablecoin DepeggingAs i warned you in the past article, TRX is about to collapse because of USDD: According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX , BTC , and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%. This is the USDD collateral: TRX 10,929,535,279 BTC 14,040.6 = about $313Mil USDT 29,964,253 USDC 39,719,839 so besides TRX , the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil. Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion. Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654. Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin". Looking forward to read your opinion about it.
Short
by TopgOptions
🔥 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.
by FieryTrading
7
USDD TRONX stable | Decentralised coin USD, possible?Hello all, First of all, neither I am a crypto expert nor a fundamental researcher, my analysis is based on technical charts and price actions. Secondly, the USDD Tronx slips its peg to USD $$$ for a week, which means that the price action is now in motion. ( Newtons 1st rule, when an object is in motion, it will continue in motion ... !!!) Thirdly, so far the price actions show the weak signal of reversal + monthly candle in BTC will close soon in the next 10 days. My probability is that we might see some further downside of USDD as well as TRONX price (70% it will happen), however, is it as damaged as Moon 1 or 2? Please leave your comment below. Structure: PA must close as soon as possible during this month of June above the R2 and R1 with at least a "3D candle" green body above the R2 line in order to "short squeeze". If not, well Less is more, the chart would tell you all that you might see in the next couple of days. Cheers and please consider staying on the safe side. Thank you for your sharing and comments.
Short
by JimParis
📊Are TRX and USDD next SCAM coins? $3B to save the peg!Should you have to short the TRON with x20 leverage? In this idea i explain you all pros and cons for traders in the current situation. 📊USDD is the alghoritmical stablecoin that start to lost it`s peg with USD. This is very similar to the case of UST that lost it`s peg a month ago. Of course you remember the Luna and Luna 2.0 that lost almost all capitalization because of UST peg. 🔶Will it happen to TRX? Now CEO of the Tron (TRX) announce additional money flow to protect the USDD(Tron stablecoin) to dave it`s peg to USD (1:1). There is about $3 billion in reserves right now to save Stablecoin and Tron project but peg is continuing to fall. 🔶Should i sell or buy TRX? Friends, check this idea that was published at May 9. When TRX pumped i tell that is not the best time to buy it. After the second liquidity collection of the value area it fell for -46%(!). At the current situation the value area of $0.3-0.33 could become the huge support for the price and revesal point. The value area of $0,59-0,66 is the resistance for the price. And if the TRX return to this area it will be hard to break it. As you can see at the volume indicator the bars are not even renew it`s higs or previous highs. 🔶 No one knows what happend to price but technical analysis in combination with volume indicator could help you to open a trade and understand the nest price movements. ✅Now after -46% DUMP i don`t reccomend you to gamble. Better to save the money to the possible bullish trend in 1-2 year or use small part of your depo to stufy trading this situations. Actually, i don`t recommend you to trade such dumps without using trading strategy as it was with lunatics at Luna 1.0 dump. They almost destroyed. Additionally, today is the a day of uncertainty. The FED meeting can dump the stock and crypto markets after rate hikes to 0,75%! 🏁Traders, write your thoughts about current situation with Tron. Will the USDD lost it`s peg and we need to open a short or it skyrocket to the moon in 2-3 months? 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
6