WHY 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...
As 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...
I'm shorting trx. Not sure why USDD is collapsing but it is. The tron dao website doesn't have the reserves upfront anymore - trying to find the info...
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...
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...
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...
