3 ms·
Don't count on it. If I recall correctly USDD still doesn't have a redemption mechanism. USDD is just Justin Sun messing around with folks to get a rise out of
by arcticbull 4y ago
Don't count on it. If I recall correctly USDD still doesn't have a redemption mechanism. USDD is just Justin Sun messing around with folks to get a rise out of them. He can restore the peg at his discretion for a few bucks.
Sun was on twitter a few months ago shitposting about "steady lads deploying capital" (referring to Do Kwon's infamous Terra posts) as it lost the peg before, and nothing came of it then either.
USDD isn't a 1:1 asset backed coin, and it's not a properly algorithmic coin. Also Justin Sun is a piece of work. It's all just a weird mess. Moreso than usual for crypto.