Stablecoin Watch: Is USDD Doomed to Fail?
- By Bilal Hafeez and Dalvir Mandara
- 3 min read
Summary
- We look at the new stablecoin from Tron, USDD, and asses its similarities to the TerraUSD model.
- Frax (FRAX) and Magic Internet Money (MIM) registered the largest decrease in market cap. USD Coin (USDC) and Binance USD (BUSD) are still the only coins to register increases in market cap.
- FEI remained the most volatile stablecoin out of those that we track.
- Yields on stablecoins continue to fall, in contrast to rising yields in fiat.
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