Holpop News

Algorithmic Tron-based stablcoin USDD for the third day can’t regain its peg to the U.S. dollar.
According to CoinGecko, the asset fell to $0.959 this morning before recovering to $0.974.
USDD uses the same algorithmic minting and burning model as TerraUSD (UST).
Whenever the USDD price is lower than the dollar, the system allows you to burn one USDD to mint a Tron (TRX) for an equivalent amount.
The USDD lost its dollar peg on Monday amid a downturn in the cryptocurrency market.
Tron Dao Reserve announced today that it will withdraw 2.5 billion TRX ($125 million) from the Binance exchange.
Withdrawing TRX from the exchange will allow the development team to prevent traders from opening large short positions.