Debajit
@debajitniloy
☀️Justin Sun's USDD stablecoin is no longer supported by Bitcoin USDD, originally designed as an algorithmic stablecoin, initially included Bitcoin in its reserve assets to help maintain its stability and peg to the US dollar. However, recent developments indicate that Bitcoin has been removed from the assets backing USDD. This change may reflect a strategic shift by Justin Sun and the team behind USDD, possibly due to evolving market conditions or regulatory considerations. The removal of Bitcoin from the reserve raises questions about how USDD will maintain its stability and what alternative assets will be used to support its value.
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