Highlights:
USDD lost its dollar-pegged price on Monday.
The USDD traded at around US$0.97 on Wednesday.
The TRX saw the highest price of US$0.09094 in the last 30 days.
The Tron (TRX) crypto was on investors' radar Wednesday after its stablecoin USDD lost its dollar-pegged price this week amid a slump in the overall market. The TRX price declined more than 7%, while its volume in the last 24 hours rose over 33%.
On Monday, the USDD price fell to as low as US$0.91 as investors assessed the effect of higher inflation and tightening monetary policy in the financial market.
What is Tron (TRX) crypto?
Tron is a decentralized operating system based on blockchain technology. Tron Foundation launched the project in 2017. Its native token, TRX, was originally an ERC-20 token, but later it moved to its network. It trades on several exchanges like KuCoin, Binance, Bitfinex, etc.
It was initially created to provide full ownership rights to digital content creators. It helps content creators...
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