Crypto exchange FTX, trading firm Alameda Research, and news of the hundreds of other companies exposed to their collapse has kept the spotlight off a few floundering projects. Take, for instance, Justin Sun’s personal “algorithmic” stablecoin USDD.

FTX withdrawals stopped functioning on November 6 and 7. Two days later, something broke for USDD. Price briefly spiked to $1.01 on November 9 and then began to drop. USDD slipped from its $1 peg, falling to as low as $0.97. 

Hosted on Acast. See acast.com/privacy for more information.