In a bold move, Justin Sun is channeling $2 billion to fortify the struggling USDD peg and prevent it from failing.

The founder of TRON Justin Sun recently pointed out that the TRX position on Binance is under significant short-selling pressure and predicted a 'short squeeze' could be imminent within the next day. He also mentioned through a tweet that $2 billion would be allocated to counteract this detrimental position. tweeted In a significant effort, over $800 million has been pumped into TRON DAO to stabilize the USDD peg. USDD, a stablecoin, relies on the burning of TRX to maintain its value against the dollar. To prevent a catastrophic market crash similar to what we've seen before, USDD is now employing a strategy of over-collateralization, involving the acquisition of various assets such as TRX, BTC, and other stablecoins like TUSD, USDC, USDJ, and USDT in a ratio ranging from 1:1 to 1:1.3.

At the moment, the collateralization ratio for USDD, which is intended to guarantee its stability, stands at 280% according to the official site. However, in recent hours, the peg of USDD has experienced turbulence as the broader cryptocurrency market has faced significant challenges. Recent data from CoinMarketCap indicates that the value of this algorithmic stablecoin has dipped to $0.98.

In the hours following his tweet, TRON DAO’s reserve RTFKT is hinting at an exciting new apparel line complemented by real-life events. UST-LUNA Balmain is set to unveil 'The Non-Fungible Thread', tapping into the world of digital and physical fashion.

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