Justin Sun has seen signs of an impending attack on the algorithmic stablecoin USDD, which was launched on the Tron network this month.
The CEO of the Tron Foundation has promised to allocate $2 billion through the TRON DAO Reserve to prevent USDD from losing its peg to the US dollar, as has recently happened with Terra USD (UST).
The prices of UST and LUNA crashed yesterday.
Sun has noted a sharp increase in the cost of funding to open a short on TRX, which acts as collateral for USDD. According to his estimates, in terms of annual profitability, the indicator jumped to 377.56%. These figures reflect the bearish demand for the asset.
