Tron's USDD algorithmic stablecoin USDD has lost its parity with the US dollar today and has fallen to $0.97. However, it seems that the asset has recovered and is currently trading at $0.989.
The loss of parity has coincided with the collapse of the crypto market. In particular, Bitcoin is trading at around $24,400, while Ether has fallen below $1,240.
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The TRON DAO Reserve has previously purchased $50 million in BTC and TRON tokens to back USDD to "safeguard the overall blockchain industry and crypto market."
According to the organization's website, there are more than 723.3 million USDD in circulation backed by reserves in Bitcoin, USDT and TRX at nearly 185% of value.