USDD 穩定幣打破美元掛鉤，引發 TRX 拋售

演算法穩定幣 USDD 已經失去了與美元的掛鉤，引發了人們對演算法穩定幣可行性的擔憂。脫鉤給以 USDD 支持的 Tron (TRX) 代幣帶來壓力，導致 TRX 週一下跌 16.1%。更廣泛的加密市場也受到了影響，對演算法穩定幣的情緒惡化。

Algorithmic Stablecoin USDD Depegs from Dollar, Exacerbating TRX Sell-Off

演算法穩定幣 USDD 脫離美元，加劇 TRX 拋售

The crypto market has witnessed the depegging of yet another algorithmic stablecoin from the US dollar, raising concerns over the viability of such instruments. USDD, a recent addition to the stablecoin landscape, has lost its dollar peg, exerting downward pressure on its underlying asset, Tron (TRX).

加密市場見證了另一種演算法穩定幣與美元的脫鉤，引發了人們對此類工具可行性的擔憂。最近加入穩定幣領域的 USDD 已經失去了與美元掛鉤的地位，對其基礎資產 Tron (TRX) 施加了下行壓力。

USDD's Unpegging and Its Impact on TRX

USDD脫鉤及其對TRX的影響

On Monday, June 14, USDD experienced a decline of 1.12% against Tether (USDT), closing the day at $0.9890. This marked a significant departure from its intended $1 peg, prompting concerns about its stability. The depegging has had a cascading effect on TRX, whose price has continued to fall despite a broader market rally. On Monday, TRX plummeted by 16.1%, underscoring the close correlation between the two assets.

6 月 14 日星期一，USDD 兌 Tether (USDT) 下跌 1.12%，收在 0.9890 美元。這標誌著其與 1 美元掛鉤的預期明顯背離，引發了人們對其穩定性的擔憂。脫鉤對 TRX 產生了連鎖反應，儘管市場整體上漲，但 TRX 的價格仍在繼續下跌。週一，TRX 暴跌 16.1%，凸顯了兩種資產之間的密切相關性。

Factors Contributing to the Sell-Off

導致拋售的因素

The extended sell-off in the crypto market was driven by a combination of factors, including investor sentiment towards the Federal Reserve's monetary policy stance and news of DeFi lender Celsius freezing withdrawals and transactions. However, for TRX, the USDD depegging acted as an additional catalyst for selling pressure.

加密貨幣市場的持續拋售是由多種因素推動的，包括投資者對聯準會貨幣政策立場的情緒以及 DeFi 貸款機構攝氏度凍結提款和交易的消息。然而，對於 TRX 來說，美元脫鉤是拋售壓力的額外催化劑。

USDD's Mechanism and Failure

USDD的機制和失敗

Launched in May, USDD was designed to rival Terra, with an algorithm similar to TerraUSD (USTC) and Terra Luna (LUNA). USDD's pegging mechanism relies on the native token TRX, mirroring Terra Lab's failed TerraUSD. As explained by Tron founder Justin Sun, the mechanism involves arbitrageurs sending 1 USDD to the system to receive $1 worth of TRX when USDD's price falls below $1. Conversely, when the price exceeds $1, arbitrageurs can send $1 worth of TRX to receive 1 USDD.

USDD 於 5 月推出，旨在與 Terra 競爭，其演算法類似於 TerraUSD (USTC) 和 Terra Luna (LUNA)。 USDD 的掛鉤機制依賴原生代幣 TRX，反映了 Terra Lab 失敗的 TerraUSD。正如 Tron 創始人 Justin Sun 所解釋的，該機制涉及當 USDD 價格跌破 1 美元時，套利者向系統發送 1 USDD，以獲得價值 1 美元的 TRX。相反，當價格超過 1 美元時，套利者可以發送價值 1 美元的 TRX 來接收 1 USDD。

Despite its initial promise, USDD has failed to maintain its peg. This failure has raised concerns about the sustainability of algorithmic stablecoins, particularly in the wake of the TerraUSD collapse.

儘管做出了最初的承諾，但美元兌美元未能維持其錨定匯率。這一失敗引發了人們對演算法穩定幣可持續性的擔憂，特別是在 TerraUSD 崩潰之後。

Implications for the Broader Crypto Market

對更廣泛的加密貨幣市場的影響

While TRX has borne the brunt of the market reaction to the USDD depegging, the broader crypto market remains at risk. The failure of stablecoins such as TerraUSD, Tether (USDT), and now USDD underscores the potential for contagion effects within the crypto ecosystem.

儘管 TRX 首當其沖地受到了市場對美元脫鉤的反應，但更廣泛的加密貨幣市場仍然面臨風險。 TerraUSD、Tether (USDT) 和現在的 USDD 等穩定幣的失敗凸顯了加密生態系統內蔓延效應的可能性。

Technical Analysis for TRX

TRX 技術分析

At the time of writing, TRX was trading at $0.0613, down 4.07% on the day. Technical indicators point to a bearish outlook, with the market needing to see a restoration of the USDD peg to find support. TRX will need to move through the day's $0.0671 pivot to target the First Major Resistance Level at $0.0735. Failure to move through the pivot brings the First Major Support Level at $0.0575 back into play.

截至撰寫本文時，TRX 交易價格為 0.0613 美元，當日下跌 4.07%。技術指標顯示前景看跌，市場需要看到美元盯住美元的恢復才能找到支撐。 TRX 需要突破當天 0.0671 美元的樞紐點，目標是第一個主要阻力位 0.0735 美元。如果未能突破該樞軸點，則 0.0575 美元的第一主要支撐位將重新發揮作用。

Conclusion

結論

The depegging of USDD serves as a stark reminder of the risks associated with algorithmic stablecoins. Investors must exercise caution when investing in such instruments, as the failure of one stablecoin can ripple through the broader crypto market. Meanwhile, Tron remains under pressure as the USDD situation continues to unfold.

美元兌美元的脫鉤明確提醒人們與演算法穩定幣相關的風險。投資者在投資此類工具時必須謹慎行事，因為一種穩定幣的失敗可能會波及更廣泛的加密貨幣市場。同時，隨著 USDD 局勢的持續發展，Tron 仍面臨壓力。