USDD 穩定幣遭遇第五次脫鉤，引發穩定性擔憂

孫宇晨的去中心化穩定幣 USDD 兌美元匯率第五次下跌，跌至 0.97 美元。此後，該代幣小幅回升至 0.994 美元。此次脫鉤恰逢有報道稱在 Poloniex（與 Sun 相關的另一家企業）上難以維持打包比特幣的固定價值。

USDD Stablecoin Experiences Fifth Depeg Event, Raising Concerns Over Price Stability

USDD 穩定幣經歷第五次 Depeg 事件，引發對價格穩定性的擔憂

In a significant setback for algorithmic stablecoins, USDD, a decentralized stablecoin managed by Justin Sun, has lost its peg against the US dollar for the fifth time. Originally designed to maintain a fixed value of $1 through sophisticated algorithmic mechanisms, USDD has recently deviated from this target by 3%, trading as low as $0.97.

孫宇晨管理的去中心化穩定幣 USDD 第五次失去與美元掛鉤的地位，這對演算法穩定幣來說是一個重大挫折。 USDD 最初旨在透過複雜的演算法機制​​維持 1 美元的固定價值，但最近偏離了這一目標 3%，交易價格低至 0.97 美元。

The latest depeg incident exacerbates concerns over the stability and viability of algorithmic stablecoins, which have been touted as an innovative and decentralized alternative to traditional fiat currencies. Critics have long questioned the ability of these coins to maintain their peg in extreme market conditions, and the recent volatility of USDD has only served to amplify these concerns.

最新的脫鉤事件加劇了人們對演算法穩定幣穩定性和可行性的擔憂，演算法穩定幣被吹捧為傳統法定貨幣的創新和去中心化替代方案。批評者長期以來一直質疑這些代幣在極端市場條件下維持錨定匯率的能力，而近期美元兌美元的波動只會加劇這些擔憂。

Notably, the USDD depeg coincides with reports of difficulties in maintaining the peg of wrapped Bitcoin (WBTC) on Poloniex, another venture linked to Justin Sun. This development has raised further questions about the underlying mechanisms and risk management strategies employed by these ventures.

值得注意的是，在 USDD 脫鉤之際，有報道稱，在 Poloniex（與孫宇晨有關的另一家企業）上維持包裹式比特幣 (WBTC) 的錨定存在困難。這項發展對這些企業所採用的基本機制和風險管理策略提出了進一步的問題。

Furthermore, Justin Sun's cryptocurrency projects have recently faced a barrage of challenges. HTX, a crypto exchange where Sun serves as an advisor, has been embroiled in accusations of unfair practices and customer complaints regarding the alleged misuse of personal Bitcoin holdings by Sun. These controversies have cast a shadow over Sun's ventures and led to increased scrutiny of his leadership.

此外，孫宇晨的加密貨幣計畫最近面臨一系列挑戰。 Sun 擔任顧問的加密貨幣交易所 HTX 因 Sun 涉嫌濫用個人比特幣持有而被捲入不公平行為的指控和客戶投訴。這些爭議為孫宇晨的事業蒙上了陰影，並導致人們對他的領導力進行更嚴格的審查。

While USDD has since partially recovered and is currently trading at $0.994, the recent depeg event has highlighted the volatility and risks associated with algorithmic stablecoins. Regulators and investors alike will continue to monitor the situation closely as the debate over the viability and regulation of these innovative financial instruments intensifies.

儘管 USDD 此後已部分回升，目前交易價格為 0.994 美元，但最近的脫鉤事件凸顯了與演算法穩定幣相關的波動性和風險。隨著有關這些創新金融工具的可行性和監管的爭論加劇，監管機構和投資者將繼續密切關注事態發展。