USDD 稳定币打破美元挂钩，引发 TRX 抛售

算法稳定币 USDD 已经失去了与美元的挂钩，引发了人们对算法稳定币可行性的担忧。脱钩给以 USDD 支持的 Tron (TRX) 代币带来压力，导致 TRX 周一下跌 16.1%。更广泛的加密市场也受到了影响，对算法稳定币的情绪恶化。

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

算法稳定币 USDD 脱离美元，加剧 TRX 抛售

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).

加密市场见证了另一种算法稳定币与美元的脱钩，引发了人们对此类工具可行性的担忧。最近加入稳定币领域的 USDD 已经失去了与美元挂钩的地位，对其基础资产 Tron (TRX) 施加了下行压力。

USDD's Unpegging and Its Impact on TRX

USDD脱钩及其对TRX的影响

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 兑 Tether (USDT) 下跌 1.12%，收于 0.9890 美元。这标志着其与 1 美元挂钩的预期明显背离，引发了人们对其稳定性的担忧。脱钩对 TRX 产生了连锁反应，尽管市场整体上涨，但 TRX 的价格仍在继续下跌。周一，TRX 暴跌 16.1%，凸显了两种资产之间的密切相关性。

Factors Contributing to the Sell-Off

导致抛售的因素

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.

加密货币市场的持续抛售是由多种因素推动的，包括投资者对美联储货币政策立场的情绪以及 DeFi 贷款机构摄氏度冻结提款和交易的消息。然而，对于 TRX 来说，美元脱钩是抛售压力的额外催化剂。

USDD's Mechanism and Failure

USDD的机制和失败

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 于 5 月推出，旨在与 Terra 竞争，其算法类似于 TerraUSD (USTC) 和 Terra Luna (LUNA)。 USDD 的挂钩机制依赖于原生代币 TRX，反映了 Terra Lab 失败的 TerraUSD。正如 Tron 创始人 Justin Sun 所解释的，该机制涉及当 USDD 价格跌破 1 美元时，套利者向系统发送 1 USDD，以获得价值 1 美元的 TRX。相反，当价格超过 1 美元时，套利者可以发送价值 1 美元的 TRX 来接收 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.

尽管做出了最初的承诺，但美元兑美元未能维持其锚定汇率。这一失败引发了人们对算法稳定币可持续性的担忧，特别是在 TerraUSD 崩溃之后。

Implications for the Broader Crypto Market

对更广泛的加密货币市场的影响

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.

尽管 TRX 首当其冲地受到了市场对美元脱钩的反应，但更广泛的加密货币市场仍然面临风险。 TerraUSD、Tether (USDT) 和现在的 USDD 等稳定币的失败凸显了加密生态系统内蔓延效应的可能性。

Technical Analysis for TRX

TRX 技术分析

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.

截至撰写本文时，TRX 交易价格为 0.0613 美元，当日下跌 4.07%。技术指标显示前景看跌，市场需要看到美元盯住美元的恢复才能找到支撑。 TRX 需要突破当天 0.0671 美元的枢轴点，目标是第一个主要阻力位 0.0735 美元。如果未能突破该枢轴点，则 0.0575 美元的第一主要支撑位将重新发挥作用。

Conclusion

结论

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.

美元兑美元的脱钩明确提醒人们与算法稳定币相关的风险。投资者在投资此类工具时必须谨慎行事，因为一种稳定币的失败可能会波及更广泛的加密货币市场。与此同时，随着 USDD 局势的持续发展，Tron 仍面临压力。