Oh Great… Another Stablecoin Collapse?



Luna UST 2. USDD. Stablecoin Crash. Crypto Crash.
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UST Imploded. Something’s up with the Celsius Network. Now we have USDD, another stablecoin offering even higher returns than UST. I had to learn more.. But as I jumped in, something went wrong. Like really wrong.

Suddenly, I had a big story to look into. It was starting to look like Luna v2.0. What Is USDD? USDD is an algorithmic stablecoin on the Tron network promising returns up to 30% APY.

I like to give everything in crypto the benefit of the doubt before judgment.. but of course, I am skeptical after the whole Luna UST thing. And hey! Maybe, just maybe I’ll discover a gem that actually pays an insane yield in a safe manner!

Luna Crypto
UST Crash
USDD
UST 2
Luna Classic
Do Kwon

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  1. it may not technically be a ponzi, but I sure will handle it as such. Anything that can yeild huge returns on the short term but is highly likely to fail in the long term deserves to be treated like a ponzi scheme. Invest a small percentage of your portfolio, rake the rewards for the following few months and then run away as fast as you can.

  2. Maybe this will all end the way it started, i.e., with only Bitcoin. Except that it'll be the heavily regulated, and heavily taxed 'BitcoinFR' (Bitcoin Federal Reserve), and there'll be just one large miner housed in the basement of the Rederal Reserve Building in D.C.

  3. Bernie Madoff promised 5-10% returns and he was a giant fraud. You talk about Celsius at 18% and Tron's coin at 30% and people are fooled into thinking this is legit. I once heard to be suspicious of anything as high as 12% guaranteed and realistically I'm suspicious at 8%.

  4. The burning mechanism is completely disabled and only a few big players can mint. No risk of depeg until it's turned on in phase 4. The value of usdd is by choice to attract arbitrage (that can't be done)

  5. This a great video, I learn a lot watching your videos and it has been helpful to me. building a steady income is quite difficult for newbies. Thanks to Christi Lily for improving my portfolio,

    keep up with good videos.

  6. Lol, this was in the related section of the Sherlock homes “discombobulate” video.

    Although, I am subscribed so that probably had more effect than the discombobulate video I was watching.

  7. SigUSD has never lost its peg as an algorithmic stablecoin on Ergo. It is also over collateralized nearly 400% even in this bear market where Ergo is down 90% from ATH. Ergo is built different.

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