USDD, an algorithmic stablecoin managed by the trondao, fell to $0.9695, having deviated from its dollar peg last month. Reports godbole17
from its 1:1 dollar last month as the collapse of cryptocurrency exchange FTX, formerly the world's third largest, dented investor confidence in digital assets. Other leading stablecoins like tether wobbled following the FTX debacle, but quickly regained their peg.
The USDD/3CRV pool is heavily imbalance in favor of USDD, a sign of investor preference for other stablecoins.
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