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Funny you said that yesterday when it first touched .98 yet it’s been under that for 24 hours now. Currently sitting at .97 and USDD is a carbon copy of UST seems very odd as a “neutral” person to just assume there’s nothing out of the normal going on here!!!
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There is a big difference between overcollateralized and undercollateralized, liquidity-wise. Very big difference.
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Why would you assume that the site's listed collateral is real?
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Are you 100% sure about that? I think things sometimes are not as they seem. I’d be careful with defending USDD. My 2cents.
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I'm 100% sure, ran some liquidity checks with a market maker and assuming Justin deploys all of the website's listed collateral, USDD will easily repeg (in this round, not sure about the next round though)
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Luna sana girsin
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