Fox Business journalist Eleanor Terrett believes crypto investors of TRON and USDD stablecoin could have the same fate as Terra’s LUNA and UST cryptocurrency.
<h2>Investors Keeping Close Eyes on LUNA and UST</h2>
In a tweet, Eleanor Terrett noted that crypto investors are currently keeping ‘close eyes’ on TRON and USDD especially considering what happened to Terra Luna and UST a few weeks ago.

UST de-pegged and went on a freefall, taking Luna with it. The two are yet to recover and may never recover to their previous values. Terrett pointed out that USDD recently de-pegged from the USD, dipping as low as $0.94 while the TRX has dropped over 20% in the past seven days.

https://twitter.com/EleanorTerrett/status/1538697612412563456

One investor told the journalist that a crazy 40% plus annual yields protocol is always going to be unstable. Concerning this, she noted:
<blockquote><em>“One investor tells me: Who thought that backing assets with other volatile assets and calling them stablecoins was a good idea? Basic economics principles left at the door, supplemented by crazy 40%+ yields promised that are always going to be unsustainable.” </em>

<em>“Have we literally learnt nothing as a space?,” </em>she asks.<em>
</em></blockquote>
<h2>Could TRON Have The Same Fate As Terra?</h2>
While the team behind <a href="https://www.cryptoknowmics.com/news/rebirth-of-terra-what-do-we-know-about-luna-2-0-so-far/" target="_blank" rel="noopener">Terra</a> invested billions to stop the UST depeg, today both LUNA and UST are dead with investors losing billions. As a result, Terra founder Do Kwon and Terra labs are facing Lawsuits in South Korea and the U.S.

Meanwhile, <a href="https://tron.network/" target="_blank" rel="nofollow noopener">Tron</a> and Tron DAO Reserve have been injecting billions of dollars of collateral into the market as they try to maintain the USDD peg. Around $2 billion and over 5 billion TRX have already been deployed for this purpose. However, USDD is still de-pegged.

Fox Journalist Believes TRON and USDD Could Crash Like Luna and UST

Fox Business journalist, Eleanor Terrett believes crypto investors of TRON and USDD stablecoin could have the same fate like that of Terra’s LUNA and UST.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Fox Journalist Believes TRON and USDD Could Crash Like Luna and UST

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