A stablecoin implosion is not even over, yet Poloniex (owned by Justin Sun) is already calling USDD stablecoin as “trustable”. USDD is virtually build with same ponzinomics, except its run on Tron. Pathetic.

What should a crypto exchange do right at the time a top 10 stablecoin is imploding with billions of dollars vanishing and people losing all their savings?

Surely not shill another algorithmic stablecoin that almost uses the same design as the one imploding…

Thats what Poloniex is doing.

[USDD = trustable, according to Poloniex. And apparently better than the one imploding :\/](

USDD has already lost its peg for a while, it was down to 0.99 instead of $1.

Poloniex is ofcourse owned by Tron/Justin Sun, who are now using it to push their own instable “stablecoin” at a time when the paint of a stablecoin collapsing is not even dry.

I really dont want regulators to get involved in this space and put an end to everything, but it seems the large actors in this space are inviting the regulators with a red carpet…

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29 thoughts on “A stablecoin implosion is not even over, yet Poloniex (owned by Justin Sun) is already calling USDD stablecoin as “trustable”. USDD is virtually build with same ponzinomics, except its run on Tron. Pathetic.”

  1. 20% apy was unsustainable, but let’s all put our life saving in USDD for twice the apy. What could go wrong?

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  2. You have to actually be fucking braindead at this point to trust a Justin sun algorithmic stable coin, no sympathy when this goes belly up

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  3. The fuck you ranting about. Why not profit off from the next crash and short it like those billionaires do lmao. Don’t be whiney and just make money

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  4. I mean if people still haven’t learned that Justin Sun is a scam artist then maybe they deserve to get burned. People have been saying to ignore him for years.

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  5. How could anyone in their right mind buy one USDD for one real $usd? How could there be a tiny shred of demand? Shocking.

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  6. Justin Sun has a marketing background. He does not have a computer science background. He is a scam artist. He always has been and always will be. Don’t trust this dude. He can manipulate headlines quite well.

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  7. When will Justin Sun and his shitcoin TRON go to zero. I’m sick of these ponzis, they’re ruining the sentiment on cryptocurrency.

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  8. Hey I tried to make this post a couple hours ago (one linking twitter and one linking a imgur screencap) and it couldn’t go through. Wtf are you supposed to do to be able to post on this sub (i thought I was following the rules).

    Anyways, since the CLAM debacle I can’t see Poloniex as anything else than a scummy exchange, but what they’re doing to push this “stablecoin” in the light of what happened with UST is downright criminal. The shamelessness is frightening.

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