According to Whale Alert, the Tron network has lost over 711 million USDD tokens.
Here's what we know about it:
* What USDD is:
* USDD (Decentralized USD) is a decentralized stablecoin linked to the US dollar. It operates in the Tron network.
* What does "downgraded" mean?
* The tokens are downgraded (also known as "burned"), which means that they are removed from circulation. This reduces the USDD's total value.
* Why it's important:
* Token depreciation can affect the price and stability of the stablecoin. It may be done to support the link to the US dollar or to regulate the propposition.
* Source of information:
* This information comes from Whale Alert, a service that is tracking large transactions on the blockchain.
For more information you can check out these sources:
* Ponad 711 million USDD tokens were destroyed in the Tron network - Binance
* Significant overshoot of USDD from Whale Alert - Binance
