It seems to me that TRON's USDD algorithmic stablecoin is the next one on the list to lose its peg. There's a 30% interest rate given to USDD holders on the TRON blockchain. This is even higher than what the Anchor Protocol offered on the Terra blockchain. If things are done right, decentralized stablecoins hold promise to bring banking to the unbanked.
Actually this usdd is on a great timing for people to get scared of a once incident of terra. Who would not be scared as many suicides has been declared during the ust collapse right? Now Justin Sun is a big guy, even though his project is one of the top notch out there, he should not be careless and boastful to challenge defi users that his stablecoin wouldnt have the same fate as terra cause he will never know whose gonna exploit their platform.
People should be aware of stablecoin algorithm to be more careful this time.