Data: The actual collateralization rate of USDD is only 50%, and the reserves have decreased by 548 million USDC

ChainCatcher message, Lookonchain data shows that the reserves of USDD have decreased from 990 million USDC on November 10 to the current 442 million USDC, a total reduction of 548 million USDC. Among them, 350 million USDC was used by Sun Yuchen to repay loans in Justlend. Currently, the actual collateralization ratio of USDD is only 50%, and USDD accounts for 81.25% in the USDD/3CRV pool on Curve. (source link)