TRX Potential Death Spiral similar to Terra LUNA

History repeats itself for those who haven't learned from it.

SEC Charges Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations.
Eight celebrities also charged for illegal touting of Sun’s crypto asset securities. But let`s say the market doesn`t care about he Securities and Exchange Commission lawsuit, like we can see reflected in TRX price right now, but...

The reason for the potential collapse of TRX Tron is their stablecoin, USDD.

According to their website, USDD is secured by the over-collateralization of multiple mainstream digital assets (e.g. TRX , BTC , and USDT). The total value of collateralized assets is significantly higher than that of USDD in circulation with the collateral ratio set at 120%.

This is the USDD collateral:

TRX 10,929,535,279
BTC 14,040.6 = about $313Mil
USDT 29,964,253
USDC 39,719,839

so besides TRX , the total amount of other collateral is $383Mil for a stablecoin that has a mk cap of $724Mil.

Now let`s say TRX drops to the Covid level of $0.0072, which is not unrealistic in my opinion.
Then the TRX collateral of 10,929,535,279 coin will be worth $78,692,654.
Assuming that BTC won`t go lower, then still the liquid collateral of USDD will be around $462Mil for a mk cap now of $724Mil, which will result in a huge depegging od the "stablecoin".

Looking forward to read your opinion about it.