Tag: tron (trx) news

Nov 22 2022

Just-In: Justin Sun Evaluating Potential Purchase of FTX Assets

Nov 22 2022 Published at Coingape under tags  ftx justin sun news tron tron (trx) news

Justin Sun, a prominent supporter of cryptocurrencies, recently stated that his partners were investigating the possibility of purchasing assets from...

Nov 10 2022

Justin Sun Hints At A Potential FTX Revival ‘Solution’ For $USDD

Tron founder Justin Sun is the latest to offer a solution for the FTX exchange. The crypto entrepreneur said on Twitter that a solution was being put together with FTX to initiate a path forward. He also revealed that TRX trading on FTX had resumed, with withdrawal services being worked on. Sun did not offer any information on what the solution was. The...

Nov 03 2022

USDD Stablecoin Users Increased by 500% in Q3

The beleaguered Tron stablecoin USDD has broken out of its slump, with a 500% increase in users in Q3. Crypto market intelligence firm Messari published a report on Nov. 3, highlighting how the stablecoin had seen growth across a few metrics. The better performance is a positive sign for the dollar-pegged stablecoin, which depegged in Q2 2022. The number of holders grew from...

Oct 19 2022

Huobi Introduces Zero Trading Fees for Advisor Justin Sun’s USDD Stablecoin

The Huobi exchange is running a promotional offer until December 31, in which there will be no trading fees for USDD pairs. USDD is the stablecoin of the TRON network, and founder Justin Sun is an advisor to the exchange. About Capital recently bought out Huobi. Shortly after, Justin Sun became an advisor to the exchange. There have been reports that FTX CEO...

Oct 13 2022

Huobi Token (HT) Skyrockets 84% After News of Sun’s Role as Advisor

The Huobi Token (HT) has experienced a jump of 84% following the news that Tron founder Justin Sun is acting as an advisor. The token is currently priced at $6.99, a 4-month high for the token. Sun has said that the HT must function more like the Binance Coin (BNB), and actions that the exchange will focus on include a brand upgrade, heavy...

Aug 13 2022

Tron’s Justin Sun Blocked By Aave Due to Tornado Cash Transaction

Tron's co-founder Justin Sun's account was blocked on Aave this Saturday. According to Sun, the account was blocked after he randomly received 0.1 ETH from Tornado Cash. De-fi Protocol Aave has not issued a statement as of yet. A lot has happened since the U.S Government sanctioned Tornado cash, the mixing token that makes Ethereum transactions untraceable, on August 8. Following the sanction,...

Jun 25 2022

Tron’s (TRX) Total Accounts Hits a New Milestone of 100M As the Project Celebrates its 4th Anniversary

Summary: The total number of accounts on the Tron blockchain has hit a new milestone of 100 million. Tron is also celebrating its 4th Anniversary as an independent chain after migrating from Ethereum on June 25th, 2018. The total number of accounts on the Tron blockchain has hit a new milestone of 100 million. The team at Tron DAO highlighted the milestone through...

Jun 14 2022

Justin Sun Announces Hiring Plan to Increase Workforce by 50% Across Tron-Based Projects

Summary: Justin Sun has invited anyone laid off during the ongoing crypto winter to apply for jobs across several Tron-based projects. They include Tron DAO, Poloniex, BitTorrent, USDD, Ape NFT, Just Network, and Sun.io. According to Justin Sun, the Tron ecosystem aims to increase its workforce by 50%. Tron's Founder and former CEO, Justin Sun, has announced via Twitter that anyone affected by...

Jun 13 2022

Justin Sun’s Tron DAO Will Deploy $2 Billion To Counter TRX Shorts

Tron founder Justin Sun prepares $2 billion cash injection to fight TRX short traders.

Jun 11 2022

Tron DAO Buys $50M Worth of Bitcoin and TRX to add to USDD Reserves

Key takeaways: Tron DAO Reserve has announced that it has purchased Bitcoin and TRX worth $50 million to add to USDD's reserves. USDD is currently overcollateralized to the tune of 197%. The stablecoin of USDD is now backed by 14,040.6 Bitcoin, 140 million USDT, and 1.906 billion in TRX. The purchase of Bitcoin and TRX comes when BTC retests the $28k support level....

Jun 05 2022

Tron DAO’s USDD is Now Over-collateralized by Over 200%, A First for Algorithmic Stablecoins

Summary: The Tron-based USDD stablecoin is now collateralized by over 200% with a guaranteed minimum collateral ratio of 130%. Such backing in reserves is a first for any algorithmic stablecoin in the crypto-verse. Tron's Justin Sun has promised to keep strengthening the USDD ecosystem for a decentralized future. The recently launched Tron-based algorithmic stablecoin of USDD is now collateralized by over 200% with...

Jun 01 2022

Tron’s Justin Sun Believes USDD Will Be the New Settlement Currency of Crypto, Cites Lessons from UST’s Collapse

Summary: Tron's Justin Sun wants the new USDD stablecoin 'to be the new settlement currency of crypto.' He has stated that Tron's USDD stablecoin will be overcollateralized. Tron hosts the largest supply of stablecoins, including USDT issued on its chain. Justin Sun states that USDD will learn from UST's collapse by allowing organic growth of the stablecoin with transparent and overcollateralized reserves. USDD...

May 30 2022

Tron’s TVL Rises By 40% On The Back USDD Algorithmic Stablecoin Hopes

Quick take: Total value locked on Tron grew over 40% in the last 30 days. It's now the third-largest DeFi protocol with $5.92 billion in TVL. Other DeFi chains plummeted in contrast to the Justin Sun-founded blockchain. Major competitors like Avalance and Solana dipped more than 30% in TVL over the last month. Only Ethereum and Binance Smart Chain are currently ahead. The...

May 16 2022

Tron’s Justin Sun Commits $10m in USDD to Assist Smallholders Hardest Hit by UST’s Depegging

Quick summary: Tron's Justin Sun has offered to set aside $10 million in USDD to assist the average UST investor affected by the depegging of the stablecoin Mr. Sun was responding to a similar idea by Ethereum's Vitalik Buterin, calling for 'coordinated sympathy and relief for the average UST smallholder' Mr. Butern also cited the existing FDIC insurance and Singapore's employment laws as...

May 08 2022

Tron’s Justin Sun Buys $1M in UST in What He Calls a ‘Secret Plan’ For the Stablecoin

Summary: Justin Sun has reportedly purchased $1 million worth of UST on Curve Finance Tron's founder had announced via Twitter that he was buying UST This is after the saga of the UST stablecoin depegging from the one dollar mark Terra's Do Kwon had asked Justin Sun what his plans were, to which he replied, 'I may have a secret plan' Terra (LUNA)...

May 05 2022

Tron Launches its USDD Stablecoin With Over $100 Million Already in Circulation

Quick take: Tron has successfully launched its USDD algorithmic stablecoin According to the issuing contract on Tronscan, USDD already has $103.64 million tokens in circulation on Tron USDD has also been issued on Ethereum, the Binance Smart Chain, and the BitTorrent Chain Tron has announced it intends to hold $10 billion in Bitcoin and other crypto, as reserves for its USDD stablecoin TRX...

Apr 21 2022

Tron’s Justin Sun Follows in the Footsteps of Terra, Announces USDD Stablecoin Backed by TRX

Summary: Tron's Justin Sun has announced the launch of an algorithmic stablecoin backed by TRX Known as USDD, the stablecoin will be decentralized Tron's USDD will be launched on May 5th, 2022, and be available on Ethereum and the Binance Smart Chain Justin Sun's plans for a stablecoin backed by TRX are similar to Terra's UST backed by Bitcoin and Avalanche (AVAX) The...

Apr 15 2022

Tron’s Justin Sun Outbids Elon Musk, Offers to Buy Twitter at $60 Per Share

Summary: Justin Sun has issued a counter-offer to buy Twitter at $60 per share Justin's bid is 10.7% higher than Elon Musk's at $54.20 The founder of Tron wants to see Twitter become a private entity, more open, and adopt a decentralized Web3 framework Crypto Twitter had mixed feelings about Justin Sun's offer to buy Twitter The founder and former CEO of TRON,...

Jul 08 2021

Tron’s (TRX) Daily Transaction Count Has Grown by 522% in One Year

The daily transaction count on the Tron network has grown by 522% in the last year Tron recently hit an all-time high in daily transactions at 9.278 million The growth of unique accounts on Tron continues to grow in a parabolic manner with the network hosting 45.160 million total accounts However, TRX/USDT is about to experience a death cross that should usher in...

Jul 04 2021

Tron’s (TRX) Total Value Locked in DeFi Exceeds $8B

Total value locked on Tron's DeFi ecosystem has exceeded $8 Billion Tronscan.org has launched a new feature that tracks the total value locked in the network's DeFi ecosystem The Tron network continues to focus on increasing its stablecoin offerings as demand grows The Tron (TRX) network has reached a new milestone in the form of total value locked on its DeFi ecosystem. According...

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