The TRON DAO Reserve announced that it has added more funds to its reserves. The announcement mentioned that it is done in order to safeguard the overall blockchain industry and crypto market. USDC supply on TRON reaches $3.3 bln Justin Sun, TRON’s head mentioned that they have increased 445 million USDC on TRON. With this...
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...
TRON DAO has increased its stablecoin reserves to safeguard the blockchain as the USDD continued to trade below its peg. The reserve increased its supply of USDC tokens by 300 million on the blockchain. The current supply now sums up to $2.8 billion. USDD, which was launched earlier this year, was intended to be an...
TRON (TRX) prices have jumped by over 24% since the U.S. Federal Reserve raised the interest rates by 75 basis points. Meanwhile, the TRON blockchain has also gained the support of Crypto finance, an asset management group. Will USDD be back on track? The TRX token has registered a tumbling week as it dropped with...
Tron's native token, TRX, fell sharply in the past 24 hours as the blockchain's USDD stablecoin broke away from its dollar peg. TRX slumped as much as 19%, and is now trading at $0.05- its lowest in 15 months. The token is also the worst performer among the top 50 cryptocurrencies in the past 24...
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...
TRON’s newly launched stablecoin, USDD, and Waves' USDN have both depegged amid the recent crypto crash. The two tokens have attracted increased after the recent collapse of TerraClassicUSD, given that they are algorithmic stablecoins that operate similarly to UST. Crypto exchanges warn against USDD and USDN Upbit, which is the largest crypto exchange in South...
Despite initially outperforming amid the recent crash, TRON (TRX) prices have dropped by over 16% in the last 24 hours. In order to defend and build support, Justin Sun, TRON head has planned to deploy over $2 billion. With the USDD...
Tron founder Justin Sun prepares $2 billion cash injection to fight TRX short traders.
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....
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...
Amidst all the turbulence surrounding stablecoins over the last one month, Tron’s USDD continues to make significant strides. Ever since it...
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...
The month of May 2022 has proved to be the most profitable for the TRON (TRX) token. The TRX token’s price has jumped by a whopping 33% in the last 30 days. Meanwhile, the TRON has established itself as the third largest chain as per...
The TRON (TRX) token has managed to maintain its momentum despite a bear market. The TRX token has emerged as the top gainer of this month. Meanwhile, the Crypto whale wallets have bagged a huge amount of TRX over the past 24 hours....
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...
The TRON chain and its native token TRX have managed to outperform the major cryptocurrencies amid the recent market crash. The successful performance of TRON’s stableocoin USDD has made a major impact on the surge of Tron’s total value...
The TRON ecosystem is built on one of the first generation blockchain networks that have seen major highs bringing steady incremental gains to crypto market investors and survived significant...
The Tron network has managed to outperform the rest of the cryptocurrencies amid the recently increased bear pressure. Tron’s native token TRX has surged by over 25% in the past 30 days. In a bid to support this increase the network is...
Amid uncertainty over the reliability of stablecoins and bearish trends in the crypto market, one stablecoin continues to shine. The recent meltdown of Terra ecosystem brought to the fore the...
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