Tag: tron (trx)

Jul 08 2022

Tron DAO Adds 445M USDC; Will It Pump TRX price?

Jul 08 2022 Published at Coingape under tags  news tron (trx) trx price

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...

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 17 2022

TRON Increases Reserves As USDD Stays De-pegged

Jun 17 2022 Published at Coingape under tags  altcoin news news stable coin tron (trx)

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...

Jun 16 2022

Tron (TRX) Jumps 24%, Is It A Recovery Or A Dead Cat Bounce?

Jun 16 2022 Published at Coingape under tags  altcoin news news tron tron (trx)

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...

Jun 15 2022

Tron’s TRX Slumps Nearly 20% As USDD De-peg Deepens

Jun 15 2022 Published at Coingape under tags  altcoin news news tron (trx) usdd

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...

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...

These Two Stablecoins Are De-pegging As Crypto Markets Crash

Jun 14 2022 Published at Coingape under tags  news stablecoin tron (trx)

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...

Jun 13 2022

Breaking: TRON Deploys $700 Mln To Support USDD Stablecoin

Jun 13 2022 Published at Coingape under tags  altcoin news news tron (trx) usdd

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...

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...

Breaking: USDD Breaks Highest Collaterization Record Amid Stablecoin Fears

Jun 05 2022 Published at Coingape under tags  stablecoin stablecoin news tron (trx)

Amidst all the turbulence surrounding stablecoins over the last one month, Tron’s USDD continues to make significant strides. Ever since it...

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...

TRON (TRX) Prices Jump 13% As DeFi Appeal Grows

Jun 01 2022 Published at Coingape under tags  altcoin news news tron (trx) trx price

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...

May 31 2022

Whales Add $293 Mln Tron (TRX) After Stellar May Gains

May 31 2022 Published at Coingape under tags  altcoin news news tron (trx) trx price

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....

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...

TRON (TRX) Among The Best Performing Tokens In May, Here’s Why

May 30 2022 Published at Coingape under tags  altcoin news news tron (trx) trx price

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...

May 29 2022

TRON Price Prediction 2022-2027: How likely is a $1.0 price target?

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...

May 28 2022

Tron’s TRX Burn Total Exceeds 7.7 Billion

May 28 2022 Published at Coingape under tags  altcoin news news tron (trx) trx price

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...

Tron Stablecoin Reaches Key Milestone Amid Bearish Trends

May 28 2022 Published at Coingape under tags  stablecoin stablecoin news tron (trx)

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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