TRON celebrates the 4th anniversary of the mainnet launch and breaking the 100 million users mark.
TRON DAO Reserve is doing everything in its power to ensure the survival of its USDD stablecoin amid the bearish market conditions. Recall that USDD lost its $1 peg on Monday and slipped further away from its intended value in the following days. At its lowest point on Wednesday, USDD was changing hands at $0.958. The stablecoin has since recovered some of its...
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....
Fireblocks Adds Support TRON (TRX) and all TRC20 Tokens. It's an important step for TRON DAO as Fireblocks is the leading digital asset and crypto infrastructure platform.
The purchase of TRX by TRON DAO is to back the algorithmic stablecoin, to leverage a forex reserve that is similar to Terra's UST reserve. Terra's UST reserve system is gaining popularity, and Tron's stablecoin project is following suit. Tron's algorithmic stablecoin project was reported on by Coinscreed, and the fiat-pegged crypto asset has since […] The post TRON DAO Reserves Buy $38...
Quick take: Tron DAO has purchased 504,600,250 TRX at $38.993 million as part of its reserves for the USDD stablecoin The circulating supply of the USDD stablecoin has doubled in less than 48 hours to exceed $200 million The USDD stablecoin has thus far secured three partnerships: Alameda Research, Amber Group, and Poloniex TRX's value continues to benefit from the activities surrounding the...
Alameda Research, a leading principal trading firm, has been appointed by the TRON DAO Reserve as the first whitelisted institution to mint the newly launched decentralized stablecoin USDD.
TRON has announced the allocation for the $1,111,111,111 ecosystem fund they revealed in November 2021. The fund was established to foster the growth and development of the TRON ecosystem over 10 years.
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