Tron Usdd
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TRON's USDD Stablecoin Continues to Remain De-Pegged From the US Dollar
TRON's USDD has extended its slide below $1 (roughly Rs. 78). It's been trading below peg for a week now. USDD briefly hit $0.93 (roughly Rs. 72) over the weekend despite various interventions from the TRON DAO Reserve over the past few days.
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TRON DAO Withdraw 2.5 Billion TRX From Binance to Re-Peg USDD Stablecoin
Tron DAO Reserves announced the withdrawal of 2.5 billion TRX tokens from Binance amid ongoing concerns over the de-peg of USDD. The DAO said that the withdrawal was meant to safeguard the overall blockchain industry and crypto market.
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TRON Over-Collaterises USDD Algorithmic Stablecoin to Avoid Terra UST-Like Crash
In a bid to improve transparency surrounding its new algorithmic stablecoin, TRON has revealed details of its new coin’s collateralisation strategy. The stablecoin’s market cap is now 217 percent collateralised, while TRON has also disclosed a minimum guaranteed collateralisation ratio of 130 percent.
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TRON's USDD Stablecoin Continues to Remain De-Pegged From the US Dollar
TRON's USDD has extended its slide below $1 (roughly Rs. 78). It's been trading below peg for a week now. USDD briefly hit $0.93 (roughly Rs. 72) over the weekend despite various interventions from the TRON DAO Reserve over the past few days.
-
TRON DAO Withdraw 2.5 Billion TRX From Binance to Re-Peg USDD Stablecoin
Tron DAO Reserves announced the withdrawal of 2.5 billion TRX tokens from Binance amid ongoing concerns over the de-peg of USDD. The DAO said that the withdrawal was meant to safeguard the overall blockchain industry and crypto market.
-
TRON Over-Collaterises USDD Algorithmic Stablecoin to Avoid Terra UST-Like Crash
In a bid to improve transparency surrounding its new algorithmic stablecoin, TRON has revealed details of its new coin’s collateralisation strategy. The stablecoin’s market cap is now 217 percent collateralised, while TRON has also disclosed a minimum guaranteed collateralisation ratio of 130 percent.
