The algorithmic stablecoin for the terra ecosystem, UST, witnessed a massive decline last week. The collapse shed a negative light on the safety of stablecoin, especially those pegged on an algorithm....
Tag: Trons
Tron’s New Addition Takes Stablecoin Supply Beyond $1 Billion
The TRON DAO Reserve increased the supply of USDC stalecoin by $260 million on the TRON network. The new addition takes total circulating supply of Tron’s USDC stablecoin supply to $1.241 billion. Thi...
Tron’s foray into algorithmic stablecoins has had this effect on TRX
A wise man once said “Algorithmic stablecoins are fast becoming the norm – protocol-issued dollars coming to every blockchain.” Like a self-fulfilling prophecy, two days ago, Tron launched its USDD al...
Tron’s TRX Price Emerges As a Clear Winner Amidst The Crypto Market Crash. Here’s Why – Coinpedia – Fintech & Cryptocurreny News Media
TRX, Tron’s native coin, has been trending upwards since the beginning of the month. Tron has announced that its algorithmic stable currency USDD will be available soon and since then it has experienc...
‘Revolution’ Promised by Tron’s Justin Sun Looks Like Clone of Terra’s Algorithmic Stablecoin
JustLend, the biggest of the three, has $1.9 billion of deposits, but only $67 million borrowed, meaning that only 3.5% of the funds are actually used. JustStables, a DeFi system that already issues a...
Tron’s [TRX] latest rejection might have the following implications
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Earlier in April, TRON broke out past a critical level of resistan...
Tron’s Justin Sun To Roll Out Algorithmic Stablecoin USDD
On Thursday, Justin Sun, the founder of Tron, announced that it would have its own native stablecoin dubbed USDD. However, the stablecoin won’t function as the traditional stablecoins such...
Tron’s TRX Token Jumps 7% On News of Native Algorithmic Stablecoin
The cryptocurrency underpinning the Tron network has enjoyed a heady boost over the past day. According to data pulled from CoinMarketCap, TRX has risen by more than 7% in the last 24 hours. The jump...
Tron’s Justin Sun Reveals Decentralized Algorithmic Stablecoin USDD – Bitcoin News
On April 21, Justin Sun, the founder of Tron, announced the launch of a decentralized algorithmic stablecoin called USDD. Sun said on Thursday that the USDD Network will “provide custody service for t...
Tron’s Justin Sun Accused of ‘Governance Attack’ on DeFi Lender Compound
Sun’s wallet borrowed 99,000 COMP tokens on Thursday These tokens are worth over $13 million Other stablecoins have attempted similar gambits in recent weeks Individuals from crypto think tank GFX Lab...