– Advertisement – USDD has experienced a slight de-peg but TronDAO reserve will deploy $2 billion to support a re-peg. The crypto market is opening the week on a bad footing. The markets...
Tag: USDD
Justin Sun Reveals $2 Billion Injection to Save USDD Peg
Justin Sun, founder of TRON, now Permanent Representative of Grenada to the World Trade Organization (WTO), said that the TRON DAO will deploy funds to protect TRX from the funding rate of shorting it...
Can The Charm Of Justin Sun Save USDD Become UST?
What Is USDD? USDD is Over-Collateralized Decentralized Stablecoin which is issued by Tron Dao. This might seem like a fancy definition. Let’s make it simple. USDD wants to become the market leader in...
How efficiently TRON DAO reserve will make USDD a successful hybrid stablecoin?
Dilution of Terra network’s UST stablecoin led to many investors losing billions but also made ways for other stablecoins to join the space Amidst the uncertainty and skeptical situation created due t...
Is USDD headed for the same systemic problems that brought UST down
The world has barely recovered from the UST stablecoin crash and yet another similar threat is already on the horizon. This time in the form of the USDD stablecoin that was launched in May by the Tron...
Tron (TRX) Founder Justin Sun Unveils Plan To Secure USDD Stablecoin From Terra-Like Collapse
Tron (TRX) founder Justin Sun doesn’t want the Decentralized USD (USDD) stablecoin to become the next TerraUSD (UST). Last month, algorithmic stablecoin UST lost its peg to the US dollar and collapsed...
TRON’s claims of USDD over-collateralization may have hidden worms
? Want to work with us? CryptoSlate is hiring for a handful of positions! In early May, the collapse of the Terra-LUNA ecosystem brought a wave of distrust for algorithmic stablecoins in general. Give...
Tron-based USDD Upgrades into the First Over-Collateralized Decentralized Stablecoin
USDD, or the Tron-based decentralized dollar, is set to be the most over-collateralized stablecoin in crypto. The stablecoin currently boasts over 200% of its value is fully-backed. After a month ...
TRON’s stablecoin USDD employs an overcollateralised mechanism to maintain the USD price peg
After Terra’s algorithmic stablecoin TerraUSD (UST) failed miserably in May, TRON announced a plan to back up its own stablecoin with more capital on Sunday morning. An announcement on Sunday says tha...
USDD Becomes First Over-Collateralized Decentralized Stablecoin
USDD has achieved the significant milestone of upgrading into the first over-collateralized decentralized stablecoin with a ratio of 130%, higher than the one set by DAI, which comes to 120%. A total ...
Justin Sun Backs Over Collaterization of TRON USDD Stablecoin
4 hours ago | 2 mins read Altcoin News There was a 218 percent collateralization ratio as of Monday. TDR’s homepage displays $787 million in Bitcoin, Tether, and Tron’s TRX reserves. As TerraUSD ran i...
USDD Upgrades to the First Over-Collateralized Decentralized Stablecoin
Currently Collateralized at Over 200% with a Guaranteed Minimum Collateral Ratio of 130%, TRON-based USDD has joined the league of global crypto titans, surpassing several significant milestones in le...
Tron’s USDD Stablecoin Will Switch Its Algorithm to Avoid Terra Like Collapse
Following the $60 billion Terra ecosystem’s catastrophic downfall in early May, Tron has risen to become the third-largest blockchain in the decentralized finance industry (behind only Ethereum and BN...
Putting the ‘stable’ in stablecoins: How Djed & USDD are trying to make it big
The meaning of “Stable” in Stablecoins changed in the month of May with the depegging of Terra. The cryptocurrency market, clenched in bear claws, is still recovering from the unhealed wounds. Already...
USDD Upgrades into the First Over-Collateralized Decentralized Stablecoin – crypto.news
Geneva, Switzerland / June 5 / – TRON-based USDD has joined the league of global crypto titans, surpassing several significant milestones in less than one month since its May 5 launch. The blockchain ...
TRON’s USDD Stablecoin Collateral Building Up to Prevent Repeat of Terra’s UST Stablecoin
In a bid to improve transparency surrounding its new algorithmic stablecoin, Tron has revealed details of its new coin’s collateralization strategy. To avoid the situation with TerraUSD that saw $60B ...
Amidst Stablecoin Turmoil,Tron’s USDD Hits New Milestone ! What’s In Store For June? – Coinpedia – Fintech & Cryptocurreny News Media
Despite all of the turmoil surrounding stablecoins over the previous month, Tron’s USDD has made substantial progress. The stablecoin has hit some significant milestones since its introduction exactly...
USDD Breaks Highest Collaterization Record Amid Stablecoin Fears
Amidst all the turbulence surrounding stablecoins over the last one month, Tron’s USDD continues to make significant strides. Ever since it was launched exactly a month ago, the stablecoin reached som...
USDD Upgrades into the First Over-Collateralized Decentralized Stablecoin
Geneva, Switzerland, 5th June, 2022, Chainwire TRON-based USDD has joined the league of global crypto titans, surpassing several significant milestones in less than one month since its May 5 launch. T...
USDD is fueling Tron’s DeFi TVL rise, draws comparison with Terra’s UST
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tron has become the third-largest network by total value locked (TVL) in DeFi protocols a month after launching its algorithmi...
Tron Now Third-Largest DeFi Blockchain After $USDD Algorithmic Stablecoin Launch
Statistics for the Tron blockchain quickly saw a sharp rise following the public release of $USDD, the project’s new algorithmic stablecoin. The Tron blockchain now ranks as the third-largest bl...
Tron’s DeFi activity spikes following the USDD launch
The collapse of the Terra USD (UST) stablecoin created several hurdles for the stablecoin networks. While some stablecoins have been stress tested since the UST crash, some have maintained a steady pe...
Tron (TRX) Surpasses $6,000,000,000 in Total Value Locked Amid Explosion of USDD Algorithmic Stablecoin
An under-the-radar altcoin’s total value locked (TVL) is on the rise as its affiliated algorithmic stablecoin continues to capture more market share. Tron (TRX), a project originally designed to serve...
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism – Defi Bitcoin News
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi ...
TRON TVL Soars to $6 Billion as USDD Algorithimc Stablecoin Catches Speed
Tron’s algorithmic stablecoin – USDD – is catching some serious speed as its market cap expands to more than $600 million. This has also played a big part in the growing value locked in DeFi protocols...
Tron USDD Stablecoin Reaches Key Milestone Amid Bearish Trends
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 trustwor...
Tron [TRX] has its time in the sun as Justin Sun kicks up a some excitement over USDD
At the time of writing, TRON [TRX] was the 14th biggest crypto by market cap, changing hands at $0.07722. The coin was in the green as it rallied by 4.52% in a day and rose by 9.38% in the past week e...
Can Tron Succeed Where Terra Failed? USDD Adoption Grows
The Tron ecosystem is on its way to rising up amid the increased uncertainty in the global cryptocurrency market. Tron’s native token and stablecoin USDD had managed to survive the recent crash. As pe...
Tron’s USDD stablecoin witnesses massive growth in a few days
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....
More Whitelisted Members, Wider DEX Integrations, Higher Total Supply – USDD Thrives Alongside Increased and Diversified Reserve Assets
Geneva, Switzerland, 17th May, 2022, Chainwire he TRON DAO Reserve has announced four more major players in the blockchain industry, Amber Group, Poloniex, ANKR, and Mirana following Alameda Research ...
Tron Founder Speaks on His UST-like Stablecoin USDD
According to Dustin Teander, an analyst at digital asset data platform Messari, USDD is mechanistically similar to UST in terms of minting and price stability. The $30 billion Terra ecosystem recentl...