In order to continue strengthening its algorithmic stablecoin USDD, the TRON DAO Reserve has tapped another institution to mint and burn it as a collaborator – Wintermute. The latter has extensive exp...
Tag: USDDs
Tron’s Stablecoin Suffers De-peg; Founder Justin Sun Claims USDD’s Collateral Has $2 billion
On Monday, USDD, a stablecoin issued by Tron network, lost its peg to the U.S dollar. USDD fell around 91 cents amid concerns among investors regarding tightening financial conditions, high inflation,...
USDD’s Fresh Redesign Would Spearhead The Stablecoin 3.0 Era According To TRON’s Founder
Terra’s attempt to form the Luna Foundation Guard in order to diversify UST’s collateral and avoid depegging was too late. He said that the reserve had only $3 billion worth of BTC, which ...