Tron DAO loses Bitcoin backing, Justin Sun cites 300% collateralization as the reason

The Tron DAO Reserve moved out 12,000 BTC worth around $730 million at press time. Tron founder Justin Sun noted the over-collateralization of Decentralized USD (USDD) as the reason for the withdrawal. The Reserve is in place to stabilize the Tron network, the USDD stablecoin, and the broader crypto market. Before BTC was moved out […]