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USDD, a fully decentralized stablecoin pegged to the US dollar, has officially been deployed natively on Ethereum, the largest Layer 1 blockchain. Tron founder Justin Sun celebrated the milestone, noting that users now have a fully decentralized stablecoin option on Ethereum. The decentralized stab…
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…
The Tron DAO Reserve undertook a major decision about removing Bitcoins as part of the reserves for its USDD stablecoin while flowing the proceeds back into HTX coin. This move has got crypto industry observers on the edge of their seats with Tron’s stablecoin Dollar peg seeing some volatility down …