Algorithmic stablecoin USDD briefly lost its peg to the US dollar
On Monday, June 13, the algorithmic stablecoin USDD from Tron briefly lost its peg to the US dollar and fell to $0.97.
Algorithmic stablecoin USDD briefly lost its peg to the US dollar
On Monday, June 13, the algorithmic stablecoin USDD from Tron briefly lost its peg to the US dollar and fell to $0.97.
TRON refines USDD into an overcollateralised stablecoin
The TRON team intends to support the {{AOPEN_1}}overcollateralisation{{ACLOSE_1}} of the algorithmic stablecoin USDD to avoid a crash like TerraUSD. The project's founder, Justin Sun, told Bloomberg.
Justin Sun explains TRON’s USDD collateral model
The TRON team has learned lessons from {{AOPEN_1}}the Terra ecosystem collapse{{ACLOSE_1}}, so the algorithmic stablecoin USDD will not repeat the fate of its predecessor.
TRON’s DeFi ecosystem grows 48% in the past month
TRON's ecosystem of decentralized applications ranks third in the DeFi Llama chart. Its TVL over the month rose by more than 48%.
Justin Sun: TRON will not abandon its algorithmic stablecoin USDD
The TRON ecosystem will not abandon the algorithmic stablecoin USDD, despite the collapse of UST and LUNA. TRON founder Justin Sun said that Terraform Labs' product was undermined by overly rapid growth and the lack of sufficient funds in the reserve.
Justin Sun to earmark $2bn to safeguard USDD’s peg
Justin Sun spotted signs of an impending attack on the algorithmic stablecoin USDD, launched on the TRON network in May.
TRON DAO Reserve Buys Bitcoin and TRON Tokens Worth $61 Million to Back USDD
The TRON DAO Reserve has purchased Bitcoin and TRON tokens to back the algorithmic stablecoin USDD.
Algorithmic stablecoin USDD launches on the TRON network
On May 5, the TRON network released and put into circulation the algorithmic stablecoin USDD. The asset is also available on Ethereum and BNB Chain via the cross-chain protocol BTTC.
TRON to launch algorithmic stablecoin USDD
On May 5, Tron developers will launch the algorithmic stablecoin USDD backed by a native TRX token and the equivalent of $10 billion in highly liquid assets, according to Justin Sun, head of the Tron Foundation.
Justin Sun to leave TRON Foundation and become Grenada’s WTO representative
TRON founder Justin Sun announced that he would leave the TRON Foundation and take up the post of Grenada's representative to the World Trade Organization.We use cookies to improve the quality of our service.
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