USDD Stablecoin

ForkLog 14 22.08.2024

Tron Removes 12,000 BTC from USDD Reserves

The team behind the algorithmic stablecoin USDD within the Tron ecosystem has quietly removed an address holding approximately 12,000 BTC (~$716 million) from the asset’s reserves. This was highlighted by on-chain researcher Symbio. lmao @justinsuntron silently removed the 12.000 btc as USDD collateral recently and it’s now 100% backed by tron (except for 20mil. usdt). […]

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ForkLog 7 12.12.2022

Justin Sun boosts USDD backing as dollar peg weakens

On December 12, the USDD price fell to $0.97 — the lowest since June. Justin Sun, co-creator of the algorithmic stablecoin, and founder of the TRON Foundation, reminded that the asset is over-collateralized (200%), and related transactions can be monitored on a blockchain explorer.

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ForkLog 14 09.08.2022

Wintermute gains the right to issue USDD stablecoin

Market-maker Wintermute has become the ninth participant in the TRON DAO Reserve, the organisation behind the algorithmic stablecoin USDD, ForkLog reported.

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ForkLog 9 15.06.2022

TRON team to withdraw 2.5 billion TRX from Binance to bolster USDD stability

The decentralized autonomous organization TRON DAO Reserve said it would withdraw 2.5 billion TRX from Binance 'to safeguard the blockchain industry and the crypto market'.

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ForkLog 9 14.06.2022

Upbit warns of risks tied to algorithmic stablecoins USDN and USDD

The South Korean exchange Upbit warned of price volatility risks for WAVES and TRON (TRX) due to the loss of the dollar peg by the algorithmic stablecoins Neutrino USD (USDN) and USDD.

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ForkLog 5 13.06.2022

Analysts unsettled by activity around the stablecoin USDD

The hedge fund Oapital, which profited from the collapse of UST from Terra, began making large transfers into USDD and other stablecoins. This drew the attention of analysts at Nansen.

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ForkLog 18 13.06.2022

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.

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ForkLog 9 06.06.2022

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.

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ForkLog 7 02.06.2022

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.

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ForkLog 10 15.05.2022

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.

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ForkLog 4 11.05.2022

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.

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ForkLog 6 10.05.2022

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.

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#USDD Stablecoin