{"id":61229,"date":"2022-05-10T14:26:48","date_gmt":"2022-05-10T11:26:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61229"},"modified":"2025-09-05T10:57:48","modified_gmt":"2025-09-05T07:57:48","slug":"tron-dao-reserve-buys-bitcoin-and-tron-tokens-worth-61-million-to-back-usdd","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tron-dao-reserve-buys-bitcoin-and-tron-tokens-worth-61-million-to-back-usdd\/","title":{"rendered":"TRON DAO Reserve Buys Bitcoin and TRON Tokens Worth $61 Million to Back USDD"},"content":{"rendered":"<p>The TRON DAO Reserve has purchased Bitcoin and TRON tokens to back the algorithmic stablecoin USDD.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve have bought 500 <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> with average price 31031.35 for $15,515,675. <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><\/p>\n<p>\u2014 TRON DAO Reserve (@trondaoreserve) <a href=\"https:\/\/twitter.com\/trondaoreserve\/status\/1523919860107202560?ref_src=twsrc%5Etfw\">May 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The organization purchased 500 BTC at an average price of $31,000 for a total of more than $15.5 million. The purchase of 595.7 million TRX cost the TRON DAO Reserve $45.6 million.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve have bought 595,729,832 <a href=\"https:\/\/twitter.com\/hashtag\/TRX?src=hash&#038;ref_src=twsrc%5Etfw\">#TRX<\/a> with average price 0.07661 for $45,641,630. <a href=\"https:\/\/twitter.com\/hashtag\/TRON?src=hash&#038;ref_src=twsrc%5Etfw\">#TRON<\/a><\/p>\n<p>\u2014 TRON DAO Reserve (@trondaoreserve) <a href=\"https:\/\/twitter.com\/trondaoreserve\/status\/1523920959975026688?ref_src=twsrc%5Etfw\">May 10, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The head of the TRON Foundation, Justin Sun <a href=\"https:\/\/forklog.com\/en\/news\/tron-to-launch-algorithmic-stablecoin-usdd\">announced<\/a> the launch of USDD in April; it <a href=\"https:\/\/forklog.com\/en\/news\/algorithmic-stablecoin-usdd-launches-on-the-tron-network\">took place<\/a> on May 5. According to Sun, the TRON DAO Reserve will set the asset&#8217;s yield at a &#8216;risk-free&#8217; 30% per year.<\/p>\n<p>USDD, by design, replicates the UST stablecoin model.<\/p>\n<p>Earlier, it <a href=\"https:\/\/forklog.com\/en\/news\/ust-stablecoin-briefly-lost-its-peg-to-the-us-dollar-amid-anchor-outflows\">had repeatedly lost<\/a> its peg to the US dollar. On May 9, users <a href=\"https:\/\/forklog.com\/en\/news\/ust-stablecoin-loses-dollar-peg-amid-crypto-market-collapse\">withdrew<\/a> more than 3.3 billion UST from the protocol. In less than 24 hours on May 10, outflows totaled another 1.1 billion UST.<\/p>\n<p>ForkLog explored in an exclusive piece how Anchor&#8217;s problems could affect Terra&#8217;s economy:<\/p>\n<p>Read ForkLog\u2019s Bitcoin news on our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The TRON DAO Reserve has purchased Bitcoin and TRON tokens to back the algorithmic stablecoin USDD.<\/p>\n","protected":false},"author":1,"featured_media":61230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,951,1660],"class_list":["post-61229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-tron","tag-usdd-stablecoin"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61229"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61229\/revisions"}],"predecessor-version":[{"id":61231,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61229\/revisions\/61231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61230"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}