{"id":61310,"date":"2022-05-11T18:16:42","date_gmt":"2022-05-11T15:16:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61310"},"modified":"2025-09-05T11:26:08","modified_gmt":"2025-09-05T08:26:08","slug":"justin-sun-to-earmark-2bn-to-safeguard-usdds-peg","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/justin-sun-to-earmark-2bn-to-safeguard-usdds-peg\/","title":{"rendered":"Justin Sun to earmark $2bn to safeguard USDD’s peg"},"content":{"rendered":"

Justin Sun \u0443\u0432\u0438\u0434\u0435\u043b<\/a> signs of an impending attack on the algorithmic stablecoin USDD, launched in May on the TRON network.<\/p>\n

The head of the TRON Foundation pledged to allocate $2 billion via the TRON DAO Reserve to prevent USDD from losing its peg to the US dollar, as happened with TerraUSD (UST).<\/p>\n

On May 11, there was a \u043e\u0431\u0432\u0430\u043b \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043e\u043a UST \u0438 LUNA<\/a>. According to CoinGecko<\/a>, at the time of writing the first asset was valued at $0.32 (at one point the drop reached $0.23), the second at $0.86 ($0.69).<\/p>\n

Sun \u0432\u044b\u0440\u0430\u0437\u0438\u043b \u0443\u0432\u0435\u0440\u0435\u043d\u043d\u043e\u0441\u0442\u044c<\/a> that the actions he took would lead to the liquidation of shorts.<\/p>\n

Meanwhile, the head of the TRON Foundation \u0441\u043e\u043e\u0431\u0449\u0438\u043b<\/a> that Mirana Ventures has become the fifth participant in the TRON DAO Reserve. Previously, the organisation \u043f\u043e\u043f\u043e\u043b\u043d\u0438\u043b\u0438<\/a> Alameda Research, Amber Group, Polomiex and Ankr.<\/p>\n

As a reminder, on May 10 the TRON DAO Reserve \u043f\u0440\u0438\u0441\u0442\u0443\u043f\u0438\u043b\u0430<\/a> to its first operations in purchasing reserve assets. The organisation bought 500 BTC at an average price of $31,000 for more than $15.5 million. The acquisition of 595.7 million TRX cost the TRON DAO Reserve $45.6 million.<\/p>\n

At the time of writing, the USDD issuance stood at the equivalent of $271 million<\/a>. Since launch, price deviations in either direction have not exceeded 1%, according to CoinGecko.<\/p>\n

The TRON team \u0430\u043d\u043e\u043d\u0441\u0438\u0440\u043e\u0432\u0430\u043b\u0430 \u0437\u0430\u043f\u0443\u0441\u043a \u0441\u0442\u0435\u0439\u0431\u043b\u043a\u043e\u0438\u043d\u0430<\/a> \u0432 \u043a\u043e\u043d\u0446\u0435 \u0430\u043f\u0440\u0435\u043b\u044f. The coin is backed by the native token of the TRON network and, purportedly, liquid assets totaling $10 billion.<\/p>\n

Subscribe to ForkLog News on Telegram: ForkLog Feed<\/a> \u2014 the full stream of news, ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Justin Sun spotted signs of an impending attack on the algorithmic stablecoin USDD, launched on the TRON network in May.<\/p>\n","protected":false},"author":1,"featured_media":61311,"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":[807,951,1660],"class_list":["post-61310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-tron","tag-usdd-stablecoin"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61310","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=61310"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61310\/revisions"}],"predecessor-version":[{"id":61312,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61310\/revisions\/61312"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61311"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}