{"id":62926,"date":"2022-06-15T12:24:51","date_gmt":"2022-06-15T09:24:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=62926"},"modified":"2025-09-05T20:57:46","modified_gmt":"2025-09-05T17:57:46","slug":"tron-team-to-withdraw-2-5-billion-trx-from-binance-to-bolster-usdd-stability","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/tron-team-to-withdraw-2-5-billion-trx-from-binance-to-bolster-usdd-stability\/","title":{"rendered":"TRON team to withdraw 2.5 billion TRX from Binance to bolster USDD stability"},"content":{"rendered":"<p>The decentralized autonomous organization TRON DAO Reserve said it would withdraw 2.5 billion TRX from Binance &#8216;to safeguard the blockchain industry and the crypto market&#8217;.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve will withdraw 2.5 billion <a href=\\\"https:\/\/twitter.com\/hashtag\/TRX?src=hash&#038;ref_src=twsrc%5Etfw\\\">#TRX<\/a> out of binance.<\/p>\n<p>\u2014 TRON DAO Reserve (@trondaoreserve) <a href=\\\"https:\/\/twitter.com\/trondaoreserve\/status\/1536998029978370049?ref_src=twsrc%5Etfw\\\">June 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Earlier the DAO transferred 100 million USDT to Binance to purchase TRX. The operation was part of efforts to support the stability of the algorithmic stablecoin USDD.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve have transferred 100 million <a href=\\\"https:\/\/twitter.com\/hashtag\/USDC?src=hash&#038;ref_src=twsrc%5Etfw\\\">#USDC<\/a> on TRON to binance to purchase <a href=\\\"https:\/\/twitter.com\/hashtag\/TRX?src=hash&#038;ref_src=twsrc%5Etfw\\\">#TRX<\/a>. <a href=\\\"https:\/\/t.co\/lVTDlvQNEL\\\">https:\/\/t.co\/lVTDlvQNEL<\/a><\/p>\n<p>\u2014 TRON DAO Reserve (@trondaoreserve) <a href=\\\"https:\/\/twitter.com\/trondaoreserve\/status\/1536990045105795073?ref_src=twsrc%5Etfw\\\">June 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>On June 13, amid crypto market volatility, USDD <a href=\"https:\/\/forklog.com\/en\/news\/algorithmic-stablecoin-usdd-briefly-lost-its-peg-to-the-us-dollar\">lost parity<\/a> to the US dollar. The stablecoin has not been able to regain its peg to the anchor asset for three days. On Tuesday and Wednesday its price fell to around $0.95.<\/p>\n<p>As of writing, the &#8216;stablecoin&#8217; trades near $0.97.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"457\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/USDDUSDT_2022-06-15_12-19-33-1024x457.png\\\" alt=\\\"TRON team will withdraw 2.5 billion TRX from Binance to bolster USDD stability\\\" class=\\\"wp-image-175958\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/USDDUSDT_2022-06-15_12-19-33-1024w 1024w, https:\/\/forklog.com\/wp-content\/uploads\/USDDUSDT_2022-06-15_12-19-33-300x134.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/USDDUSDT_2022-06-15_12-19-33-768x343.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/USDDUSDT_2022-06-15_12-19-33-1536x685.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/USDDUSDT_2022-06-15_12-19-33.png 1834w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption class=\\\"wp-element-caption\\\">Hourly chart of USDD\/USDT on Poloniex. Data: TradingView.<br \/><\/figcaption><\/figure>\n<p>On June 14, TRON DAO Reserve <a href=\\\"https:\/\/tronscan.io\/#\/transaction\/ddbcb1221f8bc7756145a4003abe2868104426dcb370fc0a15e47dca1f12522c\\\">received<\/a> 500 million USDC and increased the USDD collateralization to 310%. On its addresses hold more than $1.5 billion in BTC, USDT, USDC and TRX. Part of the collateral (over $723 million) also consists of the cryptocurrency that was taken out of circulation during the stablecoin&#8217;s issuance.<\/p>\n<figure class=\\\"wp-block-image size-large\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"1024\\\" height=\\\"407\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/trondao-1024x407.png\\\" alt=\\\"TRON team will withdraw 2.5 billion TRX from Binance to bolster USDD stability\\\" class=\\\"wp-image-175959\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/trondao-1024w.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/trondao-300x119.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/trondao-768x305.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/trondao.png 1164w\\\" sizes=\\\"auto, (max-width: 1024px) 100vw, 1024px\\\" \/><figcaption class=\\\"wp-element-caption\\\">Data: <a href=\\\"https:\/\/tdr.org\/#\/\\\">TRON DAO Reserve<\/a>.<\/figcaption><\/figure>\n<p>As reported, after the collapse of UST and LUNA the TRON team said it would modify USDD into an &#8216;over-collateralised stablecoin&#8217;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralized autonomous organization TRON DAO Reserve said it would withdraw 2.5 billion TRX from Binance &#8216;to safeguard the blockchain industry and the crypto market&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":62927,"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-62926","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":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62926","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=62926"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62926\/revisions"}],"predecessor-version":[{"id":62928,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/62926\/revisions\/62928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/62927"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=62926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=62926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=62926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}