{"id":65549,"date":"2022-08-09T16:00:00","date_gmt":"2022-08-09T13:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65549"},"modified":"2025-09-06T20:35:39","modified_gmt":"2025-09-06T17:35:39","slug":"wintermute-gains-the-right-to-issue-usdd-stablecoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/wintermute-gains-the-right-to-issue-usdd-stablecoin\/","title":{"rendered":"Wintermute gains the right to issue USDD stablecoin"},"content":{"rendered":"<p>Market-maker Wintermute has become the ninth participant in the TRON DAO Reserve, the organisation behind the <a href=\"https:\/\/forklog.news\/algoritmicheskie-stejblkoiny-kak-razvivayutsya-alternativy-usdt-i-usdc\/\">algorithmic stablecoin<\/a> USDD. ForkLog reported.<\/p>\n<p>The trading firm has gained the ability to issue and burn USDD. Wintermute will also advise the organisation on developing the stablecoin project.<\/p>\n<p>The coin entered circulation on May 5, on the eve of the collapse of LUNA and Terra USD (UST). The stablecoin is available on TRON, Ethereum and BNB Chain.<\/p>\n<p>TRON DAO Reserve noted that it recognised the elasticity of USDD&#8217;s price relative to the dollar amid market turmoil. According to project representatives, the emphasis on overcollateralisation of the asset helped stabilise pricing.<\/p>\n<p>As of writing, the circulating supply stands at 739,887,667 USDD. The reported reserves of the stablecoin exceed $2.33 billion.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/LVGMOB4uK4xAPwik0S0s0d4XUHwkGbLWMaArX2AaiJWURvBNc5eoJYAecKVEZ0iadDt44ljA1fGul9RtWF4LCBciEodnspDsv3XDbxZX50gU1dFMvHG8HdgO6pNYp2V4h7XY1HIvZzics--bDFedXYw\" alt=\"Wintermute gains the right to issue USDD stablecoin\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/tdr.org\/#\/\">TRON DAO Reserve<\/a>.<\/figcaption><\/figure>\n<p>The algorithmic trader Wintermute is a recognised player in the crypto market with an average daily trading volume of more than $5 billion. The company supports over-the-counter trading and provides liquidity to both centralized and decentralized platforms.<\/p>\n<p>In May, TRON founder Justin Sun named USDD collateralisation of $2 billion as the objective for the first phase. He said that, in the long run, the figure could reach $10 billion.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market-maker Wintermute has become the ninth participant in the TRON DAO Reserve, the organisation behind the algorithmic stablecoin USDD, ForkLog reported.<\/p>\n","protected":false},"author":1,"featured_media":65550,"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":[807,951,1660,1149],"class_list":["post-65549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-stablecoins","tag-tron","tag-usdd-stablecoin","tag-wintermute"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65549","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=65549"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65549\/revisions"}],"predecessor-version":[{"id":65551,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65549\/revisions\/65551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/65550"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=65549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=65549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=65549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}