TRON DAO adds $20M to its reserve to safeguard against bear market

TRON DAO adds $20M to its reserve to safeguard against bear market
фото показано с : coinjournal.net

2022-7-8 16:57

TRON DAO Reserve has today announced on Twitter that it has purchased an extra $10 million worth of USDD and $10 million worth of TRX for its reserve.

The tweet reads:

“To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve have purchased another $10,000,000 #USDD and #TRX as reserve.”

TRON reserve had fallen by $20 million following the current bear market and the added amount will bring back the reserve to its previous level. TRON has been adding to its reserve continuously as the crypto bear market persists.

The update by TRON DAO Reserve was also confirmed by Justin Sun, who is the founder and leader of the TRON Foundation.

total 20 million for today! https://t.co/Hcaq58TZhg

— H.E. Justin Sun 🅣🌞🇬🇩 (@justinsuntron) July 8, 2022

The Fight to preserve USDD dollar parity

USDD is TRON’s algorithmic stablecoin, similar to the USTC (previously UST) of Terra Classic (previously Terra LUNA).

To prevent the USDD from undergoing a similar collapse as what happened to the USTC, TRON has collateralized USDD using a TRON DAO Reserve.

The DAO holds $2.2 billion worth of collateral in BTC, USDC, USDT, TRX, and the added $10 million worth of USDD. The USDD is about 316% overcollateralized.

Last month, the TRON DAO Reserve added $2 billion as it fought shorting against the TRX in trying to perverse the USDD dollar parity. The USDD had spent a week trading below $1 and even went to as low as $0.93 but has since recovered to the dollar party. Following the de-peg, TRON DAO has added USDD and TRX on several occasions.

While the launch of the USDD stablecoin was hyped as a major booster for TRON, TRON has had to fight tooth and nail to ensure the algorithmic stablecoin doesn’t collapse like the UST. In general, while the USDD has maintained its dollar parity so far, the TRON token has dropped by about 50% from its 2021 high of $0.16.

The post TRON DAO adds $20M to its reserve to safeguard against bear market appeared first on CoinJournal.

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$ 0.0005018 (+0.16%)
Объем 24H $0
Изменеия 24h: 4.80 %, 7d: 64.03 %
Cегодня L: $0.0005018 - H: $0.0005018
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reserve tron dao market against bear 20m

Источник: coinjournal.net

reserve tron → Результатов: 18


Команда Tron выведет с Binance 2,5 млрд TRX для обеспечения устойчивости USDD

Децентрализованная автономная организация TRON DAO Reserve заявила, что выведет с платформы Binance 2,5 млрд TRX «для защиты блокчейн-индустрии и криптовалютного рынка». To safeguard the overall blockchain industry and crypto market, TRON DAO Reserve will withdraw 2.

2022-6-16 12:24


USDD Tron — децентрализованный стейблкоин с чрезмерным обеспечением

На фоне турбулентности, случившейся со стейблкоинами в прошлом месяце, USDD Tron продолжает добиваться заметных успехов. Перечислим некоторые из них. В организации TRON DAO Reserve заявили, что USDD дорос до «первого децентрализованного стейблкоина с чрезмерным обеспечением».

2022-6-6 12:27


Джастин Сан выделит $2 млрд для предотвращения обвала USDD

Джастин Сан увидел признаки готовящейся атаки на запущенный в мае в сети Tron алгоритмический стейблкоин USDD.   Глава Tron Foundation пообещал выделить $2 млрд через TRON DAO Reserve для предотвращения утраты USDD привязки к доллару США, как это случилось с Terra USD (UST).

2022-5-11 18:16


TRON DAO Reserve купила биткоины и токены TRX на $61 млн для обеспечения USDD

Организация TRON DAO Reserve приобрела биткоины и токены TRON для обеспечения алгоритмического стейблкоина USDD. https://twitter. com/trondaoreserve/status/1523919860107202560 Организация купила 500 ВТС по средней цене в $31 000 на сумму более $15,5 млн.

2022-5-10 14:26


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