Justin Sun Tweeted that as the price of Tron (TRX) dropped, the Tron DAO Reserve will deploy $2 billion to counter short-sellers.
Tron’s Stablecoin Peg to Dollar Wobbles; Justin Sun Swears to Deploy $2B to Prop Up
The Tron network’s stablecoin, USDD, lost its peg to the U.S. dollar on Monday, dipping to as low as 91 cents, as crypto markets nosedived as investors grew increasingly concerned about persistently …
Tron DAO Reserve deploys more assets as USDD depegs and TRX falls 18%
For TRON, things have somehow started to get worse after the Tron DAO Reserve was forced to deploy resources after its stablecoin, the USDD, de-pegged …
USDD Crypto Has a Terra Moment, Sliding From Its Peg and Shaking Holders
USDD crypto prices dropped below $1 for the first time, causing investors to call into question the algorithmic price model once again.
TRON’s USDD is de-pegging as TRX price plummets
TRON’s stablecoin USDD recently lost its peg with the USD amidst marketwide fears of a crash. Justin Sun informed the community that TRON DAO reserve will deploy $2 billion to re-establish USDD’s peg.
Tron’s USDD Collateral Ratio Could Be Hiding Another Stablecoin Collapse
Tron announced the USDD coin in late April, and as per calculations, it seems that the advertised collateralization of around 188% is technically not correct.
New Coin Listing: XT.COM Supports Metatron Coin (MTC)
XT.COM, the world’s most secured and socially infused exchange is proud to announce its partnership with Metatron Coin (MTC). This collaboration will enable both XT.COM and MTC to expand their global …
Why this inflection point for TRON could propel TRX price by 26%
TRON price is grappling with the $0.0815 resistance barrier, looking to flip it into a support floor. If successful, TRX bulls could trigger a 26% run-up to the next hurdle at $0.101. A daily …
Don’t Touch These 7-10 Cryptos With a 10-Foot Pole
InvestorPlace – Stock Market News, Stock Advice & Trading Tips It’s been a rough year for investors in cryptocurrency. The massive …
The strongest sell signal for TRON price is the one nobody is talking about
Tron price is currently trading at $0.08 as the crypto market as a whole is producing a stalemate this Tuesday. Illiquid market days usually provide investors time to review cryptocurrencies in search …
7 Cryptos to Sell Before They Start to Spiral
As the cryptocurrency market faces a bearish trend, a lot of projects have started to fall. These seven cryptos to sell could be next.
Spurred by UST’s Collapse Tron Overcollateralizes USDD
The implosion of Terra Classic’s algorithmic stablecoin UST has prompted Tron to reinforce the reserves backing its algorithmic stablecoin, USDD. “We want to have USDD to be overcollateralized, which …
TRX price has smart money traps hidden in the technicals
TRX price shows significant sell pressure on the volume indicator. Invalidation of the bearish thesis is a breach above …
Tron Network Hoping to Buck Algorithmic Stablecoin Doubters With Bitcoin, Tether Backing
The Tron (TRX-USD) network has been drawing the spotlight for several weeks now after its curiously-timed release of a new product. Just days after the collapse of a major algorithmic stablecoin …
TRON’s stablecoin USDD employs an overcollateralised mechanism to maintai the USD price peg
After Terra’s algorithmic stablecoin TerraUSD (UST) failed miserably in May, TRON announced a plan to back up its own stablecoin with more capital on Sunday morning. An announcement on Sunday says …
TRON upgrades USDD in the aftermath of TerraUSD collapse
USDD, a decentralized stablecoin on the TRON blockchain, now has nearly $1.4 billion worth of reserves backing the 667 million circulating tokens.
Tron Price Analysis: TRX Is Making a Bullish Effort
Tron’s Price Activities. The long term bias shows the crypto market runs an ascending trading pattern from around 0.06000 to a …
Tron modifies USDD stablecoin to avoid Terra-like disaster
Tron, which debuted the USDD algorithmic stablecoin last month, is looking to avoid the trouble its fellow token TerraUSD ran into by boosting transparency and adding collateral. Total USDD supply …
Tron Modifies USDD Stablecoin to Avoid Terra-Style Collapse
Tron, which debuted the USDD algorithmic stablecoin last month, is looking to avoid the trouble its fellow token TerraUSD ran into by boosting transparency and adding collateral.
Tron Modifies USDD Stablecoin to Avoid Woes of TerraUSD
Tron, which debuted the USDD algorithmic stablecoin last month, is looking to avoid the trouble its fellow token TerraUSD ran into by boosting transparency and adding collateral. Total USDD supply …
Crypto Crash Latest Update 6/4: Solana, Cardano, Polkadot, Tron, Avalanche, Matic fall upto 12%
Solana, Cardano, Bitcoin, Ethereum, Polkadot, XRP, Dogecoin fall – Global crypto market cap crashes to $1.21 trillion …