Резерв Tron DAO покупает TRX на 38 миллионов долларов для защиты стабильной монеты USDD

5 мая был запущен алгоритмический стейблкоин Tron USDD, и на данный момент токен с привязкой к фиату включен в ряд протоколов децентрализованного финансирования (defi). Двумя днями позже Tron DAO Reserve объявил о покупке 504,6 млн тронов (TRX) для поддержки алгоритмической стабильной монеты, поскольку проект направлен на использование децентрализованного валютного резерва.

Timeline of Tron, Usdd

A wise man once said “Algorithmic stablecoins are fast becoming the norm – protocol-issued dollars coming to every blockchain.” Like a self-fulfilling prophecy, two days ago, Tron launched its USDD algorithmic stablecoin.

TerraUSD's (UST) growth over the last couple of weeks has brought a shift of sorts in the stablecoin world, with people now realizing the importance of decentralized stablecoins. Tron brings USDD Tron recently announced the launch of its own decentralized stablecoin USDD to capitalize on the innovative opportunity, and the same went live a day

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The Crypto Fear and Greed Index stands at 23, meaning extreme fear.

The TRON(TRX) price escaped a three-month-long consolidation phase with a bullish breakout from the resistance trendline of the inverted flag pattern. The breakout rally tagged an overhead resistance of $0.09 and reverted to a retest phase; however, the RSI indicator suggests weakness in the bullish momentum despite a strong follow-up candle.

Tron (TRX), the native token on the namesake blockchain vastly outperformed a crypto market crash in the past 24 hours, amid hype over a new stablecoin. The main reason behind the token's rally was the purchase of about 504.6 million TRX by Tron's new stablecoin reserve.

TRX, Tron's native coin, has been trending upwards since the beginning of the month. Tron has announced that its algorithmic stable currency USDD will be available soon and since then it has experienced an increase in interest. Tron was trading at $0.086 at the time of writing. After reaching the $0.09 resistance level, the coin …

Tron's native coin TRX has been moving on bullish price action since the beginning of the month. Tron had announced in the past weeks, that, it is soon to be going live with its algorithmic stable coin USDD.

The Tron blockchain's plans for a decentralized reserve appear to be gathering interest from several major players in the crypto industry. Tron's algorithmic stablecoin, USDD, began trading earlier this week.

Be[in]Crypto takes a look at the five altcoins that increased the most over the past seven days, more specifically from April 29 to May 6. The post Tron (TRX) Increased By 10% Despite Market Correction: Biggest Weekly Gainers appeared first on BeInCrypto.

Justin Sun, the founder of the Tron blockchain network, said that he has launched a USDD decentralized stablecoin pegged to the US dollar at a ratio of 1:1 through the Tron DAO Reserve.