Tron DAO Reservköp $38 Miljoner i TRX för att skydda Stablecoin USDD

Den maj 5, Tron’s algorithmic stablecoin USDD went live and so far, den fiat-peggade token har listats på ett antal decentraliserade finanser (defi) protokoll. Två dagar senare, Tron DAO Reserve meddelade att de köpt 504.6 miljoner tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve similar to Terra’s UST reserves.

Innehåll

Tron DAO Reserve and Justin Sun Reveal a $38 Miljon TRX Purchase

Terra’s UST reserve system is becoming a popular scheme, and Tron’s USDD stablecoin project is following the pattern. Bitcoin-Tidings.com nyheter rapporterad on Tron’s algorithmic stablecoin project on April 21, and since then the fiat-pegged crypto asset has officially launched. The project has a number of partners now and USDD is listed on Pancakeswap, Kyberswap, Sunswap, Sun.io, Curve Finance, Uniswap, and Ellipsis.

Enligt tronscan.org, there’s approximately 211,245,005.49 USDD at the time of writing. Statistics show on Saturday, Maj 7, 2022, Uniswap version three (v3) is the most active exchange to buy and sell USDD. While USDD’s $211 million market capitalization is small potatoes to Terra’s UST ($18.7B), its only been around for two days. While terrausd (UST) fick syn på $990.3 million in 24 hour trades, USDD saw $2.31 million during the past day. USDD’s market valuation is larger than gemini dollar’s (GUSD) $199.5 million market capitalization.

På lördag, the Tron DAO and Tron’s founder Justin Sun announced that the team purchased 504,600,250 TRX at an average price of 0.07727 per enhet. The purchase will be used as a reserve asset to “safeguard the overall blockchain industry and crypto market,” Tron DAO Reserve account sa on Saturday afternoon.

[Tron DAO Reserve] has done its job,” Tron’s founder Justin Sun twittrade this weekend.

Decentraliserat, Algorithmic, and Centralized — The Quest to Perfect the Stablecoin Continues

Even though decentralized and algorithmic stablecoins sound cool in theory, there are concerns and frågor about whether or not they can maintain a stable peg for as long as they exist. Självklart, some centralized stablecoin projects in the past have failed, and Makerdao’s decentralized DAI stablecoin was tested during the March 12, 2020 ‘Black Thursday’ event. Makerdao uses an over-collateralization (OC) process to secure DAI’s USD peg, and two years before the March 12th event, Bennett Tomlin’s blogginlägg predicted ethereum’s (ETH) price stress that could affect DAI’s USD peg.

I november 2020, the OUSD stablecoin issuer, Origin Protocol suffered from a flash loan attack and the coin temporarily lost its peg. During the first week of April, the Waves-based stablecoin neutrino usd (USDN) temporarily dropped from the pegged dollar price. A year ago in April, the stablecoin fei usd’s (FEI) fiat value sunk below a dollar for a short period of time. So far a number of the aforementioned projects rebounded shortly after the lost peg, and the stablecoin projects have maintained a stable peg since then.

The Tron DAO Reserve purchase of 504,600,250 TRX was worth $38.99 million at the time of settlement. De TRX purchase also follows the recent acquisition of $1.4 billion worth of bitcoin (BTC) by the Luna Foundation Guard (LFG). The non-profit LFG now holds 80,394 BTC och $100 miljon worth of AVAX to safeguard UST. Dessutom, Tron DAO has partnered with three crypto institutions who are now deemed whitelisted Tron DAO Reserve members. Tron DAO Reserve institutional partners include Poloniex, Alameda Research, and Amber Group, while Tron DAO Reserve acts as USDD’s “early custodian.”

Taggar i denna berättelse
$211 miljon, Alameda Research, algoritmisk, bärnstensgrupp, Bekymmer, DAI, Decentraliserat, FEI, justin sun, lfg, luna foundation guard, makerdao, Börsvärde, OUSD, överbelåning, Poloniex, frågor, Stablecoins, stablecoin USDD, Stablecoins, TerraUSD, tron, tron (TRX), TRON DAO Reserv, trx, USDD, USDD Stablecoin, USDN, UST

What do you think about Tron’s algorithmic stablecoin USDD? What do you think about the project purchasing $38 million in TRX to safeguard the stablecoin’s peg? Låt oss veta vad du tycker om detta ämne i kommentarsfältet nedan.

Jamie Redman

Jamie Redman är nyhetsledare på Bitcoin-Tidings.com News och en finansteknisk journalist som bor i Florida. Redman har varit en aktiv medlem i kryptovalutagemenskapen sedan dess 2011. Han har en passion för Bitcoin, öppen källkod, och decentraliserade applikationer. Sedan september 2015, Redman har skrivit mer än 5,000 artiklar för Bitcoin-Tidings.com Nyheter om de störande protokoll som dyker upp idag.




Bildkrediter: Shutterstock, Pixabay, Wiki Commons

varning: Den här artikeln är endast i informationssyfte. Det är inte ett direkt erbjudande eller uppmaning till ett erbjudande att köpa eller sälja, eller en rekommendation eller rekommendation av någon produkt, tjänster, eller företag. Bitcoin-Tidings.com ger inte investeringar, beskatta, Rättslig, eller redovisningsrådgivning. Varken företaget eller författaren ansvarar, direkt eller indirekt, för alla skador eller förluster som orsakas eller påstås vara orsakade av eller i samband med användningen av eller tilliten till något innehåll, varor eller tjänster som nämns i denna artikel.

Läsa varning