Tron

Tron founder Justin Sun is making the case for why Decentralized USD (USDD) is different than Terra's failed decentralized UST stablecoin. In an interview with CoinGecko, Sun says that USDD, Tron's algorithmic stablecoin, is a hybrid that uses the best aspects of every USD-pegged asset on the market.

Is Tron's New Stablecoin the Next UST? Crypto Billionaire Justin Sun Makes Case for USDD

Tron DAO Reserve (TDR), a group that governs the Decentralized USD (USDD) stablecoin, has signed up Wintermute as its latest member. The post Tron DAO Reserve gives Wintermute the right to mint and burn USDD appeared first on The Block.

Tron DAO Reserve gives Wintermute the right to mint and burn USDD

Ethereum

Tron (CRYPTO: TRX) founder Justin Sun has publicly backed a Proof-of-Work Ethereum (CRYPTO: ETH) fork post the Merge. What Happened: “We all want to be the first solution when everybody uses Ethereum proof-of-work post-Merge,” said Sun to CoinDesk TV on Monday.

Tron's Justin Sun Backs Ethereum Proof-Of-Work Fork After Merge

The founder and former chief executive of smart contract platform Tron (TRX) is reportedly saying that his crypto exchange will support all future forked Ethereum (ETH) tokens.

Tron Founder Justin Sun Says His Crypto Exchange Poloniex Will Support All Future Forked Ethereum Tokens: Report

Ethereum Classic

Ethereum classic was approaching a ten-week high on Wednesday, as prices rose by over 14% in today's session. These gains came as prices rose for a second consecutive day, with tron also extending recent gains during hump day. Overall, the crypto market cap is 1.51% higher as of writing.

Biggest Movers: ETC Nears 10-Week High, as TRX Extends Recent Gains

After tapping a 2022 low of $70 billion on June 19, the total value locked (TVL) in decentralized finance (defi) has increased by more than $7 billion. During the last seven days, the TVL in defi held within the Ethereum blockchain has increased by 4.47% as Ethereum's TVL commands 62.92% dominance or $48.

Value Locked in Defi Swells by $7 Billion, Tron's TVL Spikes 34.85%, Ethereum Dominates by 62%

Dogecoin

DOGE was trading higher on Monday, as prices rose to their highest level in almost 20 days. TRX was also in the green to start the week, as prices continued to climb, following a recent streak of bullish momentum. Dogecoin (DOGE) DOGE was a notable mover during today's session, as prices rose to their highest […]

Biggest Movers: DOGE Nears 20-Day High, as TRON Also Surges

USDD (CRYPTO: USDD), Tron's stablecoin, has failed to maintain its $1 peg for the past week, floating between 92 and 98 cents.  What Happened: USDD acts as an algorithmic stablecoin that in the past month has been collateralized with reserves worth $2.35 billion, constituting Bitcoin (CRYPTO: BTC), Tron (CRYPTO: TRX) and Tether (CRYPTO: USDT), holding a collateral ratio of 324.97%.

Tron's Stablecoin USDD Remains Below $1 For 1 Week As Investor Uncertainty Grows

Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the […]

USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged

Solana

SOL was nearly 10% higher on Thursday, as crypto prices rebounded following recent losses. The rebound comes a day after the latest Fed rate hike, with TRX also gaining on the news. Solana (SOL) SOL was trading higher during today's session, spurred by the latest Federal Reserve rate hike. Following a low of $28.46 on […]

Biggest Movers: SOL, TRX Nearly 10% Higher, as Crypto Prices Marginally Rebound

Following this latest withdrawal, the DAO Reserve will have pulled 5.5 billion TRX from exchanges in two days, or nearly 6% of total supply. The post Tron DAO to withdraw another 3 billion TRX from exchanges appeared first on The Block.

Tron DAO to withdraw another 3 billion TRX from exchanges

Zurich, Switzerland, 15th June, 2022, Chainwire TRON, one of the largest and most popular public blockchains, has announced that TRX will be supported by Crypto…

Crypto Finance to support Tron Blockchain and its native Token

On June 15, stablecoin USDD (CRYPTO: USDD) broke its peg to the U.S. dollar and touched $ 0.9582. Consequently, Tron (CRYPTO: TRX) fell to $ 0.048.

Tron's Stablecoin USDD De-Pegs, DAO Distributes Another $500 Million To Protect Peg

The token dipped as low as $0.959 this morning before recovering to $0.974 at the time of writing. The post Tron's USDD dips below 96 cents as stablecoin enters third day adrift appeared first on The Block.

Tron's USDD dips below 96 cents as stablecoin enters third day adrift

Tron's USDD stablecoin traded at $0.968 as of 5:18 a.m. ET on Wednesday. The post Tron DAO Reserve pulls 2.5 billion TRX from Binance as USDD slips further from peg appeared first on The Block.

Tron DAO Reserve pulls 2.5 billion TRX from Binance as USDD slips further from peg

USDC

TronDAO has bought a further 500 million USDC stablecoin today, it announced on Twitter. The post Tron DAO Reserve adds another 500 million USDC to help USDD stablecoin peg appeared first on The Block.

Tron DAO Reserve adds another 500 million USDC to help USDD stablecoin peg

Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron's stablecoin USDD has once again dropped to $0.974 per unit, indicating a small amount of instability continues to plague the fiat-pegged token. The dip to $0.97 follows Monday's deviation from the parity and comes after the Tron […]

Despite Overcollateralized Reserve, Tron's USDD Stablecoin Slips to $0.974 per Token

Tron (TRX) founder Justin Sun says the Tron DAO Reserve will deploy $2 billion to defend the Decentralized USD (USDD) peg. Sun recently unveiled his plan to keep TRX and stablecoin USDD from collapsing amid the sustained sell-off in the crypto markets. “[Tron DAO Reserve] will deploy $2 billion USD to fight them. I don't […] The post Tron Founder Justin Sun Announces Plan To Deploy $2,000,000,000 To Defend USDD Peg As Crypto Markets Plummet appeared first on The Daily Hodl.

Tron Founder Justin Sun Announces Plan To Deploy $2,000,000,000 To Defend USDD Peg As Crypto Markets Plummet

Amid Monday's crypto market crash, Tron's stablecoin USDD lost its dollar peg, slipping to lows of $0.9764.

Tron's USDD Stablecoin Slips From Dollar Peg Amid Crypto Market Crash

The USDD stablecoin slipped further from its peg to the dollar on Tuesday in a sign of ongoing stress in crypto markets. The post Tron's algorithmic stablecoin slips further from its dollar peg appeared first on The Block.

Tron's algorithmic stablecoin slips further from its dollar peg

After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron's founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the Tron DAO Reserve would deploy […]

Tron's Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity

The project had been preparing for potential market turbulence following the collapse of Terra. The post Tron deploys $2 billion from reserves to guard against shorts appeared first on The Block.

Tron deploys $2 billion from reserves to guard against shorts

Bitcoin

The purchase was announced in a tweet saying it was meant to “safeguard the overall blockchain industry and crypto market.” The post Tron Dao buys $50M of Bitcoin and TRX to add to USDD reserves appeared first on The Block.

Tron Dao buys $50M of Bitcoin and TRX to add to USDD reserves

Terra

Terra's collapse boosted activity on Ethereum and BNB Chain. But Tron is also getting a boost from its algorithmic stablecoin that resembles.

Where Is Terra's Market Share Going? Ethereum, BNB Chain, and Tron

Tron (TRX) founder Justin Sun doesn't want the Decentralized USD (USDD) stablecoin to become the next TerraUSD (UST). Last month, algorithmic stablecoin UST lost its peg to the US dollar and collapsed along with its affiliated stablecoin Terra (LUNA), wiping out $40 billion in crypto market capitalization. Prior to the UST meltdown, the Tron decentralized […] The post Tron (TRX) Founder Justin Sun Unveils Plan To Secure USDD Stablecoin From Terra-Like Collapse appeared first on The Daily Hodl.

News for Tron Crypto (TRX)