Tron

Tron (CRYPTO: TRX) launched its USDD (CRYPTO: USDD) algorithmic stablecoin last month and now it is making major changes to its architecture to avoid the fate of Terra (CRYPTO: LUNA) and the algorithmic stablecoin that brought it down TerraUSD (CRYPTO: UST). What Happened: Tron is boosting USDD's transparency and increasing its collateral reserves to.

Tron Fixes Its USDD Stablecoin To Avoid Replicating Terra (LUNA) and TerraUSD's (UST) Fate

Terra

TRON now says it has overcollateralized USDD, which began life only one month ago as an algorithmic stablecoin. The post Terra fiasco triggers bigger backstop for TRON's stablecoin appeared first on The Block.

Terra fiasco triggers bigger backstop for TRON's stablecoin

Avalanche

Ethereum

Pseudonymous crypto trader Altcoin Sherpa is outlining his outlook on several altcoins amid this week's market volatility. The analyst tells his 176,300 Twitter followers the native token for smart contract platform Avalanche (AXAX) could see a good short-term trading opportunity soon, though he doesn't think the asset has hit its “macro bottom” quite yet. $AVAX: […] The post Here's What's Next for Ethereum and Two ETH Rivals, According to Top Crypto Analyst appeared first on The Daily Hodl.

Here's What's Next for Ethereum and Two ETH Rivals, According to Top Crypto Analyst

TRON neared a seven-month high on Wednesday, as prices climbed for a third consecutive session. This came while KSM also rallied earlier today, gaining by double digits on hump-day. TRON (TRX) TRX moved towards a seven-month high during today's session, as prices climbed by almost 15% on Wednesday. After trading at a low of $0.08039 […]

Biggest Movers: TRX Moves Towards 7-Month High as KSM Extends Recent Gains

An under-the-radar altcoin's total value locked (TVL) is on the rise as its affiliated algorithmic stablecoin continues to capture more market share. Tron (TRX), a project originally designed to serve as a decentralized storage and distribution platform for social media and digital entertainment content, is now the third-largest blockchain in terms of TVL at $6.03 […] The post Tron (TRX) Surpasses $6,000,000,000 in Total Value Locked Amid Explosion of USDD Algorithmic Stablecoin appeared first on The Daily Hodl.

Tron (TRX) Surpasses $6,000,000,000 in Total Value Locked Amid Explosion of USDD Algorithmic Stablecoin

This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that's similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron's TVL rising, […]

Tron Now Commands the Third-Largest TVL in Defi — Network's Stablecoin USDD Confronted by Skepticism

Tron's DeFi activity saw a sharp spike following the launch of its algorithmic stablecoin promising more than 20% per year returns.

Tron Becomes DeFi's Third-Largest Blockchain Thanks to Terra-Like Stablecoin

Fantom

NEAR Protocol

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The creation of adequately decentralized and secure stablecoins remains a lofty but important goal for a crypto industry that hopes to one day facilitate the majority of the world's financial activities Taking inspiration from Terra's astonishing level of growth prior to its now-infamous collapse, several L1s are now boldly pushing forward with experimental stablecoins of their own as they attempt to drive growth to their ecosystems This week, we take a look at Fantom, NEAR, and TRON

Layer by Layer Issue 32: Fantom, NEAR, and TRON

A closely tracked trader is naming one altcoin that he says can come out as the big winner following the crumbling of Terra (LUNA) and its algorithmic stablecoin TerraUSD (UST). Pseudonymous trader Light tells his 160,600 Twitter followers that Tron (TRX) and its algorithmic stablecoin Decentralized USD (USDD) are poised to fill the vacuum left […] The post Top Trader Says One Under-the-Radar Altcoin Set To Emerge As Winner of Terra (LUNA) Collapse appeared first on The Daily Hodl.

Top Trader Says One Under-the-Radar Altcoin Set To Emerge As Winner of Terra (LUNA) Collapse

Tron rallied during today's session, as it headed towards a one-week high, following recent declines. This came as Thorchain's RUNE continued to trade lower, with today's drop pushing prices closer to their lowest point since January 2021. Tron (TRX) Tron (TRX) surged towards a seven-day week high during Thursday's session, as prices rebounded following a […]

Biggest Movers: Tron Moves to 1-Week High, as Thorchain's RUNE Nears Lowest Level Since January 2021

Bitcoin

Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network's stablecoin USDD. Since then and since the terrausd (UST) de-pegging event, the Tron DAO Reserve has continued to purchase large quantities of digital assets to bolster the project's reserves. In addition to the tron purchases, […]

Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD

A TRON lending protocol is offering 30% interest rates for holding USDD stablecoin. What could possibly go wrong?

Justin Sun Promotes High-Yield, Terra-Inspired Stablecoin on Tron

Even in this crypto winter, somewhere a Sun is shining.

You'll Never Guess Which Coin Is Defying the Crypto Crash

On May 5, Tron's algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve […]

Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

Tron's new algorithmic stablecoin USDD has officially gone live on the blockchain.   The post Tron's new algorithmic stablecoin USDD goes live appeared first on The Block.

Tron's new algorithmic stablecoin USDD goes live

Tron (TRX) rallied to a five-month high earlier in today's session, as bulls continued to feed off recent news of the USDD stablecoin. While TRX climbed to multi-month highs, WAVES moved away from a two-month low today, as prices surged by as much as 15%. Tron (TRX) May the 4th was definitely with Tron on […]

Biggest Movers: Tron Climbs to 5-Month High, With WAVES up 15%

Geneva, Switzerland, 4th May, 2022, TRON has announced its intentions to explore investment opportunities and promote blockchain technology in Suriname. Delegates from the TRON network…

TRON Announces its Collaboration and Investment Initiatives in Suriname

The closely followed analyst and host of Coin Bureau is issuing warnings on a slew of altcoins that put in good performances last week, but face headwinds as crypto markets correct. In a new update, the pseudonymous analyst known as Guy tells his 2.03 million subscribers that smart contract platform TRON‘s (TRX) rallies after news […] The post Coin Bureau Issues Warning on TRON (TRX), STEPN (GMT), Nexo and Another Altcoin As Crypto Markets Teeter appeared first on The Daily Hodl.

Coin Bureau Issues Warning on TRON (TRX), STEPN (GMT), Nexo and Another Altcoin As Crypto Markets Teeter

NEXO was up by nearly 50% on Friday, as markets reacted to the news that Binance was listing the token on its platform. Today's surge sent NEXO to a multi-week high, while TRON also moved higher, hitting a one week peak. NEXO Two weeks after announcing a partnership with Mastercard to launch the world's first […]

Biggest Movers: NEXO up Nearly 50% After Binance Listing, While TRON Climbs to 1-Week High

Following news that Tron plans to roll out a new algorithmic stablecoin, the network's native token TRX has jumped more than 7%.

Tron's TRX Token Jumps 7% On News of Native Algorithmic Stablecoin

It's also planning on raising $10 billion for a reserve fund.

Tron to Create Algorithmic Stablecoin to Be More Like Terra

TRON (TRX) CEO Justin Sun is announcing that a new decentralized stablecoin is launching on the smart contract platform. Sun tells his 3.3 million Twitter subscribers that the TRON decentralized autonomous organization (DAO) has worked in conjunction with other prominent blockchains to launch stablecoin Decentralized USD (USDD). According to an open letter penned by Sun, […] The post TRON (TRX) Founder Justin Sun Announces Launch of New Stablecoin Backed by Crypto Assets appeared first on The Daily Hodl.

TRON (TRX) Founder Justin Sun Announces Launch of New Stablecoin Backed by Crypto Assets

On April 21, Justin Sun, the founder of Tron, announced the launch of a decentralized algorithmic stablecoin called USDD. Sun said on Thursday that the USDD Network will “provide custody service for the $10 [billion] worth of highly liquid assets raised from blockchain industry initiators and use them as an early-stage reserve.” Tron to Launch […]

Tron's Justin Sun Reveals Decentralized Algorithmic Stablecoin USDD

TRX was up by over 17% on Thursday, as founder H.E. Justin Sun announced that a new stablecoin, USDD, was going to be launched on the TRON blockchain. XMR was another big mover today, climbing to its highest point since November. TRON (TRX) TRX surged today, as founder H.E. Justin Sun of TRON confirmed that […]

Biggest Movers: XMR Climbs to 6-Month High, TRX up 17% Following News of USDD Stablecoin

Tron will launch its own algorithmic stablecoin called USDD for its blockchain on May 5 and it will be managed by a DAO. The post Justin Sun to launch algorithmic stablecoin USDD on Tron, will use $10 billion of crypto as collateral appeared first on The Block.

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