TRON team to withdraw 2.5 billion TRX from Binance to bolster USDD stability
The decentralized autonomous organization TRON DAO Reserve said it would withdraw 2.5 billion TRX from Binance 'to safeguard the blockchain industry and the crypto market'.
TRON team to withdraw 2.5 billion TRX from Binance to bolster USDD stability
The decentralized autonomous organization TRON DAO Reserve said it would withdraw 2.5 billion TRX from Binance 'to safeguard the blockchain industry and the crypto market'.
Upbit warns of risks tied to algorithmic stablecoins USDN and USDD
The South Korean exchange Upbit warned of price volatility risks for WAVES and TRON (TRX) due to the loss of the dollar peg by the algorithmic stablecoins Neutrino USD (USDN) and USDD.
Analysts unsettled by activity around the stablecoin USDD
The hedge fund Oapital, which profited from the collapse of UST from Terra, began making large transfers into USDD and other stablecoins. This drew the attention of analysts at Nansen.
Algorithmic stablecoin USDD briefly lost its peg to the US dollar
On Monday, June 13, the algorithmic stablecoin USDD from Tron briefly lost its peg to the US dollar and fell to $0.97.
Tether launches USDT on Tezos network
Tether has launched the USDT stablecoin on the Tezos blockchain platform. This is already the twelfth network on which the asset is available, ForkLog representatives said.
Ukraine: Real estate can be bought with stablecoins
The DIM Group was the first among Ukrainian developers to allow clients to purchase property with stablecoins.
TRON refines USDD into an overcollateralised stablecoin
The TRON team intends to support the {{AOPEN_1}}overcollateralisation{{ACLOSE_1}} of the algorithmic stablecoin USDD to avoid a crash like TerraUSD. The project's founder, Justin Sun, told Bloomberg.
Japan passes law recognising stablecoins as digital money
Japan's parliament passed a bill recognising stablecoins as digital money. Bloomberg reports.
Justin Sun explains TRON’s USDD collateral model
The TRON team has learned lessons from {{AOPEN_1}}the Terra ecosystem collapse{{ACLOSE_1}}, so the algorithmic stablecoin USDD will not repeat the fate of its predecessor.
UK proposes measures to guard against a stablecoin crash
Her Majesty's Treasury has published for public consultation a document introducing additional safeguards against the collapse of stablecoins.We use cookies to improve the quality of our service.
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