Tron
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USDD is a decentralized algorithmic stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. USDD is pegged to the US Dollar (USD) through TRX and maintains its price stability algorithmically under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial freedom for everyone. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future.
In light of the recent market events, the TRON DAO Reserve has increased its reserves and diversified its assets to include $82,341,872 worth of BTC, $181,643,872 worth of TRX, $295,200,000 worth of USDT, among others. There has also been a tremendous increase in TRC-20 UDSC issuance over the past week, pushing the total supply to over $2 billion, making TRON the third-largest blockchain to host USDC.
The newly admitted Reserve Members, along with the first Member Alameda Research, are approved collaborators granted with the right to mint and burn USDD. As Members and Whitelisted Institutions, they serve as advisors and make recommendations to improve, enhance and provide general support to the USDD network. They prepare for, attend, and fully...
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