Geneva, Switzerland--(Newsfile Corp. - May 6, 2022) - The TRON DAO Reserve has announced Alameda Research as the first Member and Whitelisted Institution to mint Decentralized USD (USDD), a fully decentralized stablecoin underpinned by mathematics and algorithms. The TRON DAO Reserve aims to support the global blockchain industry and crypto market and mitigate long-term economic downturns.
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Alameda Research is a leading principal trading firm. They use internally developed technology and the team's deep crypto expertise to trade thousands of digital asset products, including all major coins and altcoins and their derivatives. They have relentlessly built a globally focused team and infrastructure with the ability to trade on all major exchanges and markets since 2017.
The TRON DAO Reserve intends to formulate and implement monetary and exchange rate policies, play the role of a lender of last resort to market participants, and maintain reserve assets of various blockchains and blockchain-powered financial institutions. The Reserve aims to stabilize the exchange rates of centralized and decentralized stablecoins on TRON and other blockchains by benchmarking interest rates and guiding the market through liquidity provision. It also manages the permissions of USDD as its early custodian.
"We are excited to announce Alameda Research as the...
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