• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Sunday, August 14, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

Tron DAO Reserve Buys $50M BTC, TRX

June 13, 2022
in Blockchain
Reading Time: 2 mins read
A A
ShareShareShareShareShare

Tron DAO Reserve announced through Twitter that it bought $50 million worth of Bitcoin and Tron (TRX) to “safeguard the overall blockchain industry and crypto market.”

Related articles

Tornado Cash Developer Arrested by Dutch Authorities

August 14, 2022

Coinbase Falls Short in the S&P Global Ratings as Crypto Winter Stiffens

August 14, 2022

Tron DAO Reserve manages algorithmic stablecoin USDD, which went live on the blockchain on May 5. Earlier in June, Tron announced that it would significantly increase the amount of capital backing USDD after witnessing the collapse of Terra’s algorithmic stablecoin in May, according to The Block.

The Block reported that Tron DAO Reserve has created a reserve comprising cryptocurrencies and other stablecoins amassing to overcollateralise USDD.

The reserve has been guaranteed to be maintained at a minimum of 130% of the total amount of USDD in issuance.

Tron has already begun publishing real-time updates on the collateral ratio on the Tron DAO Reserve website since June 5. The ratio on June 12 was almost 193%.

Since its launch, the USDD decentralised stablecoin was pegged to the US dollar at a ratio of 1:1 through the Tron DAO Reserve in cooperation with top blockchain institutions.

The USDD protocol runs on the TRON network with an initial total supply of 100 million. It has been launched on decentralised exchanges such as Sunswap, Sun.io, Curve, Uniswap, Ellipsis, Pancakeswap, and Kyberswap.

In addition, USDD connects the two blockchains of Ethereum and BNBChain through the BTTC cross-chain protocol and will be integrated into more blockchains in the future. At present, the circulating supply of USDD in these two blockchains is close to 20 million.

Image source: Shutterstock

Credit: Source link

ShareTweetSendPinShare
Previous Post

Crypto lender Celsius pauses withdrawals; bitcoin slides

Next Post

Nexo AG Says Interested in Acquiring Celcius Network’s Remaining Qualifying Assets

Related Posts

Tornado Cash Developer Arrested by Dutch Authorities

August 14, 2022

The Dutch Fiscal Information and Investigation Service (FIOD) has arrested a suspect in connections to money laundering crimes on the...

Coinbase Falls Short in the S&P Global Ratings as Crypto Winter Stiffens

August 14, 2022

Financial analytics firm S&P Global Ratings has disclosed that Coinbase has been ranked lower for the reduction in its overall...

KuCoin Labs Rolls Out Incubation Program with Univers Network to Boost Web3 Exploration

August 13, 2022

KuCoin Labs, the incubation and investment arm of crypto exchange KuCoin, has launched an incubation program with Univers Network to...

Russia’s Central Bank Plans to Launch its CBDC-Digital Ruble across all Banks in 2024

August 13, 2022

The Bank of Russia launched a digital ruble experiment in 2022 to explore business models and innovative use cases for...

CFTC Sues Ohio Resident Rathnakishore Giri Fraudster Involving in a $12M Ponzi Scheme

August 13, 2022

The U.S. Commodity Futures Trading Commission (CFTC) has charged Ohio resident cryptocurrency scammer Rathnakishore Giri and his company with illegally...

Load More
Next Post

Nexo AG Says Interested in Acquiring Celcius Network's Remaining Qualifying Assets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Bangko Sentral Halts Virtual Asset Service Provider Applications – Bitcoin Magazine

August 11, 2022

Plans to refund Terra Investors

August 10, 2022

Uniglo (GLO), Fantom (FTM) And Polygon (MATIC…

August 8, 2022

U.S. SEC proposes boosting private fund disclosures on leverage, crypto

August 10, 2022

3 Cryptos To Buy During The Dip Season: Dogeliens, Cardano, And Synthetix

August 9, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • New Yorkers Affected By The Cryptocurrency Crash Requested to Contact Attorney General’s Office ⋆ ZyCrypto
  • Quant Explains How Bitcoin NUPL Cycles Are Getting Less Volatile With Time
  • How leveraging blockchain data can be a revolutionary act

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$24,308.00-0.42%
  • ethereumEthereum(ETH)$1,936.04-2.19%
  • tetherTether(USDT)$1.00-0.09%
  • usd-coinUSD Coin(USDC)$1.00-0.09%
  • binancecoinBNB(BNB)$317.36-1.92%
  • cardanoCardano(ADA)$0.572.28%
  • rippleXRP(XRP)$0.377916-0.17%
  • Binance USDBinance USD(BUSD)$1.000.06%
  • SolanaSolana(SOL)$45.05-2.98%
  • dogecoinDogecoin(DOGE)$0.08208512.43%
  • polkadotPolkadot(DOT)$8.96-3.36%
  • Shiba InuShiba Inu(SHIB)$0.00001735.12%
  • Lido Staked EtherLido Staked Ether(STETH)$1,887.28-2.24%
  • AvalancheAvalanche(AVAX)$28.24-2.95%
  • matic-networkPolygon(MATIC)$1.00-1.81%
  • daiDai(DAI)$1.000.06%
  • tronTRON(TRX)$0.0704010.61%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$24,296.00-0.42%
  • ethereum-classicEthereum Classic(ETC)$41.78-4.52%
  • OKBOKB(OKB)$21.59-1.44%
  • leo-tokenLEO Token(LEO)$5.094.14%
  • litecoinLitecoin(LTC)$63.21-0.79%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.61-4.29%
  • FTXFTX(FTT)$30.84-1.49%
  • chainlinkChainlink(LINK)$8.77-3.72%
  • UniswapUniswap(UNI)$8.87-1.18%
  • CronosCronos(CRO)$0.153138-0.91%
  • cosmosCosmos Hub(ATOM)$11.62-2.25%
  • stellarStellar(XLM)$0.125797-0.84%
  • moneroMonero(XMR)$165.20-0.29%
  • FlowFlow(FLOW)$2.86-3.06%
  • bitcoin-cashBitcoin Cash(BCH)$139.80-3.05%
  • algorandAlgorand(ALGO)$0.366238-0.83%
  • vechainVeChain(VET)$0.032402-1.65%
  • filecoinFilecoin(FIL)$8.22-1.27%
  • Internet ComputerInternet Computer(ICP)$7.99-2.34%
  • ApeCoinApeCoin(APE)$6.37-3.82%
  • decentralandDecentraland(MANA)$1.081.39%
  • ChainChain(XCN)$0.085773-1.63%
  • The SandboxThe Sandbox(SAND)$1.351.56%
  • HederaHedera(HBAR)$0.079394-2.67%
  • Axie InfinityAxie Infinity(AXS)$18.73-3.57%
  • tezosTezos(XTZ)$1.82-4.55%
  • Celsius NetworkCelsius Network(CEL)$3.80-0.24%
  • QuantQuant(QNT)$117.27-7.29%
  • theta-tokenTheta Network(THETA)$1.53-3.58%
  • AaveAave(AAVE)$107.61-2.42%
  • Lido DAOLido DAO(LDO)$2.68-8.23%
  • ElrondElrond(EGLD)$62.84-2.98%
  • FraxFrax(FRAX)$1.000.74%