Tron DAO Buys $39M Worth of TRX as Reserves for its USDD Stablecoin Whose Circulating Supply Has Exceeded $200M. Quick take:.
08 May 2022, 08:00
Tron DAO Buys $39M Worth of TRX as Reserves for its USDD Stablecoin Whose Circulating Supply Has Exceeded $200M
Quick take:
Tron DAO has purchased 504,600,250 TRX at $38.993 million as part of its reserves for the USDD stablecoinThe circulating supply of the USDD stablecoin has doubled in less than 48 hours to exceed $200 millionThe USDD stablecoin has thus far secured three partnerships: Alameda Research, Amber Group, and PoloniexTRX’s value continues to benefit from the activities surrounding the USDD stablecoinThe team at Tron DAO has announced the purchase of 504,600,250 TRX, at an average price of $0.07727, as part of its reserves for the USDD stablecoin. This amount, worth $38.993 million, follows the blueprint set by Justin Sun to back the USDD stablecoin with $10 billion worth of digital assets.
.@trondaoreserve has done its job!