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Ethereum World News
2022-06-11 17:05:04

Tron DAO Buys $50M Worth of Bitcoin and TRX to add to USDD Reserves

Tron DAO Buys $50M Worth of Bitcoin and TRX to add to USDD Reserves

Key takeaways: Tron DAO Reserve has announced that it has purchased Bitcoin and TRX worth $50 million to add to USDD’s reserves. USDD is currently overcollateralized to the tune of 197%. The stablecoin of USDD is now backed by 14,040.6 Bitcoin, 140 million USDT, and 1.906 billion in TRX. The purchase of Bitcoin and TRX comes when BTC retests the $28k support level. Tron DAO reserve, the organization behind the management of USDD’s reserves, has just announced that it has […]

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