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Tag: Tron
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 purchased $50 million worth of Bitcoin (BTC) and Tron (TRX).…
THE REASON WHY BITCOIN IS DROPPING NOW [These Guys Just Got Rekt..]
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Tron Becomes Third-Largest Defi Blockchain Following the Launch of $USDD, Its Algorithmic Stablecoin
The Tron blockchain saw a sharp rise following the public release of $USDD, the project’s new algorithmic stablecoin. Tron boasts a massive +41.68% increase this month, with a +13.30% rise over the past week. This massive increase has seen Tron become the third-largest blockchain in terms of total value locked (TVL). Only two other chains lead Tron in terms of TVL, the popular Binance’s BNB Chain and Ethereum. BNB Chain has about $8.8 billion in TVL at a 7.95% share, with Ethereum having $71.22 billion at a 64.27% dominance by…
Tron Accelerates To 3rd Spot As Biggest Blockchain In Terms Of TVL
Tron takes off by 44% and ranks as the third-largest blockchain based on TVL. Tron, Tronix, or TRX is designed to beat Bitcoin and Ethereum on their tracks with faster, cheaper, and smarter transactions. Tron doesn’t have a maximum supply, unlike Bitcoin, which means it has eliminated the scarcity element, making it eclipse the “king of crypto.” Despite its downturn in 2021, many investors have remained bullish on Tron. TRX’s current TVL is now at $5.9 billion, a figure it reached in just a month. The only two blockchains ahead…
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism – Defi Bitcoin News
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, the network’s stablecoin USDD has been confronted by skeptics over the similarities USDD holds with Terra’s UST. Tron Takes the Third-Largest Position in Terms of Total Value Locked in Decentralized Finance Protocols On May 30,…
Why TRON Has Seen a 45% Hike in Total Value Locked (TVL)
According to Wu Blockchain, the TRON network has seen a hike in its total value locked (TVL) over the past 30-days. This increase seems to be related to the launch of this network’s native algorithmic stablecoin USDD. Related Reading | Tether CTO Says, USDT-Dollar Remains Strong Amid Stablecoin Crises As reported by NewsBTC a month ago, TRON’s founder Justin Sun announced the deployment of USDD for May 5, 2022. This digital asset operates similarly to LUNA CLASSIC network’s Anchor Protocol. USDD allows users to earn a 30% annual percentage yield (APY)…
Cryptocurrency Introducing | Bitcoin investment | Crypto Trading
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency Introducing | Bitcoin investment | Crypto Trading Bitcoin Trading || Today Crypto Market Mood || Crypto currency, Bitcoin, Stellar, Tron, Ripple, Ether, Litecoin, USDT, SUBSCRIBE || LIKE || SHARE || COMMENT Crypto currency is a digital payment system that doesn’t rely on banks to verify transactions. … When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. You store your cryptocurrency in a digital wallet. #Market_Mood_Vlogs Crypto currency, Bitcoin, Stellar, Tron, Ripple, Ether, Litecoin, USDT, 1INCH Market analysis, Bazar News,…