The team of TronDAO has totaled more than $1.15 billion in USDC in the last two days, this is to ensure that USDD continues to maintain parity with the U.S. dollar.
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- TronDAO acquires another $500 million in USDC para sus reservas.
- Yesterday it acquired USD $650 million in USDC.
- The measures aim to USDD maintain parity with the U.S. dollar.
- USDD is priced at about USD $0.98 per unit.
TronDAO, the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. organization responsible for providing support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. to the stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. USDD of the ecosystem of TRON, announced the purchase of another $500 million in tokens. USDC to add to their reserves and support the project.
TronDAO injects another $500 million USD into USDC to your reservations
This was revealed by the team of TronDAO through a message published in his official account an account is essentially a whose purpose is to track the financial activities of a specific asset/ of Twitter, where they commented as follows:
“For the current extreme market an area or arena, online or offline, in which commercial dealings are conducted. conditions, @trondaoreserve has received another 500m USDC to defend the #USDD peg. Now the collateralization collateralization is the process of using one asset as insurance for securing a loan in a different asset. rate for USDD is 310%”.
For the current market extreme condition, @trondaoreserve has received another 500 million USDC to defend #USDD peg. Now USDD collateralization rate is 310%.https://t.co/3ZdRvCB0rD pic.twitter.com/z0PXqPXKhu
– TRON DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. Reserve (@trondaoreserve) June 14, 2022
This $500 million in USDC are in addition to the USD $650 million also in USDC that the team of TronDAO injected into its reserves yesterday. As a result, the decentralized organization now has more than USD $2.5 billion in crypto reserves to protect the value of USDD and ensure that the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. maintains its parity with the U.S. dollar.
The slip of USDD
Both this investment and the measures announced yesterday came after the flagship stablecoin of the TRON, USDD, to lose its parity with the dollar and to trade as low as USD $0.91 in exchanges such as KuCoin.
Let’s keep in mind that yesterday the founder of TRON, Justin Sun, and the team at TronDAO announced some plans to come to the rescue of USDD in the context of the decline it registered at a certain point. In addition to the previously announced capital capital is most commonly defined as the large sum of money you would use to invest. injections, the project’s managers stressed that they would take any necessary measures to prevent the stablecoin from being affected by the generalized fall that made its weight felt on the market.
However, the onslaught of the crypto market in these troubled times still shocks USDD, which according to data published by CoinMarketCap and our section CryptoMarkets se cotiza en unos USD $0,98 por unidad, aunque llegó a mínimos cercanos a los USD $0,976 cerca de las 5:00am (hora Nueva York) de este 14 de junio.
Tengamos presente que en estos momentos hay especial tensión sobre los proyectos de stablecoins algorítmicas, por lo que USDD is in the crosshairs of many critics and analysts after what happened with the UST de Earth, currency whose collapse led to the collapse of its own ecosystem. Blockchain, generando grandes perdidas entre sus propietarios y arrastrando en un efecto dominó a buena parte de las principales criptomonedas del mercado.
- Justin Sun and TronDAO announcements have an effect and USDD price heads back to USD $1
- Peter Schiff warns that Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. will plummet further and recommends not to buy in this downturn
- A Terraform Labs-owned wallet a place where cryptocurrency users can store, send and receive digital assets. was behind UST’s collapse, new report says
- Cryptowinter is temporary, says Polygon founder, but Dogecoin creator thinks it could last 4 years
Source:TheBlockCrypto, Twitter
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash
