Tron Reserve Replenishes $50 Million in Bitcoin
To support their USDD stablecoin, DAO Tron representatives purchased BTC and Tron (TRX) for $50 million.
The total reserve amounted to $700 million. This amount includes 15,836 BTC (14,040 of which were purchased earlier), as well as other cryptocurrencies. The main goal of the decentralized organization is to achieve overcollateral by holding 130% USD collateral.
Commenting on the purchase, experts point out that USDD, as well as the UST stablecoin from Terra that burst in May, are algorithmic coins. Therefore, even the presence of millions of reserves will not save the ecosystem of such a cryptocurrency from collapse.
As we wrote earlier, a bill has been prepared in the United States that makes such stablecoins illegal. Therefore, any investment must be done carefully.
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