Crypto News in 60 Seconds
June 16, 2022
TronDAO will start a 3 billion dollar withdrawal to protect TRX’s value. TronDAO has declared that it will remove 3 billion TRX from a CeFi and DeFi lending platform. It did not, however, disclose the systems through which these withdrawals will be made. The foundation described the decision as an effort “to defend the overall […]
June 15, 2022
Tron’s USDD has been trading below $1 for the past 24 hours, with the token hitting a low of $0.95 per unit. USDD, Tron’s stablecoin, has been trading below $1 for more than 24 hours, with a low of $0.958 per unit around 3:00 a.m. (ET). The Tron DAO Reserve has deployed more Tron […]
June 13, 2022
As USDD, Tron’s stablecoin drops below $0.97, USDC is used to protect the $1 parity. Many people have been paying close attention to the Tron-based algorithmic stablecoin USDD since the aftermath of Terra UST and the recent volatility in the cryptocurrency market. On June 13, the cryptocurrency Tron (TRX) had a sharp decline in […]
May 30, 2022
Tron Now Has the Third-Largest TVL in Defi — USDD, the Network’s Stablecoin, Faces Skepticism Tron has surpassed Ethereum as the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols this week. Interestingly, the defi protocol Justlend, which is comparable to Anchor Protocol in that it offers more than […]
