By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
  • Home
  • News
    • Cryptopedia
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • Altcoin News
    • Latest Metaverse & NFT News
      • Metaverse & NFT Games
      • Virtual Land
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Search
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit Press Release
  • Submit NFT Project
© 2022 NFTStudio24.com News Network. All Rights Reserved.
Reading: TRON DAO Launches USDD Jointly with Blockchain Leaders
Share
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Search
  • Home
  • News
    • Cryptopedia
    • Latest Metaverse & NFT News
    • Exchanges News
    • Policy & Regulation
    • Web Stories
  • Press Release
    • Sponsored Article
    • Submit Press Release
  • Interviews
    • Opinion
  • Expert Alliance
    • About Expert Alliance
    • Expert Alliance Benefits
    • Experts List
    • Apply for Expert Alliance
  • Guide
    • NFT Review
    • Game Review
    • Submit NFT Project
  • Videos
  • Events
Have an existing account? Sign In
Follow US
  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
  • Global
  • Japan
  • South Asia
  • Partners
  • Community
HOME > PRESS RELEASE > TRON DAO Launches USDD Jointly with Blockchain Leaders
PRESS RELEASE

TRON DAO Launches USDD Jointly with Blockchain Leaders

PR.Dept
Posted PR.Dept May 6, 2022 692 Views 5 Min Read
Updated 2022/05/07 at 11:20 AM
TRON DAO, DAOTRON, TRON Coin, TRON Price, TRON news, TRON news update, blockchain, crypto, crpto news
SHARE

Geneva, Switzerland / May 5 / – H.E. Justin Sun, Founder of TRON, has announced the launch of USDD through the TRON DAO Reserve on Thursday, May 5. SunSwap, Uniswap, PancakeSwap and Ellipsis, are among the first to have listed USDD. The initial total supply will be 66,560,006.61 on TRON, 3,100,000 on Ethereum, and 13,100,000.1 on BNB Chain through the cross-chain protocol BitTorrent Chain (BTTC).

Contents
About TRON DAOMedia Contact

USDD is circulating as a decentralized TRC token on the TRON blockchain. The issuance and administration of reserves are overseen by the TRON DAO Reserve transparently. USDD is algorithmically pegged to the U.S. dollar to achieve the overarching goal of financial freedom for everyone. As a TRC-20 standard token, USDD can trade without brokers; it depends solely on the TRON network.

TRON DAO, DAOTRON, TRON Coin, TRON Price, TRON news, TRON news update, blockchain, crypto, crpto news

USDD’s freedom from the influence of any individual or organization allows it to serve its purpose as a stablecoin with greater ease. Moreover, as a fast, low-fee crypto asset with an ample supply and competence in cross-border transactions, USDD brings its holders the benefits of blockchain technology without the risks of uncertainty.

USDD was created to develop a modern decentralized financial system on the blockchain. The TRON DAO Reserve strives to safeguard the global blockchain industry and crypto market, prevent panic trading caused by extreme market volatility, and mitigate severe and long-term economic downturns. It ensures USDD’s price stability and decentralization by collateralizing the USDD issuance with its reserves, acting as USDD’s early custodian and managing its permissions.

By benchmarking interest rates and guiding the market through liquidity provision, the TRON DAO Reserve aims to stabilize the exchange rates of centralized and decentralized stablecoins on TRON and other blockchains. It intends to formulate and implement monetary and exchange rate policies, play the role of a lender of last resort to market participants, and maintain reserve assets of various blockchains and blockchain-powered financial institutions in order to minimize systemic risks and contribute to the stability of the overall market.

Sun issued two open letters last month regarding the plan for launching USDD and establishing the TRON DAO Reserve to serve as its early custodian.

TRON has witnessed over 90 million on-chain users and more than 3 billion transactions after four years of growth in its ecosystem. Currently, the circulating supply of TRC-20 USDT has exceeded that of ERC-20 USDT, making TRON one of the world’s largest stablecoin networks, boasting over $55 billion worth of financial assets, including on-chain stablecoins, and has settled and cleared $4 trillion worth of transactions.

In December 2021, the TRON network became fully decentralized and restructured into the TRON DAO community, likely the world’s largest decentralized autonomous organization (DAO) according to Forbes.

The USDD website is now live, and historical token issuance records are published here. The contract addresses on TRON, Ethereum, and BNB Chain are live as of this publication.

About TRON DAO

TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network continues to deliver impressive achievements since the MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users.

The TRON network has gained incredible traction in recent years. As of April 2022, it has over 90 million total user accounts on the blockchain, more than 3.1 billion total transactions, and over $8 billion in total value locked (TVL). In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021.

The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the algorithmic stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

  • Website: https://tron.network/
  • Telegram: https://t.me/tronnetworkEN
  • Medium: https://trondao.medium.com/
  • Twitter: https://twitter.com/TRONDAO
  • YouTube: https://www.youtube.com/c/TRONDAOofficial/featured
  • Reddit: https://www.reddit.com/r/Tronix/
  • GitHub: https://github.com/tronprotocol
  • Forum: https://forum.trondao.org/

Media Contact

Anjali George
[email protected]

Nftstudio24, nft

Sign Up For Daily NFT Drops

Don't miss the next NFT drops!!!
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Biggest crypto gainers, crypto gainers, cryptocurrency, crypto, trading, Kava, Curve DAO Token (CRV), CRV, ApeCoin (APE), APE. Bxmi Token (BXMI), BXMI Biggest crypto gainers of April 2022
Next Article TRON DAO, DAOTRON, TRON Coin, TRON Price, TRON news, TRON news update, blockchain, crypto, crpto news TRON DAO Reserve Appoints Alameda Research
Leave a comment

Leave a Reply

You must be logged in to post a comment.

Don’t miss the NFT Drops! Sign up Now

I have read and agree to the terms & conditions

Latest News

Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
Oasys and SBI VC Trade team up to bring new wallet solution for blockchain gaming in Japan
BLOCKCHAIN NEWS EXCHANGES News WEB3 March 25, 2023
DeFi protocol DefiLlama has resolved its internal conflicts 1
DeFi protocol DefiLlama has resolved its internal conflicts
CRYPTOPEDIA News WEB3 March 21, 2023
Crypto Fear and Greed Index has reached its highest level
Crypto Fear and Greed Index has reached its highest level
BITCOIN NEWS News March 21, 2023
Join us
Ad imageAd image

You Might also Like

Canadas Largest Web3 Event
EVENTSPRESS RELEASE

Second Annual ETHToronto and First Ever ETHWomen Hackathon to take place at Blockchain Futurist Conference, 

March 14, 2023
Financli The Future of Financial Projection with AI
PRESS RELEASE

Financli: The Future of Financial Projection with AI

March 11, 2023
Oak USA based Financial Consulting Firm Specializing in Blockchain and Web3 Consulting 1
PRESS RELEASEWEB3

Oak USA-based Financial Consulting Firm Specializing in Blockchain and Web3 Consulting

March 11, 2023
DAO TOKYO conference takes the lead in fostering the growth of DAOs in Asia
EVENTSPRESS RELEASE

DAO TOKYO conference takes the lead in fostering the growth of DAOs in Asia

March 10, 2023
//

NFTStudio24 delivers the latest NFT news to its global audience. We are committed to reporting mainstream and emerging talent via exclusive press releases, podcast interviews, NFT rankings, and much more.

GET IN TOUCH

  • About us
  • Advertise with us
  • Media Kit
  • 365 Media Plan
  • Submit NFT Project
  • Careers
  • Contact us
  • Privacy Policy

Experts Alliance

  • Experts Alliance
  • About Alliance
  • Alliance Benefits
  • Membership requirements
  • Apply Alliance
//

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Web3,Blockchain & Metaverse Education Media PlatformWeb3,Blockchain & Metaverse Education Media Platform
Follow US

© 2022 NFTStudio24.com News Network. All Rights Reserved.

Removed from reading list

Undo
Join us metaverse Join us metaverse
Welcome Back!

Sign in to your account

Register Lost your password?