TRON Deploys Another $20M “to Safeguard the Crypto Market”The TRON DAO Reserve took to Twitter to post a new update Friday, saying it had bought $10 million worth of USDD and added $10 million worth of TRX to its reserves “to safeguard the overall blockchain industry and crypto market.” Justin Sun, the blockchain’s founder and de facto leader, also confirmed the update in a tweet seconds later. USDD is TRON’s attempt at an algorithmic stablecoin. It takes inspiration from Terra’s UST, which suffered a dramatic collapse that caused an industry-wide wipeout when it lost its peg to the dollar in May. In theory, USDD shouldn’t suffer the same fate because it is collateralized by the TRON DAO Reserve.
Source
https://t.me/Terra_Luna_Tron
