Tron Buys $100,000,000 USDT Worth of BTC as TronDao Reserve

SNEAK PEEK

  • Justin Sun stated in his recent tweet that Tron DAO reserves transferred USDTbalance to buy additional BTC and TRX as a backup.
  • The Tron DAO has chosen this option in order to safeguard the Tron ecosystem.
  • According to the whale alert, all transactions are carried out on the Binance platform.

The TRON DAO Reserve was established by the TRON network with the goal of protecting the broader blockchain sector, preventing panic trading induced by financial crises, and mitigating severe economic downturns. TRON DAO Reserve maintains TRON-based mainstream stablecoins as well as Decentralized USD (USDD) on TRON as its early custodian and assures price stability through reserves.

TRON DAO Reserve  Aims for:

The TRON DAO Reserve sets a risk-free dividend and regulates the market through liquidity provision to keep the exchange values of centralized and decentralized stablecoins on TRON and other blockchains stable. It also plans to develop and implement monetary and exchange rate policies, as well as act as a lender of last resort.

To avoid systemic risks and maintain the financial market’s stability in the blockchain sector, the TRON DAO Reserve issues and preserves reserve assets from numerous blockchains or blockchain-powered financial institutions.

Tron’s USDD, which began as an algorithmic stablecoin, has since adjusted its operational mechanism to avoid a collapse similar to Terra’s UST.

TRON is now trading at $0.080470 USD, with a 24-hour volume of $832,347,198 USD. In the last 24 hours, TRON has lost 4.66 percent of its value. With a live market cap of $7,467,437,590 USD.

Tron’s USDD, which began as an algorithmic stablecoin, has since adjusted its operational mechanism to avoid a collapse similar to Terra’s UST.