Exploring TRON DAO Reserve’s USDD Stablecoin Collateral Shift 🔄
Discover the recent removal of 12,000 Bitcoin, valued at approximately $726 million, from the USDD stablecoin, issued by the TRON DAO Reserve.
Sun Down Plays the Collateral Removal 🌅
Justin Sun addresses concerns and clarifies the decision to transition USDD’s collateral from Bitcoin to TRX, stating that any collateral holder can freely withdraw funds without approval.
- Sun highlights that USDD aims to enhance its competitiveness within the DeFi market with future upgrades.
- Despite these changes, USDD remains pegged to the U.S. dollar with a market cap of around $744 million.
Tron’s SunPump Outperforms Solana’s Pump.fun 🚀
Tron’s meme coin launchpad, SunPump, steals the spotlight from Pump.fun, capturing the attention of degen traders.
- SunPump gains momentum, with tokens like Sundog (SUNDOG) reaching a market cap of $190 million, surpassing Pump.fun’s top token, Michi (MICHI), at $61 million.
- Tron Foundation and Sun are in legal disputes in the US, following allegations of engaging in the unregistered offer and sale of securities.
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