According to BlockBeats, on August 23, TRON founder Justin Sun announced that the TRON DAO Reserve has withdrawn nearly $750 million worth of Bitcoin from the USDD stablecoin reserves. USDD, an algorithmic stablecoin launched by TRON in 2022, is now primarily collateralized by TRON's native token, TRX. Sun stated that this move aims to improve the 'capital efficiency' of USDD, which previously had a collateralization rate exceeding 300% for an extended period.

Currently, the circulating value of USDD tokens is approximately $744 million, making it the seventh-largest stablecoin. Its reserves include $1.7 billion worth of TRX and USDT tokens, with a collateralization rate exceeding 230%. This indicates that the supporting assets are more than double the circulating stablecoins. A report by Bluechip highlighted that almost all USDD reserves are held in multi-signature wallets rather than USDD smart contracts.