USDD
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The USDD Upgrade is Justin Sun's "Top Priority" for Tron in Q4
The strategy for the last three months of the year was laid out by Justin Sun of Tron.
An independent stablecoin will get an update from the network.
With TRX backing the stablecoin, Bitcoin will follow "at the right time."
Today, Tron's creator Justin Sun said that, as a "top priority" for the network, they would be upgrading the USDD stablecoin during the fourth quarter of 2018.
Tron, an EVM-compatible Layer-1 blockchain, was founded in 2017, and according to DefiLlama, its total value locked (TVL) is $7.14 billion. In Q3, Tron's revenue hit a record high of $151.2 million, according to Messari's report from October 17th. This is a 29% increase from QoQ.
Quarterly Focus on Tron
On October 27, Justin Sun said in an X post that Tron's intention to upgrade USDD in the fourth quarter would make the token the "definitive" decentralized stablecoin in the cryptocurrency market. Sun cited TRX's market capitalization of $16 billion and liquidity depth of over $200 million as supporting this claim.
A stablecoin with a market cap of $3 billion would be well-supported by Tron's intrinsic value, which I anticipate will surpass $30 billion. Additionally, TRX may reliably earn on-chain profits with a yearly yield of above 10% when used as collateral. Sun penned the piece.
In addition to Ethereum's reliability in "some areas," Sun claims that Tron's history of stability—the token shown no 5% daily pullbacks for more than a year—makes it a more trustworthy option as collateral for a decentralized stablecoin.
The cryptocurrency tycoon said that by making reward accounts publicly viewable and disclosing release details, USDD issuance will highlight the crypto industry's greatest standards of openness.
According to Sun, Tron is planning to use Bitcoin—the most valuable cryptocurrency by market cap—as collateral for USDD "at the right time," with USDT acting as the stablecoin's primary PSM direct exchange route.
#Tron #USDD @Justin Sun孙宇晨 $TRX
The strategy for the last three months of the year was laid out by Justin Sun of Tron.
An independent stablecoin will get an update from the network.
With TRX backing the stablecoin, Bitcoin will follow "at the right time."
Today, Tron's creator Justin Sun said that, as a "top priority" for the network, they would be upgrading the USDD stablecoin during the fourth quarter of 2018.
Tron, an EVM-compatible Layer-1 blockchain, was founded in 2017, and according to DefiLlama, its total value locked (TVL) is $7.14 billion. In Q3, Tron's revenue hit a record high of $151.2 million, according to Messari's report from October 17th. This is a 29% increase from QoQ.
Quarterly Focus on Tron
On October 27, Justin Sun said in an X post that Tron's intention to upgrade USDD in the fourth quarter would make the token the "definitive" decentralized stablecoin in the cryptocurrency market. Sun cited TRX's market capitalization of $16 billion and liquidity depth of over $200 million as supporting this claim.
A stablecoin with a market cap of $3 billion would be well-supported by Tron's intrinsic value, which I anticipate will surpass $30 billion. Additionally, TRX may reliably earn on-chain profits with a yearly yield of above 10% when used as collateral. Sun penned the piece.
In addition to Ethereum's reliability in "some areas," Sun claims that Tron's history of stability—the token shown no 5% daily pullbacks for more than a year—makes it a more trustworthy option as collateral for a decentralized stablecoin.
The cryptocurrency tycoon said that by making reward accounts publicly viewable and disclosing release details, USDD issuance will highlight the crypto industry's greatest standards of openness.
According to Sun, Tron is planning to use Bitcoin—the most valuable cryptocurrency by market cap—as collateral for USDD "at the right time," with USDT acting as the stablecoin's primary PSM direct exchange route.
#Tron #USDD @Justin Sun孙宇晨 $TRX
Poloniex Hot Wallets Hacked With $114M Seemingly Stolen: On-Chain Data
Poloniex exchange is suspected of being stolen, with potential losses exceeding $60 million and later confirmed to $100 million!The hacker transferred large assets, including #USDT , #BTC , #USDD , and #USDC , totaling over $42.83 million, with only $6.54 million currently frozen.Poloniex maintains a healthy financial position and plans to fully reimburse affected funds while also exploring collaboration with other exchanges for recovery efforts. The total losses for Poloniex (Ethereum+Tron) exceed $100 million.Justin Sun’s Poloniex exchange was suspected of being hacked. The exchange wallet was disabled for maintenance, and it has been revealed that assets worth over $100 million were stolen. The hackers managed to transfer large amounts of USDT, BTC, USDD, and USDC to other addresses before the wallet was disabled.Justine Sun Assures Investors of SafetyJustine Sun took his X (twitter) handle to confirm that the hack did occur but assures its investors that the platform maintains a healthy financial position. The exchange platform is committed to fully reimbursing all affected funds, and it is currently exploring opportunities for collaboration with other exchanges to facilitate the recovery of the stolen funds.Poloniex hack incident is a wake-up call to all cryptocurrency exchanges. Investors and traders must be vigilant in selecting their preferred exchange to minimize risks. Despite the hack, Poloniex is committed to fully compensating its affected investors, and the exchange platform’s future remains bright.#BTC #etf 5% Bounty to Hackers to Return FundsPoloniex has offered a 5% “white hat” bounty to the hacker responsible for the recent attack on its platform. The exchange has requested that the funds be returned to a number of wallets for ETH, TRX, and BTC. Poloniex has given a seven-day period for the hacker to consider the offer before involving law enforcement. The move is aimed at recovering some of the stolen funds and marks a growing trend among crypto companies toward incentivizing hackers to return stolen assets.
Overview of the Current Market on #JustLendDAO
Supply Market📥
🥇#BTC $2.47 Billion
🥈#USDT $225.63 Million
🥉#USDD $205.19 Million
Borrow Market📤
🥇#USDT $59.05 Million
🥈#USDC $25.91 Million
🥉#USDD $11.74 Million
#Binance #NationalBlockchain
Supply Market📥
🥇#BTC $2.47 Billion
🥈#USDT $225.63 Million
🥉#USDD $205.19 Million
Borrow Market📤
🥇#USDT $59.05 Million
🥈#USDC $25.91 Million
🥉#USDD $11.74 Million
#Binance #NationalBlockchain
@Hani crypto Follow #PI COIN,#PI COIN#USDD
Consulting a financial advisor about your particular circumstances is best. According to Binance, the live price of Pi is $30.25 per (PI / USD). According to Crypto.com, Pi's price today is US$30.36, with a 24-hour trading volume of $282,394. According to Binance, the Pi Network app is safe to use. However, there is no guarantee that the Pi Network coin will be worth anything in the future. The project is still in its early stages, and it is possible that it will never be successful. According to Techopedia, the Pi Network team has officially declared their plans to initiate the Open Mainnet phase in 2024, and is expected between March and June.
Follow Consulting a financial advisor about your particular circumstances is best. According to Binance, the live price of Pi is $30.25 per (PI / USD). According to Crypto.com, Pi's price today is US$30.36, with a 24-hour trading volume of $282,394. According to Binance, the Pi Network app is safe to use. However, there is no guarantee that the Pi Network coin will be worth anything in the future. The project is still in its early stages, and it is possible that it will never be successful. According to Techopedia, the Pi Network team has officially declared their plans to initiate the Open Mainnet phase in 2024, and is expected between March and June. #USDCTreasury
Consulting a financial advisor about your particular circumstances is best. According to Binance, the live price of Pi is $30.25 per (PI / USD). According to Crypto.com, Pi's price today is US$30.36, with a 24-hour trading volume of $282,394. According to Binance, the Pi Network app is safe to use. However, there is no guarantee that the Pi Network coin will be worth anything in the future. The project is still in its early stages, and it is possible that it will never be successful. According to Techopedia, the Pi Network team has officially declared their plans to initiate the Open Mainnet phase in 2024, and is expected between March and June.
Follow Consulting a financial advisor about your particular circumstances is best. According to Binance, the live price of Pi is $30.25 per (PI / USD). According to Crypto.com, Pi's price today is US$30.36, with a 24-hour trading volume of $282,394. According to Binance, the Pi Network app is safe to use. However, there is no guarantee that the Pi Network coin will be worth anything in the future. The project is still in its early stages, and it is possible that it will never be successful. According to Techopedia, the Pi Network team has officially declared their plans to initiate the Open Mainnet phase in 2024, and is expected between March and June. #USDCTreasury
TOP #STABLECOINS BY MARKET CAPITALIZATION
TOTAL #STABLE MARKET CAP - $161.00B
STABLE DOMINANCE - 7.50%
USDT DOMINANCE - 69.76%
$USDT $USDC #DAI #USDe $FDUSD #USDD $FRAX $TUSD $PYUSD
TOTAL #STABLE MARKET CAP - $161.00B
STABLE DOMINANCE - 7.50%
USDT DOMINANCE - 69.76%
$USDT $USDC #DAI #USDe $FDUSD #USDD $FRAX $TUSD $PYUSD
USDD, the algorithmic stablecoin associated with Justin Sun and the TRON blockchain, has removed around 12,000 bitcoins from its collateral, with no corresponding approval from the DAO.
muaah to governance lol
Justin Sun’s USDD Drops 12,000 BTC Without DAO Approval
The 12,000 BTC previously listed on USDD’s transparency page have been withdrawn from the collateral reserve. The address, 1KVpuCfhftkzJ67ZUegaMuaYey7qni7pPj, holding these assets has been removed from transparency disclosures.
#JustinSun #USDD #Tron #BTC☀
muaah to governance lol
Justin Sun’s USDD Drops 12,000 BTC Without DAO Approval
The 12,000 BTC previously listed on USDD’s transparency page have been withdrawn from the collateral reserve. The address, 1KVpuCfhftkzJ67ZUegaMuaYey7qni7pPj, holding these assets has been removed from transparency disclosures.
#JustinSun #USDD #Tron #BTC☀
TOP #STABLECOINS BY MARKET CAPITALIZATION
TOTAL #STABLE MARKET CAP - $129.04B
STABLE DOMINANCE - 8.19%
USDT DOMINANCE - 70.28%
#USDT $USDC $DAI $TUSD $BUSD $FDUSD #USDD #FRAX $USDP
TOTAL #STABLE MARKET CAP - $129.04B
STABLE DOMINANCE - 8.19%
USDT DOMINANCE - 70.28%
#USDT $USDC $DAI $TUSD $BUSD $FDUSD #USDD #FRAX $USDP
#USDD The Block reports that Justin Sun's stablecoin USDD is no longer backed by Bitcoin.
Tron founder Justin Sun reassures that there is nothing to worry about after Tron DAO Reserve withdrew nearly $750 million in bitcoin (~12K BTC).
USDD launched in 2022 to compete with Terra's now-defunct UST token, and is currently primarily backed by the TRX token.
Tron founder Justin Sun reassures that there is nothing to worry about after Tron DAO Reserve withdrew nearly $750 million in bitcoin (~12K BTC).
USDD launched in 2022 to compete with Terra's now-defunct UST token, and is currently primarily backed by the TRX token.
Daily Summary on January 6, 2024
#SUI #USDD $LDO $INJ $MANA $BTC $ETH $PEOPLE $SOL $TRB
#dailysummary #DeFi #Crypto
#SUI #USDD $LDO $INJ $MANA $BTC $ETH $PEOPLE $SOL $TRB
#dailysummary #DeFi #Crypto
📈 Q2 marked another strong quarter for stablecoins on @TRON DAO
Market cap increased 9% QoQ from $53.1B to $58B. #USDT dominates with a 98% share, rising 9% to $57.1B.
#USDD increased 1% to $729.9M, while $TUSD surged 29% to $89.1M.
#Stablecoins #Trondao #TrendingTopic
Market cap increased 9% QoQ from $53.1B to $58B. #USDT dominates with a 98% share, rising 9% to $57.1B.
#USDD increased 1% to $729.9M, while $TUSD surged 29% to $89.1M.
#Stablecoins #Trondao #TrendingTopic
TOP #STABLECOINS BY MARKET CAPITALIZATION
TOTAL #STABLE MARKET CAP - $160.06B
STABLE DOMINANCE - 7.03%
USDT DOMINANCE - 69.18%
$USDT $USDC #DAI $FDUSD #USDe #USDD $FRAX $TUSD $PYUSD
TOTAL #STABLE MARKET CAP - $160.06B
STABLE DOMINANCE - 7.03%
USDT DOMINANCE - 69.18%
$USDT $USDC #DAI $FDUSD #USDe #USDD $FRAX $TUSD $PYUSD
