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TRON DAO Launches USDD on Multichain DEX, Deploys $2 Billion to Protect TRX

Following the highly-anticipated launch of TRON’s algorithmic stablecoin, called “Decentralized USD” or USDD, the Tron DAO has deployed $2 billion to...
TRON DAO Launches USDD on Multichain DEX, Deploys $2 Billion to Protect TRX TRON DAO Launches USDD on Multichain DEX, Deploys $2 Billion to Protect TRX

Following the highly-anticipated launch of TRON’s algorithmic stablecoin, called “Decentralized USD” or USDD, the Tron DAO has deployed $2 billion to protect Tron’s ecosystem token, TRX.

Tron Launches USDD on Multichain DEX

On May 11, the Tron DAO announced that its own USDD stablecoin had been launched on Multichain DEX (formerly AnySwap) alongside PancakeSwap, Uniswap, Ellipsis, and sunSwap, the first to have listed stablecoin.

The availability of USDD on Multichain DEX means that users can now bridge the stablecoin among the BitTorrent, Ethereum, Fantom, and Avalanche platforms arbitrarily through Multichain services.

Tron DAO Deploys $2 Billion to Protect TRX

Tron’s algorithmic stablecoin, USDD, was expected to major Terra’s UST competitor. However, with the UST losing its peg, causing LUNA to flatten out and sending a shock wave through the entire crypto market, Tron DAO is taking preventive measures.

To protect Tron (TRX) and the self-labeled “Terra destroyer,” the TRON DAO Reserve plans to allocate $2 billion to fight potential attacks against TRX.

Justin Sun, the founder of Tron (TRX), earlier outlined a potential threat to the USDD on Binance. However, he noted that the threat was over in a subsequent tweet, and the USDD has remained “very stable.”

On The Flipside

  • Algorithmic stablecoins have come under intense scrutiny after UST lost its peg, crippling LUNA, and the broader crypto market.

Why You Should Care

With the attack on Terra’s UST successful, the move from TRON DAO to protect its USDD, the next algorithmic stablecoin, which is fast gaining traction, becomes essential.

Continue reading on DailyCoin

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24-05-2022 00:13:48 (UTC+7)

EUR/USD

1.0674

+0.0114 (+1.08%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.0674

+0.0114 (+1.08%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.2567

+0.0080 (+0.64%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (7)

USD/JPY

127.82

-0.03 (-0.02%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (4)

AUD/USD

0.7101

+0.0068 (+0.97%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (8)

USD/CAD

1.2796

-0.0040 (-0.31%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

EUR/JPY

136.43

+1.42 (+1.05%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (10)

EUR/CHF

1.0319

+0.0023 (+0.22%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (6)

Gold Futures

1,847.12

+5.02 (+0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Silver Futures

21.731

+0.057 (+0.26%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (6)

Copper Futures

4.3285

+0.0535 (+1.25%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Crude Oil WTI Futures

109.91

-0.37 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Brent Oil Futures

110.09

+0.10 (+0.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Natural Gas Futures

8.642

+0.464 (+5.67%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

US Coffee C Futures

215.15

-0.70 (-0.32%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (10)

Euro Stoxx 50

3,708.39

+51.36 (+1.40%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

S&P 500

3,961.86

+60.50 (+1.55%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

DAX

14,175.40

+193.49 (+1.38%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

FTSE 100

7,513.44

+123.46 (+1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Hang Seng

20,470.06

-247.18 (-1.19%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

US Small Cap 2000

1,789.90

+21.55 (+1.22%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (9)

IBEX 35

8,625.80

+141.30 (+1.67%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

BASF SE NA O.N.

49.735

+0.885 (+1.81%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

64.47

+0.73 (+1.15%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (0)

Allianz SE VNA O.N.

199.38

+3.80 (+1.94%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Adidas AG

175.48

+2.68 (+1.55%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

6.903

+0.051 (+0.74%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (3)

Siemens AG Class N

116.70

+1.62 (+1.41%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Deutsche Bank AG

10.018

+0.656 (+7.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

 EUR/USD1.0674↑ Sell
 GBP/USD1.2567↑ Sell
 USD/JPY127.82Neutral
 AUD/USD0.7101↑ Sell
 USD/CAD1.2796↑ Buy
 EUR/JPY136.43Sell
 EUR/CHF1.0319Sell
 Gold1,847.12↑ Sell
 Silver21.731↑ Sell
 Copper4.3285↑ Sell
 Crude Oil WTI109.91↑ Sell
 Brent Oil110.09↑ Sell
 Natural Gas8.642Buy
 US Coffee C215.15↑ Sell
 Euro Stoxx 503,708.39↑ Buy
 S&P 5003,961.86↑ Sell
 DAX14,175.40↑ Buy
 FTSE 1007,513.44↑ Buy
 Hang Seng20,470.06Neutral
 Small Cap 20001,789.90↑ Sell
 IBEX 358,625.80↑ Buy
 BASF49.735↑ Buy
 Bayer64.47↑ Buy
 Allianz199.38↑ Buy
 Adidas175.48↑ Buy
 Lufthansa6.903Neutral
 Siemens AG116.70↑ Buy
 Deutsche Bank AG10.018↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,890/ 6,990
(0/ 0) # 1,765
SJC HCM6,905/ 6,995
(0/ 0) # 1,769
SJC Hanoi6,905/ 6,997
(0/ 0) # 1,771
SJC Danang6,905/ 6,997
(0/ 0) # 1,771
SJC Nhatrang6,905/ 6,997
(0/ 0) # 1,771
SJC Cantho6,905/ 6,997
(0/ 0) # 1,771
Cập nhật 24-05-2022 00:13:50
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,849.33+3.510.19%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$109.35+0.350.32%
Brent$110.45+0.090.08%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.005,0023.315,00
EUR23.899,8625.238,69
GBP28.277,1029.483,51
JPY176,47186,83
KRW15,8019,25
Cập nhật lúc 18:52:02 23/05/2022
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