Do repost and rate:
TRON DAO has increased its stablecoin reserves to safeguard the blockchain as the USDD continued to trade below its peg.
The reserve increased its supply of USDC tokens by 300 million on the blockchain. The current supply now sums up to $2.8 billion.
USDD, which was launched earlier this year, was intended to be an algorithmic stablecoin. But it then overcollateralized to prevent a crash like Terra’s UST.
Collateralization Rate Reaches 300%
With the increase in the reserve, the USDD’s collateralization rate has reached 324.53%. After the announcement, a marginal increase in the token price has been noticed.
At the press time, TRX is trading at an average price of $0.060. The token price has jumped by 1.57% in 24 hours.
