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USDD logo

USDD

Current Price: 0.999022111678291
1h: -0.04%
24h: -0.01%
7d: 0.11%
Market Cap: 731829661.98

Latest USDD News

‘Justin Sun, WBTC are the second-largest risk in crypto:' 12K withdrawal sparks fears

Justin Sun defends his withdrawal of BTC backing USDD. Is it enough to calm users?

Source name: ambcrypto.com

26 days, 20 hours, 1 minutes ago

USDD Stablecoin Drops Bitcoin Backing, Relies on TRX

The removal of 12,000 BTC—worth approximately $726 million—from its collateral address has left USDD primarily reliant on TRX. TRX is the native token of the Tron blockchain.

Source name: altcoinbuzz.io

27 days, 5 hours ago

Tron Founder Justin Sun Addresses Controversy After Bitcoin Removal From USDD's Collateral

Amid the memecoin frenzy on the Tron network, Justin Sun is facing backlash for the controversial removal of over $700 million in Bitcoin (BTC) as USDD's collateral without the Tron DAO Reserve's vote. Sun has now addressed the situation after the move raised concerns about the stablecoin's decentralization.

Source name: bitcoinist.com

27 days, 6 hours ago

12,000 Bitcoin Removed from USDD Reserves, Sun Responds

Tron founder Justin Sun has downplayed concerns following the removal of 12,000 Bitcoin, worth over $729 million, from the reserves backing Decentralized USD (USDD), a stablecoin governed by the Tron

Source name: livebitcoinnews.com

27 days, 7 hours, 55 minutes ago

Tron's USDD Stablecoin Adjusts Reserves: Justin Sun Clarifies 4,000 Bitcoin Withdrawal

Data from Arkham Intelligence revealed that the Tron DAO Reserve, responsible for maintaining the stability of USDD, has been systematically reducing its Bitcoin reserves over the past year, culminating in a 42% reduction. Despite this, the reserve still holds 8,000 Bitcoins.

Source name: cryptomufasa.com

27 days, 10 hours, 11 minutes ago

Justin Sun's USDD Stablecoin Drama: Here's What's Happening With $1.7 Billion Asset

The most recent news concerning Justin Sun's USDD stablecoin has the cryptocurrency community somewhat worried as liquidity on the Tron's stablecoin might get much thinner. Approximately 12,000 BTC that were held in reserve for USDD were recently moved to HTX, formerly known as Huobi.

Source name: u.today

27 days, 10 hours, 14 minutes ago

Tron's USDD Stablecoin Removes 4000 Bitcoin Reserves, Justin Sun Explains Why

The Tron DAO Reserve undertook a major decision about removing Bitcoins as part of the reserves for its USDD stablecoin while flowing the proceeds back into HTX coin. This move has got crypto industry observers on the edge of their seats with Tron's stablecoin Dollar peg seeing some volatility down by 0.17% to $0.9989 as

Source name: coingape.com

27 days, 14 hours, 45 minutes ago

Tron DAO loses Bitcoin backing, Justin Sun cites 300% collateralization as the reason

The Tron DAO Reserve moved out 12,000 BTC worth around $730 million at press time. Tron founder Justin Sun noted the over-collateralization of Decentralized USD (USDD) as the reason for the withdrawal.

Source name: cryptopolitan.com

27 days, 14 hours, 49 minutes ago

Justin Sun USDD Stablecoin Is Now Fully Backed by TRX

The TRON DAO Reserve has removed 12,000 Bitcoin, worth about $728 million, from backing Justin Sun USDD stablecoin.

Source name: coincu.com

27 days, 15 hours, 33 minutes ago

Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101'

USDD's Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it's a normal event in DeFi.

Source name: cointelegraph.com

27 days, 16 hours, 20 minutes ago

Justin Sun's USDD Stablecoin Loses Bitcoin Backing

The move leaves USDD reliant on Tron's native token, TRX, which has surged with a recent meme coin push.

Source name: decrypt.co

27 days, 18 hours, 19 minutes ago

Justin Sun's USDD stablecoin is no longer backed by bitcoin

Tron founder Justin Sun reassured users after the Tron DAO Reserve removed nearly $750 million worth of bitcoin backing the USDD stablecoin.

Source name: theblock.co

27 days, 22 hours, 50 minutes ago

Paypal USD (PYUSD) Surges to Sixth Largest Stablecoin Rank

It has just achieved a new milestone, becoming the sixth-largest dollar-pegged token. Now PYUSD is officially ahead of USDD, Tron's stablecoin.

Source name: thenewscrypto.com

1 months, 23 hours, 59 minutes ago

PayPal's PYUSD flips Tron's USDD, becomes sixth largest stablecoin

Paypal's stablecoin PYUSD outperformed Tron's stablecoin USDD by market cap to become the sixth largest stablecoin in the crypto ecosystem. PYUSD's market valuation grew by $140.9 million in ten days from $651 million on August 6th to $791.9 million on August 16th.

Source name: cryptopolitan.com

1 months, 5 hours, 49 minutes ago

Paypal's PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin

According to statistics, Paypal's PYUSD stablecoin has surpassed Tron's stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD's supply has swelled by $140.9 million.

Source name: news.bitcoin.com

1 months, 29 minutes ago

One USDD, Two Chains, Endless Opportunities — Available for Payments Now

NOWPayments is excited to have integrated USDD stablecoin on both Tron Blockchain (TRC-20) and Binance Smart Chain (BSC). Continue reading the post One USDD, Two Chains, Endless Opportunities — Available for Payments Now in the NOWPayments blog...

Source name: nowpayments

1 years, 5 hours, 50 minutes ago

TRON DAO Honors Top HackaTRON Qualifiers for Completing Blockchain Deployment Milestone

[PRESS RELEASE – Geneva, Switzerland, June 7th, 2023] Just over two weeks ago, on May 15, 2023, the TRON DAO team revealed the results of the HackaTRON Season Four competition. A portion of the prize pool, 500,000 USDD, was shared among the top projects. The final milestone payment is currently being processed for judge-selected qualifiers, […]...

Source name: cryptopotato

1 years, 11 hours, 33 minutes ago

Tron (TRX) leads market with about 10% gain; what’s driving the price?

The Justin Sun-founded cryptocurrency Tron (TRX) has advanced in the market, displaying an impressive gain of about 6.5% over the previous day. TRX has been struggling amid rumors of Justin Sun’s possible arrest and the demise of Tron’s USDD stablecoin. This bullish trend is, at least, a breath of fresh air for TRX and its ... Read more...

Source name: crypto-economy

1 years, 6 hours, 10 minutes ago

TRON price rally gains impetus as top HackaTRON Season 4 projects share 500K USDD

The TRON DAO team on May 15 revealed the results for the HackaTRON Season 4. The top project will share 500,000 USDD, a TRON-based stablecoin. TRON’s price has risen by 10.64% over the last seven days. The price of TRON (TRX) has been rising since May 15 after the TRON DAO team, the community representatives […] The post TRON price rally gains impetus as top HackaTRON Season 4 projects share 500K USDD appeared first on CoinJournal...

Source name: coinjournal

1 years, 9 hours, 10 minutes ago

Brief Analysis of Messari’s Q1 2023 State of TRON and USDD Reports

Geneva, Switzerland, May 12th, 2023, Chainwire Messari, a leader in crypto market research and intelligence, recently released reports on both the USDD stablecoin as well as the TRON blockchain ecosystem. “The TRON DAO team appreciates Messari’s work overall, and like normal, its objective research in these latest TRON-related reports offers data-driven, insightful remarks,” a TRON [...] Der Beitrag Brief Analysis of Messari’s Q1 2023 State of TRON and USDD Reports erschien zuerst auf Crypto New...

Source name: crypto-news-flash

1 years, 9 hours, 13 minutes ago