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

The Tron DAO Reserve moved out 12,000 BTC BTC - $62835.137 worth around $730 million at press time. Tron founder Justin Sun noted the over-collateralization of Decentralized USD USDD USDD - $0.998293667912221 as the reason for the withdrawal.

Source: cryptopolitan.com

Related symbols: DAOUSD

2024-08-23 05:24:01 GMT.

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Price & Market Data

Price: $62835.137

Volume 24h: $43,687,487,674.16

Market Cap: $1,241,389,810,175.20

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.

Price & Market Data

Price: $0.998293667912221

Volume 24h: $2,780,631.16

Market Cap: $731,096,163.67

Description

USDD (USDD) is a cryptocurrency launched in 2022and operates on the Ethereum platform. USDD has a current supply of 732,345,788.7869673. The last known price of USDD is 0.99788352 USD and is down -0.20 over the last 24 hours. It is currently trading on 172 active market(s) with $2,784,667.42 traded over the last 24 hours. More information can be found at https://usdd.io/.