TRON Reserve buys $61 million bitcoins to back USDD

11.05.2022 09:07
by Anđelija Anđelić
1 min read

TRON Reserve buys $61 million bitcoins to back USDD

The TRON DAO Reserve has acquired bitcoin and TRON tokens to back the USDD algorithmic stablecoin. The USDD stablecoin was launched on May 5th. TRON DAO Reserve has set a “risk-free” annual interest rate of 30% for the return on the asset.

TRON DAO Reserve bought 500 BTC at an average price of $31,000 worth over $15.5 million. The purchase of 595.7 million TRX cost TRON DAO Reserve $45.6 million.

Author

  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

Trending news

Subscribe and be in touch
Click here