TRON USDD

TRON Reserve buys $61 million bitcoins to back USDD

11.05.2022 09:07 (Updated 30.09.2022 12:09)
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by Anฤ‘elija Anฤ‘eliฤ‡
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 โ€œrisk-freeโ€ 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.

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