Tron DAO Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD

It was reported that Tron DAO Reserve purchased $38 million worth of tron in order to protect the stablecoin USDD. Tron DAO Reserve continued to buy large amounts of digital assets to support the project’s reserves since then, and after the terrausd(UST) de-pegging events. The organization has also been purchasing tron and adding bitcoin and stablecoins to its mix.

While Terra’s Stablecoin imploded Tron’s Algorithmic dollar-Pegged Crypto Project purchases millions of Tron, Bitcoin and Tether to defend USDD

The Terra blockchain and its native crypto assets LUNA, UST and LUNA have been the focus of all attention over the last week. The USD value of both coins plummeted and the crypto economy lost more than $46 billion. Despite all the chaos, Tron DAO Reserve continued to buy crypto assets for its forex-based digital currency reserves. Bitcoin.com News reported that Tron’s founder Justin Sun, and Tron DAO Reserve purchased $38 million in Tron (TRX) on May 7.

Despite the market chaos that followed the UST collapse, the project has continued to purchase crypto since then. Tron’s stablecoin USDD, which is dollar-pegged and has similarity to Terra’s UST, is also available. Tron DAO Reserve added that 504.6 million tron was purchased (TRX).

We manage USDD’s early custodian permissions and provide price stability through reserves.

The TDR added funds to the reserve last week, following the purchase of 504.6 million trons. Tron DAO Reserve purchased 500 BTC at an average price of $31,031.35 for $155,515,675 to protect the entire blockchain industry.” TDR described on May 10. TDR also stated that it had purchased 595,729.832 tron at $45.6 million. Despite the chaos in the crypto market that day, the TDR team stated “USDD remains steady in today’s market volatility.”

Buy MOAR! https://t.co/DVG3sIWlic

— H.E. Justin Sun (T), (@justinsuntron May 12, 2022

On May 11, TDR team tweet: “To protect the overall blockchain market and crypto market, [TDR] purchased 1,000 BTC at an average price $30,096 for $309,000.” The TDR organization then bought 1,467.612,695 TRX, for $97 million to reserve the funds. After the purchase of $97 million worth tron, the TDR began to buy stablecoins. was explained by the TDR team May 12.

[TDR] has purchased 100,000,000 USDT to protect the entire blockchain industry and crypto market. The average price was $0.982 and $98,200,000.

The TDR team continued to buy more coins to protect Tron’s stablecoin USDD. TDR stated that it bought 200,000,000 USDT on May 12 for $0.985 per unit. This amount equates to approximately $197 million in U.S. Dollars. Tron-based stablecoin reserve group purchased 1,249.57 BTC for an average price around $29,394.

Tron’s Justin Sun “Still Believes In Algorithmic Stablecoins”

The USDD stablecoin currently has a market value of $272.36 Million and there are 271,438,207 USDD available at the time. USDD saw $85.5 million in global trade volume over the last day and is currently 156th in market capital.

The Terra blockchain’s method of burning LUNA in order to make UST is similar to this. To mint a single USDD, it costs $1 worth tron to issue the crypto currency. It can be as big as the market will allow it to grow, and anyone can mint it in any way they want. However, the market turmoil caused by the UST de-pegging incident has made it clear that the crypto community is wary of any algorithmic stablecoin assets.

Tron founder Justin Sun spoke to Coindesk’s Tracy Wang about the problems that have been affecting Tron this week. He said that he still believes in the algorithmic stablecoin model, despite the difficulties. Sun told Wang in a Zoom interview that he still believes in algorithmic stablecoins.