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Cryptocurrencies/Coins/Decentralized USD (USDD)
Decentralized USD price, market cap on Coin360 heatmap

Decentralized USD(USDD)

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$1.00
(-0.05%)
0.00004041 BTC
Market Cap (Rank#73)
$745,341,001
30,120 BTC
Vol 24h
$19,570,476
790.858 BTC
Circulating Supply
745,332,143.61
Max Supply
?
1 day agocryptodaily
TRON DAO Reserve Appoints Wintermute as the Latest Member and Whitelisted Institution
Geneva, Switzerland, 10th August, 2022, ChainwireThe TRON DAO Reserve has announced Wintermute as the ninth Member and Whitelisted Institution to mint Decentralized USD (USDD), the over-collateralized decentralized stablecoin on TRON, Ethereum, and BNB Chain. Wintermute is a leading global algorithmic trading firm and an established player in digital asset markets. With an average daily trading volume of over $5 billion, Wintermute facilitates OTC trading and provides liquidity across both centralized and decentralized exchanges. Its mission is to enable, empower and advance a truly decentralized world for more transparent, fair, and efficient markets and products. Being the first over-collateralized decentralized stablecoin, USDD is significantly different from other stablecoins in the crypto industry. It surpasses several massive milestones with over $2.3 billion in backing and a market cap of $725 million as of July 2022. The TRON DAO Reserve (TDR), which governs the stablecoin, acknowledged USDD's elastic price against the USD amidst market turmoil but is committed to defending the stability of the ecosystem. The TDR is dedicating resources to fostering organic growth and maintaining full transparency. During recent volatile market events, USDD has stayed strong as expected and stabilized organically. The simple facts of over-collateralization of transparent reserves and steady restabilization of the token value came as a natural experiment that shows how much USDD is a force to be reckoned with, especially amid various discussions of industry-wide regulation. The appointment authorizes Wintermute to mint and burn USDD as a collaborator with the Reserve. As a Member and Whitelisted Institution, Wintermute will advise the TDR and make recommendations to enhance, develop, and supply general aid for the USDD network. The TRON DAO Reserve website is live, and historical token issuance records are published here live on the TDR website 24/7. About USDD USDD is an over-collateralized decentralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar through TRX under a Linked Exchange Rate System (LERS) and maintains its price stability under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial liberty for everyone. Website | Twitter | Telegram | Discord | Medium ContactsSam [email protected]
1 day agocryptopotato
TRON DAO Reserve Welcomes Wintermute as USDD’s Latest Whitelisted Organization
Wintermute has become the ninth member and whitelisted organization to mint and burn the algorithmic stablecoin.
7 days agocryptodaily
TRON Grand Hackathon Season 2 Closes out Submission with over 1800 Participants
Geneva, Switzerland, 4th August, 2022, Chainwire–Season 2 of The TRON Grand Hackathon 2022 has seen a wave of submissions receiving over 1800 participants since it kicked off on May 16, a staggering increase from Season 1 of the Grand Hackathon earlier this year. Similar to the first season, TRON DAO and BitTorrent Chain (BTTC) aim to inspire developers to achieve their project goals. The second season of the TRON Grand Hackathon consisted of over 30 major partners, nearly 40 different judges, and a community voting system. TRON DAO participants could take part in helping move the needle for their favorite projects building on TRON and BTTC across all four tracks: DeFi, Web3, GameFi, and NFT. Within these four tracks, there are 74 submissions for Web3, 48 for DeFi, 50 for NFT, and 30 for GameFi. Project submissions came across 64 different countries, and total participants from 104 countries. The diversity in participant submissions further highlights the growth of TRON’s global audience. The increase in applicants is not the only area of growth in the TRON Grand Hackathon. The prize pool has also doubled from $500,000 in Season1 to $1,000,000 in Season 2, this increase in the prize pool is due to the increasing number of successful projects being built on the TRON and BTTC networks. The number of winners has also increased from five per track, to eight. The prize pool for each track is as follows: 1st Prize - $60,000 2nd Prize - $40,000 3rd Prize - $30,000 4th Prize - $25,000 5th Prize - $20,000 1st Runner Up - $5,000 2nd Runner Up - $5,000 3rd Runner Up - $5,000 What Are Judges Looking For? The judges have already started the vetting process to find the next big project. Across the four tracks, there are different qualities that judges are looking for. In the Web3 track, TRON DAO is looking for projects that are helping provide sustainable solutions that Web2 products could not create efficiently. In the NFT track, we are looking to find projects that take advantage of blockchain technology in order to help grow the creator economy. In the DeFi track, a big goal is to find projects focused on democratizing finance. Lastly, GameFi projects are aimed at creating enjoyable video games with native utility given to gamers. Judging Timeline: The judging began on August 1 at 9 a.m. EDT and will end on August 11 at 5 p.m. EDT. As mentioned earlier, TRON DAO users can take part in the voting process to help award the community favorite prize. Check out TRON DAO Forum to learn more about how to vote. The forum Hackathon poll is also live for everyone to view here. Future Hackathons: With the growing demand and success of our Hackathons, we intend on creating many more in the near future. An increase in applicants, prizes, partners, and judges are all a major goal for TRON DAO. TRON believes in creating incentives for projects to attain, as that inspires future pioneers to utilize our trusted network. TRON also believes in a virtuous cycle of supporting developers and projects to innovate on our blockchain as it helps onboard more users to the ever expanding TRON ecosystem. For eligibility, rules, criteria, and further details, please visit TRONDAO.org/hackathon, the TRON DAO Forum, and TRON.Devpost.com/rules. About TRON DAO TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2022, it has over 104 million total user accounts on the blockchain, more than 3.6 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum ContactsFeroz [email protected]
8 days agocryptodaily
Metadoro: USDC is Gaining Strength to Outpace Tether
USD Coin from Circle, a technology company that develops peer-to-peer payments, is improving its positions as a leading stablecoin. Its market cap rose from $40 billion at the beginning of 2022 to almost $55 billion at the end of July. More importantly, USDC is replacing the number one stablecoin by market cap USDT (Tether) by number of daily transactions. The USDC is now largely considered to be the best safe haven stablecoin to secure digital savings. USDC is used in 52.5% of overall daily transactions though Ethereum blockchain while Tether holds the second place with the share of 21.4%. USDC surpassed USDT by the number of transactions in late June, and it is still gaining momentum. Investors are scraping their saving in USDT and DAI in favor of USDC. Circle’s mobile payment platform allows users to hold, send, and receive fiat currencies. The company is licensed in New York State in the United States and in the United Kingdom. The company is rumored to have close relations with Goldman Sachs, Coinbase, and also with some large U.S. banks and regulators. Meanwhile, the market cap of USDT deteriorated from around $80 billion at the beginning of 2022 to $65.8 by the end of July or about 42.7% of the overall stablecoin supply. Arcane Research recently forecasted that USDC may outpace Tether by market cap this October. The cryptomarket was rocked by LUNA native coin distress as UST algorithmic stablecoin backed by LUNA plunged almost to zero in May. Even now the $154.3 billion stablecoin market has not completely recovered as it lost 18.8% of its overall capitalisation in the second quarter of 2022. The International Monetary fund (IMF) has warned that the cryptomarket may face further selling pressure and more failures of coin offerings, including stablecoins. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Director of Monetary and Capital Markets of the IMF, Tobias Adrian said. A possible recession may largely contribute to a deeper deterioration of crypto assets, according to Adrian. Indeed, the cryptomarket, along with other risky assets, has started to suffer as major central banks like the Federal Reserve (Fed) and the European Central Bank (ECB) have started to withdraw liquidity from markets in order to bring record inflation under control. The Fed has recently made another sharp action to raise its interest rates by three quarters of a percent to 2.5%, and it is unlikely to stop, although its front man Jerome Powell has said the Fed will closely monitor incoming data to make its next interest rates decision in September. However, he has not ruled out that another 75 or even 100 basis-point hike is possible. So, monetary conditions are clearly not in favour of the cryptomarket. The Bitcoin charts signal prices may continue to go down after a possible breakthrough of $19,000 per coin. The next stop for the major cryptocurrency is at $15,000. But eventually it could go even lower to $10,000, or even to the extreme $6,000 per coin. So, it is not a proper time for the short-term investments in the cryptomarket since the bottom of the downside cycle has not yet been reached. It is likely that proper entry points may emerge in October when the Fed is likely to send out a bold signal about further interest rate hikes, while fears over a recession in the United States, or Europe may become a reality. For the long run, some investments could be made in leading stablecoins with a diversification to other cryptocurrencies other then USDC coin. The best option would be a selection of stablecoins like Binance USD, USDD and, may be some other from the leaders of the market. Anyway, the dynamics of the risky assets represented by the Nasdaq 100 index and Fed actions. Guidance should also be closely monitored to locate the best opportunities to invest in crypto assets. Actions of large investment institutions could be another source to look for suggestions on such investments. Nevertheless, such investments are considered to be highly risky and should be exercised with minor funds and an understanding that they could be lost completely. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 days agocryptodaily
TRON’s Mission to Create an Internet for All, Defining Decentralization
Geneva, Switzerland, 27th July, 2022, ChainwireTRON was established in 2017 with the vision to decentralize the web, and it has aligned its mission to follow that purpose over the last five years. For most blockchains, decentralization is a central theme. It's a form of administration that delegates power to individuals; as a result, users are able to contribute to and own a piece of the network. The four elements of TRON's decentralized architecture are the protocol, nodes, assets, and dApps. Decentralization encourages putting the power in the hands of the people, which is why TRON took its commitment to decentralization to the next stage in December 2021, by dissolving its foundation and establishing itself as a community-governed Decentralized Autonomous Organization (DAO). Decentralization of the Protocol TRON aims to empower developers and users to create and share content without limitations. It uses the Delegated Proof-of-Stake (DPoS) consensus mechanism to manage its blockchain. Only elected nodes can approve transaction blocks, unlike a PoS system, which allows anybody with enough assets staked to do so. This structure enables users to safeguard the network by delegating their staked assets through a mechanism of incentives. Every blockchain network uses a consensus mechanism, and DPoS is one of the most efficient consensus algorithms available. DPoS consumes less energy and completes transactions faster than PoW (Proof-of-Work) or traditional PoS systems. Every six hours, the TRON community elects 27 block validators to serve as "Super Representatives" (SRs) in the ecosystem. Due to the numerous advantages, many blockchains have transitioned to a DPoS mechanism to power their networks. Regardless of the amount of staked TRX or how many votes SRs receive, each SR has identical voting power on the TRON network, ensuring that the governing percentage per SR is equally balanced. Decentralization of Nodes Nodes are the foundation of every blockchain network. As a result, any examination of decentralization must evaluate them. TRON's geographical diversity in nodes makes it more secure and durable. Decentralization of Assets The distribution of native assets, as well as their availability, also contributes to the blockchain's decentralization. The amount of TRX wallets has risen at a tremendous pace with a 134% increase in one year, from about 26 million in July 2021 to over 61 million by July 2022. The network's popularity and user base grow with more TRON wallet users and will continue to contribute to the network's decentralization. Today there are over 100 million user accounts on the network, and the number of users is growing daily. Decentralization of dApps The number of dApps, smart contracts, and users is also noteworthy for decentralization. The TRON Grand Hackathon is an outstanding opportunity for budding entrepreneurs and their ideas to grow the TRON network. The various projects submitted during the Hackathon contribute to the diversification of the ecosystem by providing numerous dApps that continue to develop it. To learn more about TRON’s decentralization and review what the historical data shows, read the “A Deep Dive Into Decentralization” report on https://trondao.org/blog/ . About TRON DAO TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2022, it has over 104 million total user accounts on the blockchain, more than 3.6 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum ContactsFeroz [email protected]
18 days agocryptodaily
TRON DAO Reserve Addresses Questions Regarding USDD Stablecoin
Geneva, Switzerland, 24th July, 2022, ChainwireThe TRON DAO Reserve (TDR) has officially answered some frequently asked questions from the community about USDD, the decentralized over-collateralized stablecoin on TRON. The USDD stablecoin is currently the most over-collateralized stablecoin across the entire cryptocurrency market. The core mission of USDD is to provide the blockchain world with a decentralized cryptocurrency of stable value. USDD represents true decentralization across the stablecoin market. Other stablecoins such as USDC or USDT are pegged to a central platform's U.S. dollar (USD) reserves. By nature, the fundamentals of USDC and USDT are considered centralized stablecoins with strict supervision by regulators worldwide. Current market conditions have brought fears of assets being subject to liquidation and freezings without the consent of the holders. USDD overcomes these fears from multiple different angles. Whitelisted institutions of the TRON DAO Reserve (TDR) are authorized to mint USDD. The value of USDD is supported by the over-collateralization of highly liquid crypto assets consisting of, but not limited to, BTC, USDT, USDC, and TRX. This allows USDD to be free from centralized intermediaries so users do not have to worry about their assets being frozen with or without notice. This enables holders of USDD to truly have full ownership of their stablecoin. Stability is an important aspect of a successful stablecoin. Centralized stablecoins such as USDC and USDT are bound by regulators to maintain a 1:1 reserve ratio to the USD. If the centralized authorities of these stablecoins are unable to meet their reserve requirements, this can cause the centralized stablecoins to lose its 1:1 USD peg. USDD is immune to such issues due to its decentralized nature. USDD is not designed to strictly peg to the USD; instead, it floats up and down around it. The price stability of USDD is maintained through monetary policies adopted by the TDR based on market conditions. Under volatile market conditions, USDD is not considered depegged when it is within 3% up or down from the USD peg. This allows for further flexibility for the TDR to make the necessary monetary policy adjustments if needed. With recent volatility in the markets, USDD has adjusted properly through TDR’s monetary policy tools which have strongly held up against recent concerns. This methodology is known as a Linked Exchange Rate System and has successfully allowed USDD to properly scale. The recent controversy surrounding stablecoins arose due to the LUNA and UST crash. USDD fluctuated below its USD peg partly due to market misconceptions tied to the LUNA/UST fiasco. LUNA and UST do not follow the TDR policies that USDD is subject to; instead, LUNA and UST function strictly off an algorithmic arbitrage system of burning and minting. This means that UST did not have to rely on any reserve system to support the 1:1 USD peg. This whole process relied heavily on LUNA’s liquidity, when market conditions worsened, causing UST to lose its peg, it resulted in a major shock driving prices down for LUNA and in turn UST because there was no reserve system backing it. This is what ultimately caused the collapse of the LUNA and UST prices. On the other hand, USDD is completely supported by a reserve system filled with liquid assets run by the TDR as mentioned earlier. The details of the TDR assets are published in real-time on tdr.org. The TDR adopts four monetary policy instruments to ensure the stability of USDD, creating further growth in the TRON ecosystem. The four policy instruments are setting benchmark interest rates, open market operations (OMO), window guidance, and the minting-burning mechanism of TRX and USDD. The TDR will also explore more monetary policy tools to foster further stability and growth of the USDD ecosystem. The end goal of TDR’s monetary policy adjustments is to maintain a stable price of USDD while further empowering it to be the most reliable and decentralized stablecoin on the market. For more information about USDD, check out our recent blog post, which goes into details on various community questions and concerns. About USDD USDD is a decentralized over-collateralized stablecoin launched collaboratively by the TRON DAO Reserve and top-tier mainstream blockchain institutions. The USDD protocol runs on the TRON network, is connected to Ethereum and BNB Chain through the BTTC cross-chain protocol, and will be accessible across more blockchains in the future. USDD is pegged to the US Dollar through TRX and maintains its price stability under the guidance of the TRON DAO Reserve. It enables access to a stable and decentralized digital dollar system that in turn assures financial liberty for everyone. Website | Twitter | Telegram | Discord | Medium ContactsSam [email protected]
30 days agocryptodaily
Project Winners of the TRON Grand Hackathon 2022 Season 1 Milestone Payments Completed
Geneva, Switzerland, 12th July, 2022, ChainwireTRON DAO and BitTorrent Chain (BTTC) have announced the final portion of the milestone payments of the TRON Grand Hackathon 2022 Season 1 project winners have been completed. We’ve seen tremendous progress on all the projects building on TRON. Thank you to all the applicants who submitted their projects in the first season of the TRON Grand Hackathon, and another congratulation to the project winners in all four tracks in Web3, NFT, DeFi, and GameFi. In the Web3 track, contribute to the transition from Web 2.0 to Web 3.0 by introducing useful DAO tools and SocialFi dApps. In the NFT track, we encourage you to embrace the creator economy. In our DeFi track, leverage DeFi to offer convenient financial solutions to everyone. Lastly, for the GameFi track, it’s the next generation GameFi where entertainment meets blockchain. Here are some of the Season 1 winners in each track: In the Web3 track, we have our first prize winner, dCloud by Cctechmx, where they created an Open Source Web3 Cloud storage mobile app enabling its ecosystem to enjoy a self-sustainable and shared economy. Includes a BTFS-powered Cloud Storage mobile app, Free and Open Source Software (FOSS), Renter and Host capabilities, BTTC Wallet Manager, Terminal interface for advanced users, and debugging. The second prize winner is GockeFi by the GockeFi team, and they are building the next disruptive app to help users manage their metaverse investments. By making it easy to track your expenses, earnings, NFTs, and total profit, they’ve turned your over-complicated spreadsheet into an all-in-one GUI. For the NFT track, the first prize winner is VersacBrickSquad by TuruGlobal, a collection of DAOs investing in real estate assets, and jointly managing the assets based on the community’s votes. The platform provides a structure that makes Real Estate investment accessible for TRON users. Our second prize winner is Cubie by Team Cubie, a community-driven NFT GameFi platform empowering users by rewarding them for their engagement and using innovative tokenomics. You can try their new game Cutie Bird here. In the DeFi track, the first prize winner is JustMoney Exchange by JustMoney, which allows crypto users to trade and offer cryptocurrencies on several chains. It also facilitates the creation of a payment system that will allow crypto users to purchase goods and services online using cryptocurrency. The second prize winner is Up Stable Token eXperiment by USTX Team, which aims to bridge the gap between stablecoins and regular cryptocurrencies. USTX’s algorithm aims to reduce price volatility and protect investors' value while providing consistent growth potential. Their long-term goal is to build an ecosystem around USTX that can support the worldwide adoption of the token. Last but not least, in the GameFi track, the first prize winner is TronNinja Arcade by TronNinjas, where the mission is to digitalize the local Arcade and bring back an old art form in a new medium. It’s an NFT GameFi project on the TRON blockchain where you can play games such as Ninja Jump, Duck Shooter, Pinball, and Tetris, all while earning the in-game token TronNinjas Tokens (TNT). Season 2 is underway with a $1 million prize pool and an already higher turnout. We’re coming up on the deadline quickly, so get your projects in as soon as possible. The final day is Monday, July 25, to submit for Season 2 of the TRON Grand Hackathon 2022. Thank you to the participants and winners who have made this inaugural season of the Hackathon an outstanding success. For eligibility, rules, criteria, and further details, please visit TRONDAO.org/hackathon, the TRON DAO Forum, and TRON.Devpost.com/rules. About TRON DAO TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2022, it has over 102 million total user accounts on the blockchain, more than 3.5 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum ContactsAlexis [email protected]
52 days agocryptodaily
Crypto Weekly Roundup: Market Tanks, Celsius And 3AC Struggles, MetaMask Vulnerability, Difficulty Bomb Delayed, USDD Stumbles, And More
It has been a very trying week for the community as the crypto industry took a beating like never before. Crypto lending platforms like Celsius and Babel Finance suspended all withdrawals to protect liquidity, while VC firm Three Arrows Capital had to be liquidated. Keep reading to find out more. Bitcoin Despite being approved by the Panamanian national assembly only a couple of months ago, President Laurentino Cortizo has paused the country’s Bitcoin adoption. Despite the drop in BTC’s value and the economic troubles in El Salvador, President Nayib Bukele has hinted that the country might buy bitcoin yet again. After a decade or so of solid growth, crypto looks to be having a similar crash as to what was experienced in the early 2000s after the dot-com bubble popped, as BTC drops below the $20K mark. Ethereum Ethereum’s core developers have announced that the ‘difficulty bomb,’ which is a crucial component of The Merge, has been postponed by two months. Goldman Sachs expanded its Ethereum trading options with the first-ever ETH-linked derivative trade. DeFi Stablecoin troubles are still plaguing the community, as Tron’s newly launched stablecoin, the USDD, runs into trouble only a few months after its launch. Altcoins Billionaire CEO Elon Musk has been sued for $258 billion by a disgruntled investor over alleged claims of running a pyramid scheme for Dogecoin. Despite the worst market downturn, Ripple has revealed that they will continue to hire, with CEO Garlinghouse urging investors not to panic. Technology Blockchain analytics platform Nansen has launched and rolled the much-awaited encrypted Web3-based messaging app - Nansen Connect. MetaMask, Phantom, and other browser wallets disclosed that they patched a critical security vulnerability that could have exposed sensitive user login credentials on compromised devices. Business A new report has revealed that venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from lenders, bringing up the risk of insolvency. The crypto lending platform Celsius is trying everything, including a company restructuring, to stay solvent after suspending withdrawals. Transcripts of Elon Musk discussing his plans for Twitter and crypto payments in a Q&A have been leaked. Babel Finance suspends all further withdrawals, citing that it is “facing unusual liquidity pressures” as the crypto market flounders. The Kazakhstani government has approved legislation that will regulate interactions between local crypto exchanges and financial institutions, even allowing registered exchanges to have bank accounts in the country. Huobi’s operations in Thailand have been halted as the Thai SEC revoked the crypto platforms operations in May this year. NFT The leading NFT marketplace OpenSea has announced that it is moving to the Seaport blockchain, a new web3 marketplace protocol designed for safely and efficiently trading NFTs. The Swiss watchmaker TAG Heuer has created a smartwatch feature that will allow users to flaunt their NFT collection. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
55 days agocryptodaily
The TRON Grand Hackathon 2022 Announces First List of New Partners Joining the Permanent Judging Panel for Season 2
Geneva, Switzerland, 17th June, 2022, ChainwireTRON DAO and BitTorrent Chain (BTTC) are thrilled to announce Mirana, Binance Custody, FalconX, Bittrex Global, APENFT Marketplace, Voxels, Tacen, Ankr, Velas, SwissBorg Ventures, and the lead author of the ERC-721 Standard, William Entriken, as partners and judges for the TRON Grand Hackathon 2022, Season 2. They will be joining our permanent judging panel alongside our highly esteemed partners from Season 1. The partners will serve on our distinguished panel as judges for the Hackathon Season 2 projects built on TRON or BTTC. In addition, each of the partners may consider individual grants for projects that display growth potential. Winning projects may have the chance to work with our partners on potential future listings and may be invited to integrate with some of their blockchains. Meet our Partners and Judges Mirana Sean Tan is the Head of Asset Management at Mirana Asset Management, a venture, trading, and asset management firm which currently manages one of the largest proprietary digital asset portfolios globally. Previously, he was a Portfolio Manager at Tower Research Capital and contributed to its high-frequency cryptocurrency trading business. Binance Custody Cathy Yu, Head of Binance Custody, is also joining our judging panel. Binance Custody is an institutional-grade custody platform, regulated, insured, and integrated with the Binance ecosystem, all backed by an advanced and proven security structure. Cathy has extensive experience in the banking industry; she previously specialized in cross-border payments and global OTC trading. She has been leveraging her traditional finance background to serve the crypto industry since 2017. FalconX David Streltsoff, Senior Sales Executive is representing FalconX on our panel for Season 2. FalconX is a reliable Institutional Crypto Trading Platform built for financial institutions. Restructuring business processes and pioneering sales/marketing strategies are Davids's core areas of expertise. As a seasoned sales/business development leader, he carries a solid history of building and leading teams, overachieving quota, re-establishing business vision, and tapping into new markets. Bittrex Global Chris Sinkey from Bittrex Global is the Listing Director and Chief Business Officer. Bittrex Global operates as a US-based blockchain digital asset trading platform designed for customers who demand lightning-fast trade execution, dependable digital wallets, and industry-leading security practices. APENFT Marketplace Sydney Xiong, the Director of APENFT Foundation, will also be joining the panel. APENFT Marketplace is a multichain NFT trading platform built on BSC, TRON, and Ethereum layer-1 protocols with BTFS decentralized storage and made interoperable via BitTorrent Chain. They are also the official supporter of the NFT track for the Season 2 of The TRON Grand Hackathon. In addition to managing art collections of APENFT, Sydney initiated the "Second Life" Art Dream Fund and APENFT GameFi Hackathon, curated Digital Wanderlust NFT shows, led the team to make investments in more than 20 NFT and metaverse projects, and recently launched APENFT Marketplace. Voxels Charles Karpati, a Software Developer for the Voxels metaverse is representing Cryptooxels, a virtual world, and metaverse powered by the Ethereum blockchain. In his current role, Charles helps create new features for landowners to build their properties with, addresses bugs, steadily improves the user interface, and serves as a point of communication between the team and user base. Tacen Clarence Liu, the Co-Founder and Chief Strategy Officer of Tacen, one of the leaders in crypto compliance, is also joining our illustrious panel. As a technical expert in blockchain with over five years of experience on the road advocating for blockchain adoption, Clarence continues to push the frontiers of blockchain technology and governance at Tacen.​ Ankr Also on the panel is Gregory Gopman, CMO at Ankr, a decentralized Web3 infrastructure provider that helps developers, decentralized applications, and stakers interact easily with an array of blockchains. Gregory is also the CEO at Mewn Marketing and co-Founder of Akash Network. He has spent 15 years in startups, 10 years in Silicon Valley, and five years in Web3. Velas Farhad Shagulyamov, CEO of Velas, a next-generation blockchain ecosystem project that implements an AI-powered Delegated Proof-of-Stake (AIDPOS) consensus mechanism for improved scalability, high security, and interoperability. Farhad's path to the blockchain niche started in 2016 when he became a cryptocurrency investor and started a technology company in China. This invaluable experience allowed him to make a considerable contribution to developing the idea of Velas and establishing the project. SwissBorg SwissBorg Ventures takes a vertical-agnostic approach to investing on behalf of SwissBorg in the most promising early-stage blockchain projects. They focus on empowering founders with the capital and expertise to build and scale the next generation of Web3 applications. We also welcome José Fernando Pereira, an Investment Analyst at SwissBorg Ventures with experience in early-stage investments, particularly looking at tokenomics frameworks and their integration into sustainable business models. ERC721 Standard Last but not least, joining us is William Entriken, lead author of the ERC-721 Standard, General Manager at Pacific Medical Training, and Advisor at Arianee, Area world. As part of the Hackathon, we will be hosting a few of our judges and partners on the Around the Block podcast series, streamed live on the TRON DAO Youtube channel and on DLive Protocol (the truly decentralized live streaming platform). For eligibility, rules, criteria, and further details, please visit the TRON DAO Forum, TRON.Devpost.com/rules, and TRONDAO.org/hackathon. About TRON DAO TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2022, it has over 98 million total user accounts on the blockchain, more than 3.3 billion total transactions, and over $8.7 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum ContactsAlexis [email protected]
55 days agocryptodaily
Three Arrows Capital Liquidated For Millions, Fails To Meet Margin Calls
A new report has revealed that venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from lenders. The developments have once again brought up the risk of insolvency following the brutal collapse of crypto markets earlier in the week. The report stated that crypto lender BlockFi was one of several companies that liquidated some of 3AC’s positions. Is Insolvency On The Cards? Well-placed sources have revealed in a report that Three Arrows Capital could potentially be facing insolvency after going through several liquidations. The sources revealed that the hedge fund’s liquidations totaled around $400 million, with the hedge fund’s founder Su Zhu tweeting that they are in touch with relevant parties. “Well-Placed Sources’ Say Three Arrows Capital Was Liquidated for at Least $400 Million, Hedge Fund Allegedly Maintains ‘Limited Contact With Its Counter-Parties.” There are growing fears that the hedge fund founded by Zhu and Kyle Davies back in 2012 could be on the verge of insolvency, stated the report. The sources also revealed that 3AC maintained only limited contact with counter-parties after the wave of liquidations. A Falling Portfolio Data from Dune Analytics has revealed that Three Arrows Capital’s current portfolio is around $372.47 million and has seen a change of nearly $139.12 million in the last 24 hours. The hedge fund’s portfolio is relatively diverse, consisting of tokens including AAVE, BAT, CEL, FTT, GUSD, LIDO, and LINK. Currently, $166 million is locked in USD coin (USDC), with the second-largest allocation held in serum (SRM), with the allocation standing at around $46 million. 3AC was also heavily invested in the Terra ecosystem and faced a significant loss of capital thanks to the collapse of the LUNA and UST. 3AC has so far not commented directly on the reports emerging about its possible insolvency, with founder Su Zhu making only a vague statement about the developments. He stated, “We are in the process of communicating with relevant parties and fully committed to working this out.” Su Zhu has not tweeted since the 7th of June, with the founder’s silence making investors jittery since Zhu has also not responded to any questions from them. Crypto’s Problems Continue To Mount The liquidations faced by Three Arrows Capital and its potential insolvency come at a time when the crypto space is already facing several issues. Developments around Celsius, Justin Sun’s Tron facing issues with its USDD stablecoin, and Microstrategy’s losses have made markets extremely jittery. Add to this the fact that the global economy is also facing a recession, with inflation wreaking havoc. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
55 days agocryptopotato
TRON DAO Reserve to Withdraw Another 3 Billion TRX to Protect USDD Peg
For the second consecutive day, the TRON DAO Reserve announces plans to withdraw substantial quantities of TRX from trading platforms.
56 days agonulltx
Tron’s USDD Stablecoin Faces Same Fate as Terra Luna’s UST
Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical fall. USDD is a stablecoin that runs on TRON’s blockchain and has a similar algorithm to UST but is tethered to TRX. […] The post Tron’s USDD Stablecoin Faces Same Fate as Terra Luna’s UST appeared first on NullTX.
56 days agocryptopotato
TRON DAO Reserve Withdraws 2.5 Billion TRX From Binance to Safeguard USDD Peg
TRON DAO Reserve is set to withdraw 2.5 billion TRX out of Binance, making it more difficult for short sellers to short the asset.
56 days agocryptodaily
Crypto Finance to support Tron Blockchain and its native Token
Zurich, Switzerland, 15th June, 2022, ChainwireTRON, one of the largest and most popular public blockchains, has announced that TRX will be supported by Crypto Finance. More TRON-based tokens are expected to be added in the near future. As part of Deutsche Börse and licensed by the Swiss Financial Market Supervisory Authority FINMA, Crypto Finance provides trading and asset management services to institutions, including banks and financial service providers. In September 2021, the TRON ETN “VTRX” was listed on Deutsche Börse, and Euronext Amsterdam and Paris, among other national exchanges in the EU. This gives investors the opportunity to participate indirectly in the growth performance of TRON. With the support of Crypto Finance investors can directly invest in the underlying asset on a secure, compliant, and regulated crypto infrastructure. “We continue to push the boundaries and add more and more cryptocurrencies to our platforms,” said Jan Brzezek, CEO and Founder of Crypto Finance. “Clients can now securely trade and store the token that powers the TRON ecosystem, TRX. Our FINMA-regulated brokerage and custody services provide clients seamless market access across this wide range of storable digital assets.” With Crypto Finance’s support, TRON network will have access to: Storage: Non-custodial private key infrastructure on the highest-grade hardware security modules Custody: Fully regulated and compliant custody service for financial intermediaries Trading: 24/7 regulated and licensed by FINMA to provide liquidity for banks and financial service providers "This is yet another milestone in TRON’s global push and goal to become an all-inclusive global settlement layer that powers the next generation of cross-border payment systems. It is also a reflection of the community’s effort to keep up with evolving regulatory standards in the crypto industry," said H.E Justin Sun, Founder of TRON. About TRON DAO TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of June 2022, it has over 96.3 million total user accounts on the blockchain, more than 3.3 billion total transactions, and over $12.6 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum About Crypto Finance Crypto Finance – a FINMA-regulated financial institution and a member of Deutsche Börse Group, offers professional digital asset solutions. This includes one of the first FINMA-approved investment firms with 24/7 brokerage services, custody, infrastructure, and tokenization solutions for financial institutions, as well as the first FINMA-approved manager of collective assets for crypto assets, with an active, rules-based, and index-based alternative investment fund offering, including the first Swiss crypto fund. With a team of over 100 employees, Crypto Finance is headquartered in Switzerland and has a regional presence in Singapore. Since its founding in 2017, the company has received numerous awards, including Crypto Valley Top 50 Blockchain Company, Top 100 Swiss Start-up, and winner of the Swiss FinTech Award 2019. Media Contact Chris Benros [email protected] ContactsFeroz [email protected]
56 days agocryptopotato
Tron Price Analysis: Tron Collapses by 20% Daily as USDD Drifts Away From Peg
Tron lost its momentum over the weekend, and since then, it has crashed by over 40%. The cryptocurrency now struggles to find support. Key Support levels: $0.050, $0.040 Key Resistance levels: $0.057, $0.064 Fear started as soon as USDD lost its 1:1 peg to the dollar. Since then, TRX has failed to stop the downtrend, […]
57 days agozycrypto
Tron’s USDD Stablecoin Slips Further From Dollar Peg — Despite Overcollaterized Reserve
Tron’s algorithmic stablecoin, Decentralized USD (USDD) remained below its intended price peg with the U.S. dollar on Tuesday even after the team behind the project rushed to shore up the currency with over $2 billion in reserve assets.
58 days agocryptopotato
TRON’s USDD Stablecoin Losing Peg as TRX Price Slumps
USDD is trading at a discount to USDT, putting its peg in question once again. Justin Sun chips in.
58 days agocoindesk
Tron’s Stablecoin Peg to Dollar Wobbles; Justin Sun Swears to Deploy $2B to Prop Up
Decentralized USD (USDD) fell to as low as 91 cents on crypto exchanges early Monday as crypto markets crashed in the wake of the latest liquidity crisis.
59 days agocointelegraph
USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg
Analytics platform Nansen showed that one of the funds that capitalized on the UST depeg has started to transfer large amounts of USDD.
59 days agocryptopotato
Short Squeeze Coming: Justin Sun Reveals $2 Billion Injection to Save USDD Peg
Justin Sun revealed that TRON DAO's reserve will receive $2 billion to protect the peg of USDD.
70 days agocryptopotato
Justin Sun’s Take on the UST-LUNA Fiasco
The Tron founder admitted that UST's nascent success had inspired him to create the stablecoin USDD which follows a similar algorithmic mechanism.
73 days agocryptopotato
Tron Price Analysis: TRX Price Skyrocketed by Over 30% in May, What Drives this Move?
Tron outperformed the crypto market in May, increasing by over 30% this month at the time of this post (see below image). But what drives this growth and demand? Key Support levels: $0.07 Key Resistance levels: $0.09 The fundamentals for Tron have changed with the introduction of the algorithmic stablecoin USDD in late April. So […]
73 days agocryptopotato
TRON TVL Soars to $6 Billion as USDD Algorithimc Stablecoin Catches Speed
Total value locked (TVL) in Tron soars to $6B as the market cap of the USDD algorithmic stablecoin expands above $600 million.
88 days agocoindesk
Justin Sun Talks USDD Stablecoin in Wake of LUNA/UST Unravel
The controversial crypto entrepreneur explains how an algorithmic stablecoin can still succeed while denying rumors he was behind the de-pegging of Terra’s failed UST.

About Decentralized USD

The live price of Decentralized USD (USDD) today is 1.00 USD, and with the current circulating supply of Decentralized USD at 745,332,143.61 USDD, its market capitalization stands at 745,341,001 USD. In the last 24 hours USDD price has moved -0.000228 USD or -0.00% while 19,276,610 USD worth of USDD has been traded on various exchanges. The current valuation of USDD puts it at #73 in cryptocurrency rankings based on market capitalization.

Learn more about the Decentralized USD blockchain network and how it works or follow the price of its native cryptocurrency USDD and the broader market with our unique COIN360 cryptocurrency heatmap.

Decentralized USD Price1.00 USD
Market Rank#73
Market Cap745,341,001 USD
24h Volume19,570,476 USD
Circulating Supply745,332,143.61 USDD
Max SupplyNo Data
Yesterday's Market Cap745,236,740 USD
Yesterday's Open / Close1.0001 USD / 0.999872 USD
Yesterday's High / Low1.0018 USD / 0.999239 USD
Yesterday's Change
0.00% ( 0.000228 USD )
Yesterday's Volume19,276,610 USD
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