TRON DeFi Surges on Terra-Inspired Stablecoin Launch
Less than a month after launching USDD, an algorithmic stablecoin that uses a similar mechanism to Terras collapsed UST, TRON has become the third-largest blockchain by total value locked in...
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Crypto Firms Launch Community-Powered Scam Reporting Platform ‘Chainabuse’
Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or…
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally,…
Biggest Movers: Tron Moves to 1-Week High, as Thorchain’s RUNE Nears Lowest Level Since January 2021
Tron rallied during today’s session, as it headed towards a one-week high, following recent declines. This came as Thorchain’s RUNE continued to trade lower, with today’s drop pushing prices closer…
Tron DAO Reserve Acquires Millions in TRX, Bitcoin, and Tether to Safeguard USDD
Seven days ago, Bitcoin.com News reported on the Tron DAO Reserve purchasing $38 million in tron to safeguard the network’s stablecoin USDD. Since then and since the terrausd (UST) de-pegging…
TRON DAO Reserve Bought BTC and TRX for $60 Million Amid Market Crash
Amid the market meltdown, the team behind the TRON DAO Reserve announced two acquisitions for the project’s stablecoin. Additionally, they welcomed Ankr as the fourth member of the Reserve. The…
Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value…
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the…
TRON Promises “Financial Freedom” With Stablecoin Launch
TRON founder Justin Sun recently said that USDD holders would be able to capture a risk-free interest rate of 30%. TRON Stablecoin Goes Live TRON says its ushering in the...
Biggest Movers: Tron Climbs to 5-Month High, With WAVES up 15%
Tron (TRX) rallied to a five-month high earlier in today’s session, as bulls continued to feed off recent news of the USDD stablecoin. While TRX climbed to multi-month highs, WAVES…