What’s going on at TRON? TRON’s native stablecoin, USDD, lost its stability and fell as low as $0.96. However, TRX has lost 17.5% in the last 24-hour period.
Tron Dao Reserve, which recently bought TRX by sending 100 million USDC to Binance, 2.5 billion TRX to cold wallet announced the withdrawal.
Replying to this information shared on Twitter, TRON founder Justin Sun said, “We did our part.” made a statement.
Many commentators, who likened the UST to Terra, which started the collapse by losing its stability, as a result of the depreciation of TRX after the fall of USDD. 2. Because of the LUNA case suspects.
TRON founder Justin Sun, Monday, June 6, in order to give confidence to his investors with his day USDDof now TRON DAOof Bitcoin (BTC), TRON (TRX), USDC and Tether (USDT) had confirmed that it was backed by its reserves.
With a recent announcement minimum 130% coverage promised and about the rate of guarantee TRON DAOHe said that real-time updates will be published on the ‘s website.
At the very beginning of the collapse of the UST, Terra CEO Do Kwon shared on his Twitter account “Deploying more capital – steady lads”.
After Justin Sun shared the same article yesterday, many tron (TRX) investors he is nervous is stated.
