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Tron Intends to Improve USDD Transparency and Increase Collateral

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Today’s Cryptocurrency Headline

Tron, which debuted the USDD algorithmic stablecoin last month, is looking to avoid the trouble it’s fellow token TerraUSD ran into by boosting transparency and adding collateral. USDD will maintain a minimum guaranteed collateralisation ratio of 130%, according to a statement released Sunday by the Tron DAO Reserve. Furthermore, Justin Sun said in a recent interview: “We want to have USDD to be overcollateralised, which I think will make market participants more comfortable about using us in the future.”

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to CoinShare, digital asset investment products saw inflows totalling US$100m last week, and Bitcoin saw inflows totalling US$126m last week. Bitcoin is up 4.5% over the last 24 hours and rose to an intraday high of $31,740.00. The largest cryptocurrency experienced another relief rally which set the price above the 20-day exponential moving average ($30,510), indicating the short-term buyers remain active at this level. For now, the bulls are attempting to push the price to the next resistance zone between $33,000 and $35,000.

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