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Tron Modifies USDD Stablecoin to Avoid Woes of TerraUSD

  • Terra/Luna issue accelerated the planned move, Justin Sun said
  • Tron DAO Reserve will be ‘very active in the market’: Sun
Justin Sun

Justin Sun

Photographer: Paul Yeung/Bloomberg
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Tron, which debuted the USDD algorithmic stablecoin last month, is looking to avoid the trouble its fellow token TerraUSD ran into by boosting transparency and adding collateral.

Total USDD supply stands at about $668 million, the Tron DAO Reserve website and CoinGecko indicate. USDD had a collateralization ratio of 218% as of Monday morning Asia time, according to the TDR website, while a statement from the company on Sunday said a guaranteed minimum collateral ratio of 130% will be maintained.