{"id":570837,"date":"2022-05-07T15:50:44","date_gmt":"2022-05-07T14:50:44","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=570837"},"modified":"2022-05-24T16:32:03","modified_gmt":"2022-05-24T15:32:03","slug":"tron-dao-buys-39m-worth-of-trx-as-reserves-for-usdd-whose-supply-exceeds-200m","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/tron-dao-buys-39m-worth-of-trx-as-reserves-for-usdd-whose-supply-exceeds-200m\/","title":{"rendered":"Tron DAO Buys $39M Worth of TRX as Reserves for its USDD Stablecoin Whose Circulating Supply Has Exceeded $200M"},"content":{"rendered":"
Quick take:<\/p>\n
The team at Tron DAO has announced the purchase of 504,600,250 TRX, at an average price of $0.07727, as part of its reserves for the USDD stablecoin. This amount, worth $38.993 million, follows the blueprint<\/a> set by Justin Sun to back the USDD stablecoin with $10 billion worth of digital assets.<\/p>\n .@trondaoreserve<\/a> has done its job! https:\/\/t.co\/EhVoYjnlmX<\/a><\/p>\n — H.E. Justin Sun \ud83c\udd63\ud83c\udf1e\ud83c\uddec\ud83c\udde9 (@justinsuntron) May 7, 2022<\/a><\/p><\/blockquote>\n\n