June 5, 2022, 10:12 AM
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 currently has a collateralization ratio of 206%, according to the TDR website, while a statement from the company on Sunday said a guaranteed minimum collateral ratio of 130% will be maintained.
TDR’s site shows reserves in Bitcoin, Tether and Tron’s TRX of $710 million, and a total $1.37 billion of assets backing the USDD in circulation, …