
A leading digital assets manager says large institutional investors are exiting crypto markets at a historic rate. In the latest Digital Asset Fund Flows Weekly report, CoinShares finds that digital asset investment products suffered over $420 million in outflows last week, with Bitcoin taking the brunt of the blow. “Digital asset investment products saw outflows totaling $423 million […]
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Tron (TRX) founder Justin Sun says the Tron DAO Reserve will deploy $2 billion to defend the Decentralized USD (USDD) peg. Sun recently unveiled his plan to keep TRX and stablecoin USDD from collapsing amid the sustained sell-off in the crypto markets. “[Tron DAO Reserve] will deploy $2 billion USD to fight them. I don’t […]
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Tron (TRX) founder Justin Sun doesn’t want the Decentralized USD (USDD) stablecoin to become the next TerraUSD (UST). Last month, algorithmic stablecoin UST lost its peg to the US dollar and collapsed along with its affiliated stablecoin Terra (LUNA), wiping out $40 billion in crypto market capitalization. Prior to the UST meltdown, the Tron decentralized […]
The post Tron (TRX) Founder Justin Sun Unveils Plan To Secure USDD Stablecoin From Terra-Like Collapse appeared first on The Daily Hodl.