Monday, March 27, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home EVM News Avalanche Network

Tron DAO Launches its “Terra Destroyer” Stablecoin on Multichain DEX

by ethozedge
May 11, 2022
in Avalanche Network
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


According to an official announcement, Tron DAO’s own $USDD is now available on Multichain DEX (formerly AnySwap) alongside PancakeSwap, Uniswap, Ellipsis and sunSwap, the first to have listed stablecoin.

The new deployment allows users to bridge $USDD among the BitTorrent, Ethereum, Fantom and Avalanche platforms arbitrarily through Multichain services.

📢 Stablecoin $USDD goes live on #Multichain ▶️ Cross-chain interoperability @BitTorrent @usddio

You can now bridge $USDD among #BitTorrent Chain, #Ethereum, #Fantom and #Avalanche arbitrarily via https://t.co/WuM8pinpxP

What’s coming next? Stay tuned 👀 pic.twitter.com/pt42SSKmy5

— Multichain (Previously Anyswap) (@MultichainOrg) May 11, 2022

Nothing can stop the self-labeled “Terra destroyer” and its famous founder, Justin Sun, from expanding and capturing new niches in the crypto industry.

$USDD expansion on decentralized exchanges continues the path laid out back in January, when Tron Foundation announced its reformation into Tron DAO and declared it was working “towards the mission of delivering the Global Human Settlement Layer of the future.”

Ads

(1/2)🥳Finally!!#TRON Foundation is now #TRON DAO. With DAO, which is fully digitalized and can scale globally, #TRON will also speed up its global expansion towards the mission of delivering the Global Human Settlement Layer of the future. https://t.co/boaFPXFNFR

— H.E. Justin Sun 🅣🌞🇬🇩 (@justinsuntron) January 5, 2022

In the process of accomplishing this mission, Tron DAO’s own “revolutionary” stablecoin, $USDD, emerged. Being backed by TRX and $10 billion in cryptocurrency assets, the exact composition of which is unknown, Tron DAO further announced the additional authorization of $1 billion in the next 10 days, starting from May 7.

Following the outlined plans, Tron DAO then additionally bought 500 BTC and about 600 million TRX on May 10 “to safeguard the overall blockchain industry and crypto market.”

Not as stable as claimed

While TRON’s DAO plans resound throughout the crypto world, a fire is brewing in the backyard of the stablecoin sector.

Terra’s recent collapse shocked the entire crypto community over the past couple of days. Even a potential venture capital-backed bailout has fallen through due to rumors.

Another threat comes from the fact that none other than the U.S. Department of the Treasury may come to put out the flaming fire, with Treasury Secretary Janet Yellen calling for swift passage of the Stablecoin Act.

According to Ms. Yellen: “United States are dealing with a rapidly growing product that has inherent rapidly growing risks.”

Nonetheless, it will be interesting to follow Tron DAO and Justin Sun’s further steps, but for neutral spectators it seems better to be cautious and try not to get burned in the process.





Source link

Tags: bitcoin newscrypto analysiscrypto newsDAODestroyerDexEthoz EdgeLatest bitcoin newslatest crypto newsLaunchesmultichainstablecoinTerraTRON
Share76Tweet47

Related Posts

Will TMS Network overpower Avalanche & Cosmos?

by ethozedge
March 26, 2023
0

In the world of decentralized finance (DeFi), Avalanche (AVAX) and Cosmos (ATOM) have been leading the pack for some time...

Weekly Recap – Bitcoin News

by ethozedge
March 25, 2023
0

Over the past week, statistics show non-fungible token (NFT) sales totaled $193.08 million, down 5.44% from the previous week. Ethereum...

Avalanche announces the Cortina upgrade

by ethozedge
March 24, 2023
0

Avalanche wrote an official blog post to let the community know that the Cortina upgrade is getting closer to being...

Is There a Sunny Outlook for Solana?

by ethozedge
March 23, 2023
0

There was a period, back in the euphoria of crypto’s 2021 bull market period, when Solana was the blockchain name...

TYB launches on Shopify and uses Avalanche to engage customers

by ethozedge
March 23, 2023
0

Avalanche has announced a big advancement that strengthens the Web3 environment and will likely accelerate the community’s acceptance of it....

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

Binance CEO Accused Of Violating US Derivatives Rules

March 27, 2023

First Republic (FRC) Shares Jump 15% as Regional Bank Stock Rebounds

March 27, 2023

Steve McQueen’s Grenfell Tower film—dedicated to the victims of the tragic fire in 2017—to debut in London

March 27, 2023

TMS Network (TMSN) nearly reached the 3 Million Dollar mark! – Cryptopolitan

March 27, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$27,127.00-2.65%
  • ethereumEthereum(ETH)$1,718.61-2.86%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.04%
  • binancecoinBNB(BNB)$307.52-6.25%
  • usd-coinUSD Coin(USDC)$1.00-0.08%
  • rippleXRP(XRP)$0.4719135.12%
  • cardanoCardano(ADA)$0.343707-3.68%
  • dogecoinDogecoin(DOGE)$0.072915-2.28%
  • staked-etherLido Staked Ether(STETH)$1,714.88-2.83%
  • matic-networkPolygon(MATIC)$1.04-5.04%
  • binance-usdBinance USD(BUSD)$1.00-0.10%
  • solanaSolana(SOL)$19.91-4.93%
  • polkadotPolkadot(DOT)$5.87-2.65%
  • litecoinLitecoin(LTC)$89.12-4.60%
  • shiba-inuShiba Inu(SHIB)$0.000010-2.06%
  • tronTRON(TRX)$0.063620-1.11%
  • avalanche-2Avalanche(AVAX)$16.51-3.49%
  • daiDai(DAI)$1.00-0.01%
  • uniswapUniswap(UNI)$5.63-2.67%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$27,110.00-2.94%
  • chainlinkChainlink(LINK)$6.89-4.72%
  • cosmosCosmos Hub(ATOM)$10.86-3.80%
  • ToncoinToncoin(TON)$2.120.22%
  • leo-tokenLEO Token(LEO)$3.38-1.93%
  • moneroMonero(XMR)$157.13-3.49%
  • ethereum-classicEthereum Classic(ETC)$19.48-4.39%
  • okbOKB(OKB)$42.180.43%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • stellarStellar(XLM)$0.091907-0.20%
  • bitcoin-cashBitcoin Cash(BCH)$119.47-4.37%
  • filecoinFilecoin(FIL)$5.32-4.91%
  • true-usdTrueUSD(TUSD)$1.00-0.04%
  • AptosAptos(APT)$10.97-7.59%
  • lido-daoLido DAO(LDO)$2.10-2.85%
  • hedera-hashgraphHedera(HBAR)$0.058380-4.97%
  • quant-networkQuant(QNT)$117.86-3.70%
  • crypto-com-chainCronos(CRO)$0.066645-4.02%
  • vechainVeChain(VET)$0.022086-3.68%
  • nearNEAR Protocol(NEAR)$1.84-5.78%
  • ArbitrumArbitrum(ARB)$1.19-7.21%
  • apecoinApeCoin(APE)$3.90-5.81%
  • algorandAlgorand(ALGO)$0.200210-4.94%
  • internet-computerInternet Computer(ICP)$4.75-4.32%
  • blockstackStacks(STX)$0.91-8.89%
  • eosEOS(EOS)$1.09-4.37%
  • the-graphThe Graph(GRT)$0.132375-5.99%
  • fantomFantom(FTM)$0.414848-7.19%
  • the-sandboxThe Sandbox(SAND)$0.59-6.63%
  • fraxFrax(FRAX)$1.00-0.12%
  • decentralandDecentraland(MANA)$0.57-4.25%
  • elrond-erd-2MultiversX(EGLD)$40.97-4.11%
  • aaveAave(AAVE)$69.98-4.03%
  • tezosTezos(XTZ)$1.08-5.15%
  • theta-tokenTheta Network(THETA)$0.96-5.94%
  • flowFlow(FLOW)$0.92-5.88%
  • immutable-xImmutableX(IMX)$1.02-7.55%
  • axie-infinityAxie Infinity(AXS)$7.98-5.18%
  • neoNEO(NEO)$12.16-0.57%
  • kucoin-sharesKuCoin(KCS)$8.29-4.53%
  • rocket-poolRocket Pool(RPL)$40.22-4.29%
  • paxos-standardPax Dollar(USDP)$1.00-0.06%
  • BitDAOBitDAO(BIT)$0.52-1.01%
  • havvenSynthetix Network(SNX)$2.33-5.05%
  • WhiteBIT TokenWhiteBIT Token(WBT)$5.050.11%
  • usddUSDD(USDD)$0.990.05%
  • terra-lunaTerra Luna Classic(LUNC)$0.000121-3.65%
  • klay-tokenKlaytn(KLAY)$0.223788-2.55%
  • curve-dao-tokenCurve DAO(CRV)$0.89-4.31%
  • gatechain-tokenGate(GT)$4.84-5.07%
  • bitcoin-cash-svBitcoin SV(BSV)$35.12-4.11%
  • conflux-tokenConflux(CFX)$0.320860-6.49%
  • pancakeswap-tokenPancakeSwap(CAKE)$3.55-4.94%
  • optimismOptimism(OP)$2.05-9.37%
  • sapphireSapphire(SAPP)$0.7035.32%
  • mina-protocolMina Protocol(MINA)$0.73-9.01%
  • dashDash(DASH)$56.04-5.45%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • chilizChiliz(CHZ)$0.113891-5.55%
  • gmxGMX(GMX)$70.110.70%
  • makerMaker(MKR)$660.75-1.74%
  • bittorrentBitTorrent(BTT)$0.000001-0.72%
  • huobi-tokenHuobi(HT)$3.59-1.71%
  • ecasheCash(XEC)$0.000029-4.82%
  • iotaIOTA(MIOTA)$0.198843-5.30%
  • Bitget TokenBitget Token(BGB)$0.391652-2.51%
  • xdce-crowd-saleXDC Network(XDC)$0.039433-1.23%
  • frax-shareFrax Share(FXS)$7.45-5.84%
  • EdgecoinEdgecoin(EDGT)$1.00-0.15%
  • compound-ethercETH(CETH)$34.53-2.78%
  • pax-goldPAX Gold(PAXG)$1,972.88-1.11%
  • singularitynetSingularityNET(AGIX)$0.405847-8.80%
  • tether-goldTether Gold(XAUT)$1,964.25-1.08%
  • Tokenize XchangeTokenize Xchange(TKX)$6.07-3.22%
  • trust-wallet-tokenTrust Wallet(TWT)$1.12-5.55%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • compound-usd-coincUSDC(CUSDC)$0.022808-0.07%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • mask-networkMask Network(MASK)$5.73-4.89%
  • osmosisOsmosis(OSMO)$0.78-2.96%
  • loopringLoopring(LRC)$0.337148-5.64%
  • zilliqaZilliqa(ZIL)$0.025747-5.75%
  • FlareFlare(FLR)$0.034072-5.43%
  • render-tokenRender(RNDR)$1.14-6.11%
  • 1inch1inch(1INCH)$0.489397-4.31%
  • radixRadix(XRD)$0.040134-5.83%
  • nexoNEXO(NEXO)$0.72-4.00%
  • cdaicDAI(CDAI)$0.022203-0.02%
  • thorchainTHORChain(RUNE)$1.34-5.15%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,836.54-2.99%
  • gemini-dollarGemini Dollar(GUSD)$1.000.57%
  • oec-tokenOKC Token(OKT)$21.94-1.95%
  • arweaveArweave(AR)$7.78-5.35%
  • kavaKava(KAVA)$0.84-2.75%
  • zcashZcash(ZEC)$35.72-1.22%
  • btse-tokenBTSE Token(BTSE)$2.33-0.48%
  • convex-financeConvex Finance(CVX)$4.92-4.09%
  • dydxdYdX(DYDX)$2.392.31%
  • casper-networkCasper Network(CSPR)$0.034153-3.26%
  • enjincoinEnjin Coin(ENJ)$0.368298-5.39%
  • KaspaKaspa(KAS)$0.02082113.29%
  • DeFiChainDeFiChain(DFI)$0.53-3.34%
  • fetch-aiFetch.ai(FET)$0.344228-8.12%
  • DogechainDogechain(DC)$0.001787-24.98%
  • EthereumPoWEthereumPoW(ETHW)$3.30-2.20%
  • basic-attention-tokenBasic Attention(BAT)$0.236874-5.05%
  • WEMIXWEMIX(WEMIX)$1.39-0.78%
  • baby-doge-coinBaby Doge Coin(BABYDOGE)$0.000000-0.41%
  • nemNEM(XEM)$0.037503-4.55%
  • FLOKIFLOKI(FLOKI)$0.000034-5.68%
  • ethereum-name-serviceEthereum Name Service(ENS)$12.63-4.95%
  • Nexus MutualNexus Mutual(NXM)$47.82-3.64%
  • Aleph ZeroAleph Zero(AZERO)$1.42-3.25%
  • qtumQtum(QTUM)$2.99-4.12%
  • holotokenHolo(HOT)$0.001741-4.52%
  • BeldexBeldex(BDX)$0.058735-5.67%
  • woo-networkWOO Network(WOO)$0.180977-6.30%
  • terra-luna-2Terra(LUNA)$1.25-4.57%
  • theta-fuelTheta Fuel(TFUEL)$0.049631-6.48%
  • injective-protocolInjective(INJ)$3.78-5.38%
  • decredDecred(DCR)$20.04-6.07%
  • ravencoinRavencoin(RVN)$0.024105-6.99%
  • kusamaKusama(KSM)$31.70-5.40%
  • Gains FarmGains Farm(GFARM2)$7,930.530.00%
  • olympusOlympus(OHM)$10.21-0.42%
  • galaGALA(GALA)$0.037436-6.77%
  • celoCelo(CELO)$0.57-6.10%
  • flex-coinFLEX Coin(FLEX)$2.8411.83%
  • compound-governance-tokenCompound(COMP)$40.75-4.24%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.000000-6.30%
  • MagicMagic(MAGIC)$1.30-10.92%
  • gnosisGnosis(GNO)$105.79-2.04%
  • linkLINK(LN)$40.350.17%
  • bitcoin-goldBitcoin Gold(BTG)$15.50-5.51%
  • oasis-networkOasis Network(ROSE)$0.053439-5.97%
  • liquity-usdLiquity USD(LUSD)$1.010.03%
  • yearn-financeyearn.finance(YFI)$8,062.24-3.97%
  • balancerBalancer(BAL)$6.48-4.96%
  • AstarAstar(ASTR)$0.059504-3.15%
  • audiusAudius(AUDIO)$0.260473-4.73%
  • chiaChia(XCH)$37.30-2.12%
  • Access ProtocolAccess Protocol(ACS)$0.008621-4.28%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • nucypherNuCypher(NU)$0.195495-4.04%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • SSV NetworkSSV Network(SSV)$35.67-5.50%
  • ankrAnkr Network(ANKR)$0.030735-5.84%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • Bone ShibaSwapBone ShibaSwap(BONE)$1.07-3.87%
  • omisegoOMG Network(OMG)$1.75-5.23%
  • huobi-btcHuobi BTC(HBTC)$27,012.00-3.18%
  • DAO MakerDAO Maker(DAO)$1.590.54%
  • harmonyHarmony(ONE)$0.019137-6.58%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • AstraferAstrafer(ASTRAFER)$1.48-4.27%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • stepnSTEPN(GMT)$0.364028-7.08%
  • iotexIoTeX(IOTX)$0.024227-2.36%
  • escoin-tokenEscoin(ELG)$2.80-1.14%
  • bloxBlox(CDT)$0.337345-4.55%
  • golemGolem(GLM)$0.227479-5.05%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • tether-eurtEuro Tether(EURT)$1.080.12%
  • justJUST(JST)$0.024951-3.64%
  • convex-crvConvex CRV(CVXCRV)$0.76-6.11%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • moonbeamMoonbeam(GLMR)$0.363839-3.90%
  • Frax EtherFrax Ether(FRXETH)$1,717.66-2.89%
  • BlurBlur(BLUR)$0.51-5.11%
  • ecomiECOMI(OMI)$0.000788-3.35%
  • Gains NetworkGains Network(GNS)$6.94-4.22%
  • jasmycoinJasmyCoin(JASMY)$0.004387-5.46%
  • LiquityLiquity(LQTY)$2.2810.10%
  • terrausdTerraClassicUSD(USTC)$0.021119-5.55%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • kadenaKadena(KDA)$0.91-3.80%
  • amp-tokenAmp(AMP)$0.003636-3.89%
  • perpetual-protocolPerpetual Protocol(PERP)$2.92-2.77%
  • band-protocolBand Protocol(BAND)$1.64-5.93%