Alameda Research has been named the TRON DAO Reserve’s first member and whitelisted institution to mint Decentralized USD, a decentralized stablecoin that is backed by algorithms and mathematics. TRON’s DAO Reserve is designed to help the blockchain market in general and prevent panic trading from extreme market volatility. They use internally developed technology and the team’s deep crypto expertise to trade thousands of digital asset products, including all major coins and altcoins and their derivatives. Since 2017, they have worked tirelessly to build a global team and an infrastructure that allows them trade on every major market and exchange.

TRON DAO reserves will be responsible for implementing monetary, exchange rate and other policies. They also play the role as lender of last resort to market participants. It is responsible for stabilizing the exchange rates of TRON’s centralized and decentralized stablecoins. As its custodian, it manages USDD and provides crypto reserves to ensure its stability in price.

“We are excited to announce Alameda Research as the first Whitelisted Institution and an official Member of the TRON DAO Reserve. They are an industry-leading principal trading firm with a strong interest and expertise in furthering the development of the USDD network and the utility of USDD,” said H.E. Justin Sun, founder of TRON.

Alameda Research is now listed as an authorized collaborator with the Reserve. They have the right of minting and burning USDD. Alameda Research is a member and whitelisted institution and will be an advisor. They’ll make suggestions to enhance, improve, and support the USDD network. They will be present at, participate in, and actively engage with all Reserve membership meetings. They will support USDD and increase awareness about USDD and USDD-related issues.

TRONDAO Reserve’s website is online now. Historical token issuance records will also be published there.

TRON DAO – Information

TRON works to decentralize the internet through blockchain technology and decentralized application (dApps). H.E. Justin Sun founded the TRON network in September 2017. It has continued to make impressive progress since MainNet launched in May 2018. BitTorrent was integrated into the ecosystem in July 2018. BitTorrent has over 100,000,000 monthly active users and is an innovator in Web3 services decentralized. In recent years, the TRON network gained immense popularity. It has more than 90 million user accounts, more that 3.1 billion transactions and $8 billion of total value (TVL) as of April 2022. TRON has the highest circulating USD stablecoin supply in the world, exceeding USDT’s since April 2021. TRON, now a community-governed Dao Organization (DAO), completed decentralization in December 2021. Most recently, the algorithmic stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.

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Anjali Georgesupport@trondao.org

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