Market maker Wintermute has just become the ninth TRON DAO Reserve member behind the algorithmic stablecoin USDD.
From now on, the company can issue and burn USDD. In addition, it will also advise the stablecoin's project development organization.
The coin went into circulation on May 5 on the eve of the collapse of LUNA and Terra USD (UST). The stablecoin is available on the TRON, Ethereum and BNB Chain networks.
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TRON DAO Reserve has recognized the price elasticity of USDD against the dollar in the face of market turmoil.
At the moment, the asset’s market supply amounts to 739,887,667 USDD. The declared reserves of the stablecoin exceed $2.33 billion.