Tron’s TRX gained 10% in the past 24 hours as of 9:40 a.m. in Hong Kong according to pricing data from CoinGecko, while most of the other top tokens such as Bitcoin and Ether were down slightly. TRX is now the 24th biggest crypto by market cap.
Tron is going to pool its resources to create USDD, a fully decentralized algorithmic stablecoin, founder Justin Sun said Thursday. USDD will be pegged to TRX and is scheduled to be issued and enter circulation on Tron May 5, he said, adding that it will also be available on Ethereum and BNB Chain through the BTTC cross-chain protocol.Blockchain now has grown into an open financial market & the time has come for a decentralized reserve.
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