Archive: ust


Tron’s Troubling Founder

By Vin Narayanan on June 3, 2022

Not every crypto is spilling red ink this year. While bitcoin is down about 37% in 2022, Tron (TRX) is up about 10% this year. And most of the gains have happened in the last 30 days. Last month, Tron launched the USDD stablecoin. USDD is an algorithmic stablecoin. One USDD is supposed to equal $1. And the peg is maintained by burning TRX to mint USDD or converting…