Tron Foundation Purchases $ 100 Million Bitcoin and TRX to Support Stable Coin

Yesterday, a large amount of Tether was transferred from an unknown address to Binance Exchange, which raised the concerns of the digital currency community. However, it is now clear that the Tron Foundation is at the forefront of this transfer, and the Tether will be used to purchase bitcoins and Tron tokens. founder of Tron has announced that they will use the $ 100 million as support for their Stablecoin algorithm. Following the collapse of the Terra network algorithm Stablecoin, Justin Sun also faced a lot of criticism; Because Tron Stablecoin Mechanism (USDD) is very similar to the US Stablecoin (UST).