Because of the problems with Terra, Justin Sun expressed concern that the next target for a rate collapse would be Tron (TRX) and the recently launched USDD stabelcoin.
The DAO plans to allocate $2 billion to secure TRON assets.
Sun reported that TRX’s short position funding level on Binance exceeded 100% per annum. San later added that the level has already reached 400%.
USDD has so far been capitalized at $271 million, almost 25 times lower than TRX, while TRON DAO has $10 billion in reserves.
Holpop News
Holpop News
Justin Sun said the next target for a collapse rate after Terra could be Tron
posted on May 11, 2022 by holpop in Blockchain
