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- 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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📅 Ends at 16:00, Sep 17 (UTC)
USDD Stable Coin withdrew nearly 750 million US dollars of BTC Collateral, Justin Sun said that this move is aimed at improving "capital efficiency"
BlockBeats News, on August 23rd, according to TheBlock, Justin Sun, the founder of TRON, stated that TRON DAO Reserve has withdrawn nearly $750 million worth of BTC from the USDD Stable Coin. USDD is an Algorithm Stable Coin launched by TRON in 2022. After this reserve adjustment, TRX, the native token of TRON, is now mainly used as collateral for USDD. Justin Sun stated in his post that this is to improve the collateral ratio of USDD, which has been consistently over 300%. The current circulating value of USDD tokens is approximately $744 million, ranking as the seventh largest Stable Coin. Its reserves include $1.7 billion worth of TRX and USDT tokens, with a collateral ratio of over 230%, meaning its supported assets are more than twice the circulating Stable Coins. A report released by Bluechip pointed out that almost all of USDD's reserves are stored in Multi-signature, rather than the USDD Smart Contract.