The TRON DAO Reserve has named Alameda Research as the first Member and Whitelisted Organization for minting the Decentralized USD (USDD). A USDD is a completely decentralised stablecoin based on mathematics and algorithms. TRON DAO Reserve manages USDD permits as the currency’s early custodian and supports price stability via crypto reserves.
Alameda Research as an authorised member of TRON DAO Reserve
This appointment between the TRON DAO Reserve and Alameda Research, as a Member and Whitelisted Institution, will recognise Alameda as an authorised partner to the Reserve. It will provide them with the authority to mint and the right to burn USDD. Alameda Research will serve as an advisor and provide proposals to strengthen, and further development of the USDD. Alameda Research as a member will also attend and participate in all Reserve membership meetings. They will also work towards creating awareness about the USDD network and its use in the USSD community.
The vision of TRON DAO Reserve
The TRON DAO Reserve intends to prevent panic trading induced due to induced by excessive market volatility in the global blockchain and crypto sector. It also intends to help the sector in mitigating long-term economic downturns. The TRON DAO Reserve serve as a lender of last resort to market players. It maintains reserve assets of various blockchains and blockchain-powered financial institutions in order to reduce systemic risks and contribute to overall market stability.
The TRON DAO also planning to design and execute monetary and exchange rate policies. Benchmarking the interest rates and directing the market through liquidity provision will stabilise the exchange prices of centralised and decentralised stablecoins on TRON and other blockchains.
About Alameda Research
Alameda Research is a well-known primary crypto trading company and trades hundreds of digital asset products. They trade in all major cryptocurrencies and altcoins and their derivatives, using internally built technology.
About TRON DAO
The TRON network was founded by H.E. Justin Sun in September 2017 and debuted on MainNet in May 2018. In December 2021, the TRON network reached full decentralisation and became a community-governed DAO.
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