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Cryptocurrency News

Justin Sun: $100M USDT Was Used To Buy BTC and TRX as a Reserve

06/07/2022

Less than a minute

2022.06.07 18:06

Justin Sun says the 100 million USDT was moved to acquire BTC and TRX as a reserve for USDD.
TRX momentarily spiked up by 2% after the news.
TRX momentarily spiked up by 2% after the news.

To maintain the USDD algorithmic stablecoin, the TRON DAO Reserve continues to purchase BTC and TRX. The TRON DAO Reserve moved USDT via Binance Exchange to purchase more BTC and TRX as a reserve for USDD, according to Justin Sun.