The Fed deposits 120 million USDC into Binance to buy TRX

Currently, Alameda Research, Amber Group, Poloniex Exchange, Ankr, Mirana, Multichain, FalconX, and TPS Capital have become members and whitelist institutions of the Federal Reserve Bank of Poland.

The TRON Fed was established under the lead of the TRON Network. Its main purpose is to protect the blockchain industry and market, alleviate extreme and long-term downturns, and solve panic problems caused by the financial crisis.

At the beginning of its establishment, the TRON Fed will save and host the $10 billion in highly liquid assets raised by the promoters of the blockchain industry as an early reserve, and all reserves will enter the TRON joint reserve in the next 6-12 months. In the future, we will continue to absorb more liquid assets as financial reserves to better play the function of decentralized reserves.

Currently, Alameda Research, Amber Group, Poloniex Exchange, Ankr, Mirana, Multichain, FalconX, and TPS Capital have become members and whitelist institutions of the Federal Reserve Bank of Poland.