The Federal Reserve has added 500 million USDC reserves to ensure USDD stability, and the current USDD mortgage rate exceeds 310%

According to official news, in response to extreme market conditions, TRON DAO Reserve has added 500 million USDC reserves to defend the USDD peg. Currently, the USDD mortgage rate exceeds 310%.

At present, the Federal Reserve has 14,040 BTC, 10.87 billion TRX, 140 million USDT and 1 billion USDC, with a total amount of more than 2.246 billion US dollars to provide mortgage guarantees for 723 million US dollars of USDD.

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.