**Breaking News: Tron DAO Reserve Transfers 120,000 BTC to HTX**

IconCryptoNewsTerminal Staff22 Aug, 2024

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**Breaking News: Tron DAO Reserve Transfers 120,000 BTC to HTX**

Tron DAO Reserve Moves 120,000 BTC to HTX Amidst USDD Collateral Shift According to Ublockchain, the Tron DAO Reserve has transferred all 120,000 BTC used as USDD reserves to HTX. This move comes as part of a broader strategy to improve capital efficiency for the USDD stablecoin. Currently, the USDD supply stands at 745 million, with a collateral value of $1.72 billion. Of this collateral, 98.8% or 10.93 million TRX, is held in the form of TRX tokens. This news follows Tron founder Justin Sun's earlier statement that he withdrew $750 million worth of BTC collateral to enhance capital efficiency. Sun emphasized that USDD's long-term collateral ratio exceeds 300%, providing a comfortable margin for such adjustments. Impact on USDD The transfer of BTC reserves to HTX is not expected to have a significant impact on the stability of USDD. The stablecoin remains fully collateralized and continues to maintain its peg to the US dollar. Tron's Commitment to Transparency The Tron DAO Reserve's decision to transfer its BTC reserves to HTX highlights its commitment to transparency. By making these transactions publicly visible, Tron aims to build trust and confidence in its stablecoin ecosystem.

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