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Maker - doesn't hold USD at all, but maintains the peg through the collateral that is auditable and managed through smart contracts.
by kolinko 4y ago
Maker - doesn't hold USD at all, but maintains the peg through the collateral that is auditable and managed through smart contracts.
- ceejayoz 4y agoWe're on a thread about Tron's collapsing. https://medium.com/@usddio/usdd-upgrades-into-the-first-over-collateralized-decentralized-stablecoin-20907b81aec9 https://medium.com/@usddio/usdd-upgrades-into-the-first-over... > The TRON DAO Reserve is currently holding 10,500 BTC, 240 million USDT, and 1.9 billion TRX in the reserve account, on top of the 8.29 billion TRX already in the burning contract. The real-time collateral ratio is now over 200% — a total $1.37 billion of assets backing the 667 million USDD in circulation. Collateralization won't save you if the collateral isn't in USD.