The TRON DAO Reserve has announced Alameda Research as the first Member and Whitelisted Institution to mint Decentralized USD (USDD), a fully decentralized stablecoin underpinned by mathematics and algorithms. The TRON DAO Reserve aims to support the global blockchain industry and crypto market, prevent panic trading influenced by extreme market volatility, and mitigate long-term economic downturns.
Alameda Research is a leading principal trading firm. They use internally assembled technology and the team’s deep crypto expertise to trade thousands of digital asset products, including all major coins and altcoins like FTM, GMT, Plastiks and their derivatives. They have relentlessly built a globally focused team and infrastructure with the ability to trade on all major exchanges and markets since 2017.
This appointment lists Alameda Research as an approved collaborator to the Reserve, giving them the right to mint and the right to burn USDD. As a Member and Whitelisted Institution, Alameda Research will serve as an advisor and make recommendations to improve, enhance and provide general backing to the USDD network. They will prepare for, attend, and be fully engaged in all Reserve membership meetings. They will also support the USDD community and raise awareness surrounding the USDD network and the use of USDD in general.
The TRON DAO Reserve website is now live, and historical token issuance records are published here.