TRON DAO Reserve Appoints Alameda Research as the First Member and Whitelisted Institution
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Geneva, Switzerland / May 5 / – 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 caused by extreme market volatility, and mitigate long-term economic downturns. Alameda Research is a leading principal trading firm. They use internally developed technology and the team’s deep crypto expertise to trade thousands of digital asset products, including all major coins and altcoins 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.
The TRON DAO Reserve intends to formulate and implement monetary and exchange rate policies, play the role of a lender of last resort to market participants, and maintain reserve assets of various blockchains and blockchain-powered financial institutions to minimize systemic risks and contribute to the stability of the overall market. The Reserve aims to stabilize the exchange rates of centralized and decentralized stablecoins on TRON and other blockchains by benchmarking interest rates and guiding the market through liquidity provision. It also manages the permissions of USDD as its early custodian and ensures its price stability with crypto reserves.
“We are excited to announce Alameda Research as the first Whitelisted Institution and an official Member of the TRON DAO Reserve. They are an industry-leading principal trading firm with a
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