Justin Sun Archives

No Result

View All Result

No Result

View All Result

No Result

View All Result

Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
TPS Capital, the official OTC desk for Three Arrows Capital<\/u><\/a>, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24\/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.<\/p>\n\n\n\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In terms of stablecoin development, the TRON DAO Reserve<\/u><\/a> has onboarded multiple premier blockchain institutions such as Alameda Research<\/u><\/a>, Amber Group<\/u><\/a>, Poloniex<\/u><\/a>, Ankr<\/u><\/a>, Mirana<\/u><\/a>, Multichain<\/u><\/a>, FalconX<\/u><\/a>, and most recently TPS Capital<\/u><\/a> as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.<\/p>\n\n\n\n
TPS Capital, the official OTC desk for Three Arrows Capital<\/u><\/a>, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24\/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.<\/p>\n\n\n\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks<\/u><\/a>, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance<\/u><\/a>, a subsidiary of Deutsche B\u00f6rse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche B\u00f6rse network.<\/p>\n\n\n\n
In terms of stablecoin development, the TRON DAO Reserve<\/u><\/a> has onboarded multiple premier blockchain institutions such as Alameda Research<\/u><\/a>, Amber Group<\/u><\/a>, Poloniex<\/u><\/a>, Ankr<\/u><\/a>, Mirana<\/u><\/a>, Multichain<\/u><\/a>, FalconX<\/u><\/a>, and most recently TPS Capital<\/u><\/a> as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.<\/p>\n\n\n\n
TPS Capital, the official OTC desk for Three Arrows Capital<\/u><\/a>, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24\/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.<\/p>\n\n\n\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to CoinMetrics<\/u><\/a> on Sunday, May 29, TRON has also ranked first in the number of active addresses compared to BTC, ETH, XRP, LINK, XLM, BNB, DOGE, MANA, ADA, QNT, LTC, DOT, ZEC, EOS, NEO, 1INCH, AAVE and QNT.<\/p>\n\n\n\n
TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks<\/u><\/a>, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance<\/u><\/a>, a subsidiary of Deutsche B\u00f6rse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche B\u00f6rse network.<\/p>\n\n\n\n
In terms of stablecoin development, the TRON DAO Reserve<\/u><\/a> has onboarded multiple premier blockchain institutions such as Alameda Research<\/u><\/a>, Amber Group<\/u><\/a>, Poloniex<\/u><\/a>, Ankr<\/u><\/a>, Mirana<\/u><\/a>, Multichain<\/u><\/a>, FalconX<\/u><\/a>, and most recently TPS Capital<\/u><\/a> as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.<\/p>\n\n\n\n
TPS Capital, the official OTC desk for Three Arrows Capital<\/u><\/a>, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24\/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.<\/p>\n\n\n\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
TRON now ranks third among all public chains by TVL at $6.17 billion, following closely behind Ethereum and BNB Chain, according to data provided by DefiLlama<\/u><\/a>, one of the largest TVL aggregators for DeFi. As of Thursday, May 26, TRX has surpassed AVAX to become number 13 in overall market cap at nearly $8 billion, according to CoinMarketCap<\/u><\/a>.<\/p>\n\n\n\n
According to CoinMetrics<\/u><\/a> on Sunday, May 29, TRON has also ranked first in the number of active addresses compared to BTC, ETH, XRP, LINK, XLM, BNB, DOGE, MANA, ADA, QNT, LTC, DOT, ZEC, EOS, NEO, 1INCH, AAVE and QNT.<\/p>\n\n\n\n
TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks<\/u><\/a>, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance<\/u><\/a>, a subsidiary of Deutsche B\u00f6rse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche B\u00f6rse network.<\/p>\n\n\n\n
In terms of stablecoin development, the TRON DAO Reserve<\/u><\/a> has onboarded multiple premier blockchain institutions such as Alameda Research<\/u><\/a>, Amber Group<\/u><\/a>, Poloniex<\/u><\/a>, Ankr<\/u><\/a>, Mirana<\/u><\/a>, Multichain<\/u><\/a>, FalconX<\/u><\/a>, and most recently TPS Capital<\/u><\/a> as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.<\/p>\n\n\n\n
TPS Capital, the official OTC desk for Three Arrows Capital<\/u><\/a>, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24\/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.<\/p>\n\n\n\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
TRON<\/u><\/a> celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD<\/u><\/a>, the collateralized decentralized stablecoin<\/a> on TRON, making it onto CoinMarketCap's top 100<\/u><\/a> only 16 days after its May 5 launch. As of Wednesday, June 1, USDD has reached a new milestone with over $667 million in circulating supply<\/u><\/a> burning over 8 billion TRX<\/u><\/a> along the way.<\/p>\n\n\n\n
TRON now ranks third among all public chains by TVL at $6.17 billion, following closely behind Ethereum and BNB Chain, according to data provided by DefiLlama<\/u><\/a>, one of the largest TVL aggregators for DeFi. As of Thursday, May 26, TRX has surpassed AVAX to become number 13 in overall market cap at nearly $8 billion, according to CoinMarketCap<\/u><\/a>.<\/p>\n\n\n\n
According to CoinMetrics<\/u><\/a> on Sunday, May 29, TRON has also ranked first in the number of active addresses compared to BTC, ETH, XRP, LINK, XLM, BNB, DOGE, MANA, ADA, QNT, LTC, DOT, ZEC, EOS, NEO, 1INCH, AAVE and QNT.<\/p>\n\n\n\n
TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks<\/u><\/a>, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance<\/u><\/a>, a subsidiary of Deutsche B\u00f6rse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche B\u00f6rse network.<\/p>\n\n\n\n
In terms of stablecoin development, the TRON DAO Reserve<\/u><\/a> has onboarded multiple premier blockchain institutions such as Alameda Research<\/u><\/a>, Amber Group<\/u><\/a>, Poloniex<\/u><\/a>, Ankr<\/u><\/a>, Mirana<\/u><\/a>, Multichain<\/u><\/a>, FalconX<\/u><\/a>, and most recently TPS Capital<\/u><\/a> as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.<\/p>\n\n\n\n
TPS Capital, the official OTC desk for Three Arrows Capital<\/u><\/a>, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24\/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.<\/p>\n\n\n\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Geneva, Switzerland<\/strong><\/p>\n\n\n\n
TRON<\/u><\/a> celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD<\/u><\/a>, the collateralized decentralized stablecoin<\/a> on TRON, making it onto CoinMarketCap's top 100<\/u><\/a> only 16 days after its May 5 launch. As of Wednesday, June 1, USDD has reached a new milestone with over $667 million in circulating supply<\/u><\/a> burning over 8 billion TRX<\/u><\/a> along the way.<\/p>\n\n\n\n
TRON now ranks third among all public chains by TVL at $6.17 billion, following closely behind Ethereum and BNB Chain, according to data provided by DefiLlama<\/u><\/a>, one of the largest TVL aggregators for DeFi. As of Thursday, May 26, TRX has surpassed AVAX to become number 13 in overall market cap at nearly $8 billion, according to CoinMarketCap<\/u><\/a>.<\/p>\n\n\n\n
According to CoinMetrics<\/u><\/a> on Sunday, May 29, TRON has also ranked first in the number of active addresses compared to BTC, ETH, XRP, LINK, XLM, BNB, DOGE, MANA, ADA, QNT, LTC, DOT, ZEC, EOS, NEO, 1INCH, AAVE and QNT.<\/p>\n\n\n\n
TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks<\/u><\/a>, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance<\/u><\/a>, a subsidiary of Deutsche B\u00f6rse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche B\u00f6rse network.<\/p>\n\n\n\n
In terms of stablecoin development, the TRON DAO Reserve<\/u><\/a> has onboarded multiple premier blockchain institutions such as Alameda Research<\/u><\/a>, Amber Group<\/u><\/a>, Poloniex<\/u><\/a>, Ankr<\/u><\/a>, Mirana<\/u><\/a>, Multichain<\/u><\/a>, FalconX<\/u><\/a>, and most recently TPS Capital<\/u><\/a> as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.<\/p>\n\n\n\n
TPS Capital, the official OTC desk for Three Arrows Capital<\/u><\/a>, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24\/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.<\/p>\n\n\n\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Since this news TronDAO has stated<\/a> they will withdraw 2.5 billion $TRX from Binance to further \"safeguard the overall blockchain industry and crypto market.\" So far 1,788,999,997 TRX has been withdrawn<\/a>.<\/li><\/ul>\n","post_title":"USDD Algorithmic Stablecoin Remains Depegged After Two Days","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"usdd-algorithmic-stablecoin-remains-depegged-after-two-days","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/\nhttps:\/\/www.thedistributed.co\/dao\/","post_modified":"2023-04-30 21:34:17","post_modified_gmt":"2023-04-30 11:34:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5372,"post_author":"2","post_date":"2022-06-02 17:48:24","post_date_gmt":"2022-06-02 07:48:24","post_content":"\n
Geneva, Switzerland<\/strong><\/p>\n\n\n\n
TRON<\/u><\/a> celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD<\/u><\/a>, the collateralized decentralized stablecoin<\/a> on TRON, making it onto CoinMarketCap's top 100<\/u><\/a> only 16 days after its May 5 launch. As of Wednesday, June 1, USDD has reached a new milestone with over $667 million in circulating supply<\/u><\/a> burning over 8 billion TRX<\/u><\/a> along the way.<\/p>\n\n\n\n
TRON now ranks third among all public chains by TVL at $6.17 billion, following closely behind Ethereum and BNB Chain, according to data provided by DefiLlama<\/u><\/a>, one of the largest TVL aggregators for DeFi. As of Thursday, May 26, TRX has surpassed AVAX to become number 13 in overall market cap at nearly $8 billion, according to CoinMarketCap<\/u><\/a>.<\/p>\n\n\n\n
According to CoinMetrics<\/u><\/a> on Sunday, May 29, TRON has also ranked first in the number of active addresses compared to BTC, ETH, XRP, LINK, XLM, BNB, DOGE, MANA, ADA, QNT, LTC, DOT, ZEC, EOS, NEO, 1INCH, AAVE and QNT.<\/p>\n\n\n\n
TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks<\/u><\/a>, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance<\/u><\/a>, a subsidiary of Deutsche B\u00f6rse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche B\u00f6rse network.<\/p>\n\n\n\n
In terms of stablecoin development, the TRON DAO Reserve<\/u><\/a> has onboarded multiple premier blockchain institutions such as Alameda Research<\/u><\/a>, Amber Group<\/u><\/a>, Poloniex<\/u><\/a>, Ankr<\/u><\/a>, Mirana<\/u><\/a>, Multichain<\/u><\/a>, FalconX<\/u><\/a>, and most recently TPS Capital<\/u><\/a> as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.<\/p>\n\n\n\n
TPS Capital, the official OTC desk for Three Arrows Capital<\/u><\/a>, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24\/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.<\/p>\n\n\n\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The TronDAO<\/a> had administered<\/a> 700 million $USDC to defend the $USDD peg, leaving the reserve with a collateralization rate of almost 300%.<\/li><\/ul>\n\n\n\n
Since this news TronDAO has stated<\/a> they will withdraw 2.5 billion $TRX from Binance to further \"safeguard the overall blockchain industry and crypto market.\" So far 1,788,999,997 TRX has been withdrawn<\/a>.<\/li><\/ul>\n","post_title":"USDD Algorithmic Stablecoin Remains Depegged After Two Days","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"usdd-algorithmic-stablecoin-remains-depegged-after-two-days","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/stablecoins\/\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/\nhttps:\/\/www.thedistributed.co\/dao\/","post_modified":"2023-04-30 21:34:17","post_modified_gmt":"2023-04-30 11:34:17","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5679","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5372,"post_author":"2","post_date":"2022-06-02 17:48:24","post_date_gmt":"2022-06-02 07:48:24","post_content":"\n
Geneva, Switzerland<\/strong><\/p>\n\n\n\n
TRON<\/u><\/a> celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD<\/u><\/a>, the collateralized decentralized stablecoin<\/a> on TRON, making it onto CoinMarketCap's top 100<\/u><\/a> only 16 days after its May 5 launch. As of Wednesday, June 1, USDD has reached a new milestone with over $667 million in circulating supply<\/u><\/a> burning over 8 billion TRX<\/u><\/a> along the way.<\/p>\n\n\n\n
TRON now ranks third among all public chains by TVL at $6.17 billion, following closely behind Ethereum and BNB Chain, according to data provided by DefiLlama<\/u><\/a>, one of the largest TVL aggregators for DeFi. As of Thursday, May 26, TRX has surpassed AVAX to become number 13 in overall market cap at nearly $8 billion, according to CoinMarketCap<\/u><\/a>.<\/p>\n\n\n\n
According to CoinMetrics<\/u><\/a> on Sunday, May 29, TRON has also ranked first in the number of active addresses compared to BTC, ETH, XRP, LINK, XLM, BNB, DOGE, MANA, ADA, QNT, LTC, DOT, ZEC, EOS, NEO, 1INCH, AAVE and QNT.<\/p>\n\n\n\n
TRX has been gaining momentous backing from major asset management companies lately, including Fireblocks<\/u><\/a>, a leading global digital asset and crypto infrastructure platform, which announced its support for TRX and all TRC-20 tokens of the TRON blockchain on its institutionally-focused digital asset platform last week. This announcement follows Crypto Finance<\/u><\/a>, a subsidiary of Deutsche B\u00f6rse, who announced its support for TRX storage, custody, and trading, making TRX available to the entire Deutsche B\u00f6rse network.<\/p>\n\n\n\n
In terms of stablecoin development, the TRON DAO Reserve<\/u><\/a> has onboarded multiple premier blockchain institutions such as Alameda Research<\/u><\/a>, Amber Group<\/u><\/a>, Poloniex<\/u><\/a>, Ankr<\/u><\/a>, Mirana<\/u><\/a>, Multichain<\/u><\/a>, FalconX<\/u><\/a>, and most recently TPS Capital<\/u><\/a> as Members and Whitelisted Institutions to mint USDD, with more names to be announced in the coming weeks.<\/p>\n\n\n\n
TPS Capital, the official OTC desk for Three Arrows Capital<\/u><\/a>, provides a full spectrum of digital asset solutions for institutional investors, funds, protocols, and crypto-native organizations. They strengthen new and existing relationships with 24\/7 service. With their main focus including but not limited to OTC liquidity provision, market making, lending, and borrowing across various asset classes.<\/p>\n\n\n\n
USDD is already trading on popular lending platforms, decentralized exchanges, and centralized exchanges, such as JustLend<\/u><\/a>, SunSwap<\/u><\/a>, PancakeSwap<\/u><\/a>, Ellipsis<\/u><\/a>, Uniswap<\/u><\/a>, Curve<\/u><\/a>, Poloniex<\/u><\/a>, Huobi Global<\/u><\/a>, KuCoin<\/u><\/a>, Gate.io<\/u><\/a>, LBank<\/u><\/a>, Bibox<\/u><\/a>, Bitget Global<\/u><\/a>, and KyberSwap<\/u><\/a>. On Thursday, May 26 at 10 a.m. UTC, Bybit<\/u><\/a>, one of the fastest-growing cryptocurrency exchanges with over 6 million registered users, listed USDD under a special launch. As part of the launch, Bybit has announced a two-part event with a prize pool of 400,000 USDD. Designated mining platforms such as SUN.io<\/u><\/a> currently offer over 30% promotional yield on USDD, properly incentivizing DeFi users and strengthening TRON's DeFi ecosystem. TRON is proud to have supported over 122 million USDD in liquidity pools as of May 25.<\/p>\n\n\n\n
\"TRON's meteoric rise to the world's top three public chains by TVL can be attributed to its sustained efforts to foster growth across the entire ecosystem,\u201d said H.E. Justin Sun, Founder of TRON. \u201cUSDD has reached 667 million in circulation, Season 2 of the TRON Grand Hackathon<\/u><\/a> 2022 is underway with prominent partners and judges from across the industry, and there is explosive growth across the entire ecosystem. Ever since becoming a DAO, the TRON community has kept on BUIDLing!\"<\/p><\/blockquote>\n\n\n\n
Stablecoins have long been a crucial component of the DeFi market, and TRON has been devoting considerable resources to it for several years. From forging strong relationships with issuance platforms like Tether<\/u><\/a> and Circle<\/u><\/a> to establishing the TRON DAO Reserve<\/u><\/a> and launching USDD<\/u><\/a> based on the TRON platform, TRON has built a robust stablecoin armada that includes USDT, USDJ, TUSD, USDC, and USDD. USDD quote pairs are now available on Huobi Global with a zero trading fee. This includes TRX\/USDD, BTT\/USDD, NFT\/USDD, JST\/USDD, SUN\/USDD, WIN\/USDD, USDD\/USDT, and USDD\/USDC.<\/p>\n\n\n\n
TRON has also recently commemorated the highly anticipated Season 2 of the TRON Grand Hackathon 2022 on Monday, May 16, with a wave of applicants. That same week, TRON DAO announced the launch of a $10 million incentive fund program<\/u><\/a> taking into account the recent events to support Terra<\/u><\/a> developers migrating to the TRON \u200b\u200becosystem. TRX is also confirmed to be listed on DMM Bitcoin<\/u><\/a> soon, a top 2 crypto exchange in Japan.<\/p>\n\n\n\n
Since it transitioned to a DAO<\/a> in December 2021, TRON has evolved into one of the largest blockchain ecosystems in the world. With its on-chain asset value reaching $54.4 billion, TRON is now one of the most active settlement layers boasting an exceptional lineup in DeFi, NFT, GameFi, cross-chain connectivity, and stablecoins, accommodating over 95 million on-chain users with 3.2 billion transactions processed on its network. Even in bearish market conditions, while most of the market was concerned about the industry\u2019s future, TRON continued to see bullish growth; during the week ending May 9, TRON was the only green in a sea of red<\/u><\/a>.<\/p>\n\n\n\n
USDD\u2019s integration with more ecosystems in the future - as promised by BitTorrent Chain<\/u><\/a>'s cross-chain solution - will propel TRON's DeFi ecosystem and perhaps the entire DeFi industry into the next stage of growth.<\/p>\n\n\n\n
About TRON DAO<\/b><\/i><\/p>\n\n\n\n
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network<\/u><\/a> has gained incredible traction in recent years. As of May 2022, it has over 95 million total user accounts on the blockchain, more than 3.2 billion total transactions, and over $12 billion in total value locked (TVL), as reported on TRONSCAN<\/u><\/a>. In addition, TRON hosts the largest circulating supply of USD Tether stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized stablecoin USDD was announced on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry - TRON DAO Reserve<\/u><\/a>, marking TRON\u2019s official entry into decentralized stablecoins.<\/p>\n\n\n\n
TRONNetwork<\/u><\/a> | TRONDAO<\/u><\/a> | Twitter<\/u><\/a> | YouTube<\/u><\/a> | Telegram<\/u><\/a> | Discord<\/u><\/a> | Reddit<\/u><\/a> | GitHub<\/u><\/a> | Medium<\/u><\/a> | Forum<\/u><\/a><\/p>\n\n\n\n
Contacts<\/h5>\n\n\n\n
Feroz Lakhani<\/strong><\/li>
[email protected]<\/strong><\/li><\/ul>\n","post_title":"TRON Has a Record-Setting Month","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"tron-has-a-record-setting-month","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2022-09-13 22:21:14","post_modified_gmt":"2022-09-13 12:21:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5372","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n
\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter

Instagram

Youtube

LinkedIn

Facebook

RSS

ADVERTISEMENT

\n
$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> USDD Algorithmic Stablecoin Remains Depegged After Two Days<\/a><\/p>\n","post_title":"TronDAO Claims USDD Is Not Depegged","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trondao-usdd-is-not-depegged","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/usdd-algorithmic-stablecoin-remains-depegged-after-two-days\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-30 21:34:07","post_modified_gmt":"2023-04-30 11:34:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Despite the extreme market conditions, the reserve claims<\/a> that they have a very healthy balance sheet<\/a> with a collateralization rate of 320%. The reserve will be watching the market very closely and acting accordingly.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> USDD Algorithmic Stablecoin Remains Depegged After Two Days<\/a><\/p>\n","post_title":"TronDAO Claims USDD Is Not Depegged","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trondao-usdd-is-not-depegged","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/usdd-algorithmic-stablecoin-remains-depegged-after-two-days\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-30 21:34:07","post_modified_gmt":"2023-04-30 11:34:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to the reserve, the reason for trading below $1 comes from \"extreme market conditions\", where traders have been liquidated and large shorts on both TRX and USDD have been accumulated for profit.<\/li><\/ul>\n\n\n\n
Despite the extreme market conditions, the reserve claims<\/a> that they have a very healthy balance sheet<\/a> with a collateralization rate of 320%. The reserve will be watching the market very closely and acting accordingly.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> USDD Algorithmic Stablecoin Remains Depegged After Two Days<\/a><\/p>\n","post_title":"TronDAO Claims USDD Is Not Depegged","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trondao-usdd-is-not-depegged","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/usdd-algorithmic-stablecoin-remains-depegged-after-two-days\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-30 21:34:07","post_modified_gmt":"2023-04-30 11:34:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The reserve states that with current market volatility, percentage changes of 3%-+ are an \"acceptable range\". Although with the current price of USDD, it is at a 3.27% decrease from its peg.<\/li><\/ul>\n\n\n\n
According to the reserve, the reason for trading below $1 comes from \"extreme market conditions\", where traders have been liquidated and large shorts on both TRX and USDD have been accumulated for profit.<\/li><\/ul>\n\n\n\n
Despite the extreme market conditions, the reserve claims<\/a> that they have a very healthy balance sheet<\/a> with a collateralization rate of 320%. The reserve will be watching the market very closely and acting accordingly.<\/li><\/ul>\n\n\n\n
See Related:<\/em><\/strong> USDD Algorithmic Stablecoin Remains Depegged After Two Days<\/a><\/p>\n","post_title":"TronDAO Claims USDD Is Not Depegged","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"trondao-usdd-is-not-depegged","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/usdd-algorithmic-stablecoin-remains-depegged-after-two-days\/\nhttps:\/\/www.thedistributed.co\/stablecoins\/","post_modified":"2023-04-30 21:34:07","post_modified_gmt":"2023-04-30 11:34:07","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5717","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5679,"post_author":"1","post_date":"2022-06-15 21:30:47","post_date_gmt":"2022-06-15 11:30:47","post_content":"\n
$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the 13th and remains under $1.<\/p>\n\n\n\n
Decentralized USD ($USDD) has been experiencing market pressure after fellow algorithmic stablecoin<\/a> $USTC depegged<\/a> from the USD where it remains at $0.00718. USDD depegged initially dropping to $0.98, where it is now trading at $0.96.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n
\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter

Instagram

Youtube

LinkedIn

Facebook

RSS

ADVERTISEMENT

\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Gas-Free Stablecoin Solutions To Increase Blockchain Adoption<\/h2>\n\n\n\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
See Related: <\/em><\/strong>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
Gas-Free Stablecoin Solutions To Increase Blockchain Adoption<\/h2>\n\n\n\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Tron chain is the market leader in peer-to-peer stablecoin transfers and processes up to 2-3 times the volume of the second-placed Ethereum chain.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
Gas-Free Stablecoin Solutions To Increase Blockchain Adoption<\/h2>\n\n\n\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The Tron founder expects to integrate the gasless stablecoin on the Tron chain in the fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible networks.<\/p>\n\n\n\n
Tron chain is the market leader in peer-to-peer stablecoin transfers and processes up to 2-3 times the volume of the second-placed Ethereum chain.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
Gas-Free Stablecoin Solutions To Increase Blockchain Adoption<\/h2>\n\n\n\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\"Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.\"<\/em><\/p>\n\n\n\n
The Tron founder expects to integrate the gasless stablecoin on the Tron chain in the fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible networks.<\/p>\n\n\n\n
Tron chain is the market leader in peer-to-peer stablecoin transfers and processes up to 2-3 times the volume of the second-placed Ethereum chain.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
Gas-Free Stablecoin Solutions To Increase Blockchain Adoption<\/h2>\n\n\n\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Tron founder Justin Sun has said his team is building a gas-free stablecoin<\/a>. The stablecoin solution seeks to provide free peer-to-peer transfers. In an X post<\/a>, Sun revealed:<\/p>\n\n\n\n
\"Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.\"<\/em><\/p>\n\n\n\n
The Tron founder expects to integrate the gasless stablecoin on the Tron chain in the fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible networks.<\/p>\n\n\n\n
Tron chain is the market leader in peer-to-peer stablecoin transfers and processes up to 2-3 times the volume of the second-placed Ethereum chain.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
Gas-Free Stablecoin Solutions To Increase Blockchain Adoption<\/h2>\n\n\n\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
Sun expects the stablecoin solution to be a game-changer in blockchain adoption.<\/li>\n<\/ul>\n\n\n\n
Tron founder Justin Sun has said his team is building a gas-free stablecoin<\/a>. The stablecoin solution seeks to provide free peer-to-peer transfers. In an X post<\/a>, Sun revealed:<\/p>\n\n\n\n
\"Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.\"<\/em><\/p>\n\n\n\n
The Tron founder expects to integrate the gasless stablecoin on the Tron chain in the fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible networks.<\/p>\n\n\n\n
Tron chain is the market leader in peer-to-peer stablecoin transfers and processes up to 2-3 times the volume of the second-placed Ethereum chain.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
Gas-Free Stablecoin Solutions To Increase Blockchain Adoption<\/h2>\n\n\n\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
The stablecoin allows P2P transfers without paying gas fees.<\/li>\n\n\n\n
Sun expects the stablecoin solution to be a game-changer in blockchain adoption.<\/li>\n<\/ul>\n\n\n\n
Tron founder Justin Sun has said his team is building a gas-free stablecoin<\/a>. The stablecoin solution seeks to provide free peer-to-peer transfers. In an X post<\/a>, Sun revealed:<\/p>\n\n\n\n
\"Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.\"<\/em><\/p>\n\n\n\n
The Tron founder expects to integrate the gasless stablecoin on the Tron chain in the fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible networks.<\/p>\n\n\n\n
Tron chain is the market leader in peer-to-peer stablecoin transfers and processes up to 2-3 times the volume of the second-placed Ethereum chain.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
Gas-Free Stablecoin Solutions To Increase Blockchain Adoption<\/h2>\n\n\n\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

\n
\n
The stablecoin allows P2P transfers without paying gas fees.<\/li>\n\n\n\n
Sun expects the stablecoin solution to be a game-changer in blockchain adoption.<\/li>\n<\/ul>\n\n\n\n
Tron founder Justin Sun has said his team is building a gas-free stablecoin<\/a>. The stablecoin solution seeks to provide free peer-to-peer transfers. In an X post<\/a>, Sun revealed:<\/p>\n\n\n\n
\"Transfers can be made without paying any gas tokens, with the fees being entirely covered by the stablecoins themselves.\"<\/em><\/p>\n\n\n\n
The Tron founder expects to integrate the gasless stablecoin on the Tron chain in the fourth quarter, followed by Ethereum and other Ethereum Virtual Machine-compatible networks.<\/p>\n\n\n\n
Tron chain is the market leader in peer-to-peer stablecoin transfers and processes up to 2-3 times the volume of the second-placed Ethereum chain.<\/p>\n\n\n\n
See Related: <\/em><\/strong>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
Gas-Free Stablecoin Solutions To Increase Blockchain Adoption<\/h2>\n\n\n\n
Sun says gasless stablecoins will enable large companies to deploy stablecoin services, increasing blockchain adoption.<\/p>\n\n\n\n
PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10887,"post_author":"13","post_date":"2023-04-13 13:32:05","post_date_gmt":"2023-04-13 03:32:05","post_content":"\n
\n
The platform said the token no longer meets its \u2018standard of excellence.\u2019\u2019<\/li>\n\n\n\n
Support for TRC-20 USDT and USDC on the TRON network remains unaffected.<\/li>\n<\/ul>\n\n\n\n
Binance US arm has delisted Justin Sun and Tron\u2019s affiliated cryptocurrency TRX, causing a sharp decline in the digital asset price.<\/p>\n\n\n\n
In an announcement<\/a> made on April 18, the exchange said that TRX no longer meets the standard of excellence on its periodic review.<\/p>\n\n\n\n
\u2018\u2018At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect,\u2019\u2019<\/em> the press release read. \u2018\u2018We operate in a rapidly evolving industry, and our digital asset monitoring process is designed to be responsive to market and regulatory developments.\u2019\u2019<\/em> The company has also delisted Abracadabra.money \u2013 based SPELL token.<\/p>\n\n\n\n
Per the announcement, SPELL and TRX token deposits will halt on the platform from April 17 at 7 pm PDT while withdrawals remain open. Buy, Sell, & Convert, and OTC functionality will cease an hour after the deposits are suspended.<\/p>\n\n\n\n
Supported Staking Pairs Also Halted<\/h2>\n\n\n\n
Staking of the suspended digital assets would be stopped from April 13, according to the announcement, and trading pairs, TRX\/USD, TRX\/USDT, TRX\/BTC, SPELL\/USD, and SPELL\/USDT, expected to close on April 18. However, TRC-20 USDT and USDC based on TRON network support would reportedly continue as before.<\/p>\n\n\n\n
Last month, the SEC charged<\/a> Tron Founder Justin Sun and three of its fully-owned companies, Tron Foundation, BitTorrent, and Rainberry, for offering unregistered securities and manipulating the secondary market of TRX.<\/p>\n\n\n\n
Meanwhile, TRX is facing selling pressure following the delisting. At press time, the digital asset was down 4% and 3% in the past day and week respectively. TRX ranks the fifteenth largest cryptocurrency with a market capitalization of $5 billion.<\/p>\n","post_title":"Binance US Drops Tron\u2019s TRX, Causing A Sharp Plunge In Prices\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"binance-us-drops-trons-trx-causing-a-sharp-plunge-in-prices","to_ping":"","pinged":"","post_modified":"2023-04-13 13:42:04","post_modified_gmt":"2023-04-13 03:42:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9403,"post_author":"16","post_date":"2023-01-17 22:18:17","post_date_gmt":"2023-01-17 11:18:17","post_content":"\n
Huobi removed tokens rated as having a \"lack of potential\", violating platform regulations, high trading risk, and low trading volume.<\/p>\n\n\n\n
\n
According to Huobi's announcement<\/a> on January 11, the 33 tokens to be delisted from the exchange are: INDI, OPUL, HC, APN, IRIS, AST, DHT, STC, SKU, QASH, PRIMATE, ATP, KMA, MTA, TALK, IOI, WILD, GOF, WHALE, GEAR, DFA, EDEN, DIE, INV, NAS, PEARL, YAM, GCOIN, SMT, SOC, VALUE, SLC, ABT.
<\/li>\n\n\n\n
After implementing the plan to change the internal apparatus of the company, the following action of Justin Sun aims to reform the environment of the exchange. With this drastic action, Huobi predicts that they may become the number 1 choice for investors of the future.<\/li>\n<\/ul>\n\n\n\n
See Related:<\/em><\/strong> Huobi Issues Large-Scale Layoffs, Cancels Bonuses In A Tactical Movement?<\/a><\/p>\n\n\n\n
\n
Following Huobi's announcement, the crypto market had a \"bloody\"<\/em> week. The value of the 33 tokens quickly dropped from 3%-5% in 24 hours on average, according to CoinMarketCap.
<\/li>\n\n\n\n
The investors of this platform seem satisfied with Huobi's actions. For them, this move is like a \"purge\" <\/em>of the exchange. They will have many opportunities to approach potential projects more effortlessly. Mr Liu Kim, a Singaporean investor, said: \"In the past, Huobi was like a market selling all kinds of goods. I believe this action will be Huobi's blood change, focusing on quality instead of quantity\"<\/em>.<\/li>\n<\/ul>\n","post_title":"Huobi Purges 33 Tokens From Its Exchange In A Single Day","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-purges-33-tokens-from-its-exchange-in-a-single-day","to_ping":"","pinged":"","post_modified":"2023-01-17 22:19:29","post_modified_gmt":"2023-01-17 11:19:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9403","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":9203,"post_author":"16","post_date":"2023-01-05 01:26:28","post_date_gmt":"2023-01-04 14:26:28","post_content":"\n
2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless bear market. In early 2023, Huobi announced it was laying off 400-600 employees to cut wages in certain departments.<\/pre>\n\n\n\n
\n
Journalist Colin Wu<\/a> posted on his personal Twitter page, stating that Justin Sun's Huobi<\/a> exchange would cancel all bonuses for its employees, reduce the salaries of some key employees and issue large-scale layoffs for almost half of the company's employees using letters of dismissal. <\/li>\n<\/ul>\n\n\n\n
\n
Sun announced<\/a> that this action would change Huobi's staff, \"By hiring more female employees, we hope not only to create a more balanced and fair workplace but also to foster a more inclusive and welcoming environment for all members of the crypto community. We believe that this will have a positive impact on the industry!\"<\/em> <\/li>\n<\/ul>\n\n\n\n
See Related: <\/strong><\/em>Justin Sun Deploys A Pathway Out For TRON Tokens On FTX<\/a><\/p>\n\n\n\n
\n
After his announcement, there were many opinions on Justin Sun's personal Twitter page, and some\u00a0said that this step would be the foundation for Huobi to develop as the young CEO's plan, while others opinion is that this act of the founder of TRON was complete nonsense and immoral to take away many people's bread at the end of the year.<\/li>\n<\/ul>\n\n\n\n
\n
This move has been seen as a tactical one, as Huobi is attempting to remain competitive in the ever-changing crypto market. Many believe that the layoffs were necessary for the company to remain competitive and focus on its core business, ensuring Huobi remains profitable.<\/li>\n<\/ul>\n","post_title":"Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"huobi-issues-large-scale-layoffs-cancels-bonuses-in-a-tactical-movement","to_ping":"","pinged":"","post_modified":"2023-01-05 01:27:19","post_modified_gmt":"2023-01-04 14:27:19","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=9203","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":8247,"post_author":"12","post_date":"2022-11-10 22:55:35","post_date_gmt":"2022-11-10 11:55:35","post_content":"\n
With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of the situation he has found himself in.<\/p>\n\n\n\n
\n
H.E. Justin Sun, founder and CEO of TRON announced on Twitter to all TRON token holders on FTX that a solution is being put forward to initiate a pathway out. The tokens included in the escape plan include TRX, BTT, JST, SUN, and HT.<\/li>\n<\/ul>\n\n\n\n
\n
Sun believes<\/a> that \"the ongoing liquidity crunch, despite short term in nature, is harmful to the industry development and investors alike,<\/em>\" this comes after the backlash that was witnessed by investors worldwide caused by Terra LUNA's multi-billion-dollar crash<\/a>.<\/li>\n<\/ul>\n\n\n\n
\n
Sun has tweeted that holders of the tokens listed above are now able to trade these assets on FTX, although there is no mention of withdrawals as of yet. \"This is only the initial step taken towards a wholistic solution that is being crafted to resuscitate and return to normalcy for all FTX users,\"<\/em> says<\/a> Sun.<\/li>\n<\/ul>\n\n\n\n
\n
Despite the good news, the tweet doesn't hint at any bailout for tokens not listed by Sun. So the ongoing liquidity issue is still something that will need to be addressed for all other users.<\/li>\n<\/ul>\n\n\n\n
See Related: <\/em><\/strong>From Bad To Good To Worse: The Binance And FTX Saga<\/a><\/p>\n","post_title":"Justin Sun Deploys A Pathway Out For TRON Tokens On FTX","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-deploys-a-pathway-out-for-tron-tokens-on-ftx","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/the-terrable-fate-of-ust-and-its-sister-coin-luna\/","post_modified":"2023-04-10 18:41:14","post_modified_gmt":"2023-04-10 08:41:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=8247","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5717,"post_author":"1","post_date":"2022-06-18 23:02:01","post_date_gmt":"2022-06-18 13:02:01","post_content":"\n
USDD is an algorithmic-based stablecoin<\/a> that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 for 5 days.<\/p>\n\n\n\n
In a tweet<\/a> from the TronDao Reserve which backs USDD, they state that USDD is not depegged from the US Dollar as certain percentages of volatility are unavoidable.<\/li><\/ul>\n\n\n\n

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

Justin Sun

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

The stablecoin allows P2P transfers without paying gas fees. Sun expects the stablecoin solution to be a game-changer in blockchain ...

by Eric Nkando
July 23, 2024

Altcoins

Binance US Drops Tron’s TRX, Causing A Sharp Plunge In Prices

The platform said the token no longer meets its ‘standard of excellence.’’ Support for TRC-20 USDT and USDC on the ...

by Jared Kirui
April 13, 2023

Business

Huobi Purges 33 Tokens From Its Exchange In A Single Day

Huobi removed tokens rated as having a "lack of potential", violating platform regulations, high trading risk, and low trading volume. ...

by Quân Lee
January 17, 2023

Business

Huobi Issues Large Scale Layoffs, Cancels Bonuses In A Tactical Movement?

2022 was a tough year for the crypto market as countless companies and exchanges were forced out of the ruthless ...

by Quân Lee
January 5, 2023

Altcoins

Justin Sun Deploys A Pathway Out For TRON Tokens On FTX

With the recent liquidity crunch faced by prominent cryptocurrency exchange FTX, Sam Bankman-Fried is looking for a way out of ...

by Daniel Stergiou
November 10, 2022

Stablecoins

TronDAO Claims USDD Is Not Depegged

USDD is an algorithmic-based stablecoin that is pegged 1:1 with the US Dollar. Although, USDD has been trading under $1 ...

by The Distributed Team
June 18, 2022

Stablecoins

USDD Algorithmic Stablecoin Remains Depegged After Two Days

$USDD launched by Tron at the beginning of 2022 depegged from its 1:1 peg with the US Dollar on the ...

by The Distributed Team
June 15, 2022

Industry Headlines

TRON Has a Record-Setting Month

Geneva, Switzerland TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, ...

by Chainwire
June 2, 2022

Most Read

Adoption

Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum

July 23, 2024

Artificial Intelligence

Introducing Gemini 2.0: Google’s Most Capable Model That Can Power AI Agents

December 19, 2024

Artificial Intelligence

Introducing Gemini Live: Google’s New AI Feature That Allows Real-Time Conversations

August 15, 2024

Banking

Indian Central Bank’s Cloud Computing Venture Aims To Democratize Financial Technology

November 24, 2024

Artificial Intelligence

Microsoft Updates Microsoft Azure AI Studio: Introducing Microsoft Azure AI Foundry

November 24, 2024

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Type your email here

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS

ADVERTISEMENT

About The Distributed

Terms

Contact

Privacy

Editorial

Careers

RSS Feed

© 2023 The Distributed

No Result

View All Result

Cryptocurrencies

Adoption

Altcoins

Bitcoin

Blockchain

Business

Decentralized Finance

Ethereum

Hacks

Crypto Markets

NFTs

Regulation

Scams

Stablecoins

Finance

Banking

Central Banks

Financial Markets

Technology

Artificial Intelligence

Cyber Security

Metaverse

Web3

Learn

The Coins

The Future

The Innovations

The Technology

Tools

Cryptocurrency Market

Stock Market

Economic Calendar

Research

Reviews

Exchanges

Wallets

Headlines

About Us

Contact Us

© 2023 The Distributed

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.