Justin Sun Praises Hong Kong’s Focus on Web3 Development

Apr 9, 2023

Justin Sun, the founder of the Tron blockchain, has expressed support for Hong Kong’s commitment to Web3 development despite recent market uncertainty. Sun praised the city’s long-term vision and embrace of innovation in a tweet, stating that Tron would continue to contribute to the economy.

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https://www.investing.com/news/cryptocurrency-news/justin-sun-praises-hong-kongs-focus-on-web3-development-3051379

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$USDD holders remain unfazed despite market volatility in Q1'23.

Key Insights Despite falling transaction volume of USDD, the number of holders consistently remained above 130,000 in Q1’23. The on-chain stablecoin reserves for USDD have now been entirely removed, leaving only BTC and TRX deposits to back the stablecoin. The non-TRX on-chain collateral ratio is 0.55, and the collateral ratio including TRX is 1.54. Despite a more volatile quarter for most stablecoins, USDD actually had one of its least volatile quarters. However, it continued to trade below peg and ended the quarter making up 79% of the USDD/3CRV pool on Curve. Read the full report here: https://messari.io/report/state-of-usdd-q1-2023 #Messari

Apr 5, 2023