The Tron (TRX) with its new algorithmic stablecoin
TRON inventor Justin Sun says his new stablecoin, USDD will not collapse like LUNA thanks to an “algorithmic stablecoin reserve mechanism”.
In an interview with Zoom, he added: “ I still believe in algorithmic stablecoins. I don’t believe LUNA’s failure is because algorithmic stablecoins aren’t sustainable or feasible…. We can’t blame the algos for the failure of LUNA. »
Sun says USDD won’t work like first-generation stablecoins like Tether (USDT) or USD Coin (USDC) from Circle, but more like TerraUSD (UST).
TRON intends to keep the capitalization of USDD lower than that of TRX, no doubt for concerns of supply management and the week.
This stablecoin gives revival to Tron, which remains the only major crypto to remain green this May among the top cryptos.
StreamCoin is a new cryptocurrency. The project raised $11.7 million for its ICO. Before the end of May, the project plans to list it on more than 100 cryptocurrency exchanges.
STRM’s ICO attracted thousands of investors. According to a StreamCoin spokesperson, there are already over 100,000 separate crypto wallet addresses holding the STRM token.
Click here to learn more about StreamCoin.
Decentraland is on the verge of regaining its place as the first cryptocurrency of the metaverse, more than 100 million in capitalization separate it from the ApeCoin. No wonder the latter is on the decline, the use cases for this token are not as widespread as for MANA.
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The Decentraland (MANA) ecosystem continues to grow, with new collaborations being announced. Elrond (EGLD) has developed decentralized finance solutions for Decentraland.
Millennium Hotels and Resorts has launched the first virtual hotel in Decentraland. Visitors will be able to engage with avatars that guide them through the hotel metaverse, and users will also have the opportunity to earn bounties within the Decentraland ecosystem, according to Millennium.