On May 6, Tron United Reserves announced that Alameda Research has become its first member and whitelist organization, and has the right to mint the decentralized algorithm stablecoin USDD. USDD is a fully decentralized stablecoin supported by mathematical models and algorithms. The Fed aims to protect the global blockchain industry and the cryptocurrency market, prevent panic trading under extreme market volatility, and ease the long-term downward trend.

Alameda Research is an industry-leading market-making trading company that trades thousands of digital asset products, including all mainstream currencies and related derivatives, with its self-developed technology and rich cryptocurrency expertise. Since 2017, the company has worked tirelessly to build a global team and infrastructure capable of trading on major exchanges and markets.

The Federal Reserve plans to formulate and implement monetary policy and exchange rate policy, assume the responsibility of the lender of last resort for market participants, keep and issue financial reserve assets of major blockchain networks and blockchain financial institutions, control systemic risks, and maintain the entire market stability. The TRON Fed is committed to guiding the market by stipulating the benchmark interest rates of stablecoins in TRON and other blockchain networks, as well as releasing and tightening liquidity, and protecting the exchange rates of centralized and decentralized stablecoins on blockchains such as TRON Stable, and as the initial custodian to maintain the authority management of USDD, the price of USDD is guaranteed to be stable with encrypted currency reserve assets.

Justin Sun, founder of TRON, said: "We are very excited to announce that Alameda Research has become the first member of TRON's joint reserve and a white-listed institution. This industry-leading market-making trading company has a strong interest in further developing the USDD network and making full use of USDD. interest and deep expertise.”

Wave Fed official website: https://tdr.org/#/

Wave Fed official website: https://tdr.org/#/