Bitcoin

TRON

USDD

<ul><li>USDD removed 12,000 Bitcoin from its collateral without a Tron DAO governance vote.</li><li>Justin Sun says the collateral removal aligns with DeFi rules as per collateral rates.</li><li>The sole vote in the DAO&#39;s history addressed unrelated matters, further sparking debates.</li></ul>The decentralized stablecoin USDD, launched on Tron, has undergone a significant adjustment to its collateral backing. Arkham Intelligence, an analyst firm <a href="https://platform.arkhamintelligence.com/explorer/address/1KVpuCfhftkzJ67ZUegaMuaYey7qni7pPj" rel="noopener noreferrer nofollow">reported</a> that approximately 12,000 Bitcoin, previously held as part of USDD’s collateral, have been removed without a governance vote. This has led to concerns about the coin’s decentralization claims.<h2 id="header-0">Collateral Change Raises Questions</h2>USDD’s transparency page once listed an address holding around 12,000 BTC, valued at $729 million. The Bitcoin was quietly withdrawn from the collateral on August 19. Despite frequent claims that USDD is governed by the Tron DAO Reserve, no official vote was held to approve the change. Only one vote has occurred within the DAO’s history, in May 2023, addressing the use of burned TRX tokens for the stablecoin.Notably, the recent removal of <a href="https://cryptotale.org/bitcoin-soars-as-bnb-doge-trade-in-green-mcap-hits-2-26t/" rel="noopener noreferrer nofollow">Bitcoin</a> has raised concerns among observers, some of whom allege that <a href="https://cryptotale.org/tron-surges-22-as-sunpump-sparks-meme-coin-frenzy-report/" rel="noopener noreferrer nofollow">Tron</a> founder Justin Sun is responsible. Others question the transparency of the Tron DAO Reserve’s governance mechanisms. However, despite these allegations, there is no direct evidence linking Sun to the move.<a href="https://cryptotale.org/tron-removes-12000-btc-from-usdd-collateral-without-vote/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Tron Removes 12,000 BTC from USDD Collateral Without Vote

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