ChainCatcher news, according to a report by The Block, Tron DAO Reserve withdrew approximately $750 million worth of Bitcoin on Wednesday, which was previously used to support the USDD stablecoin. Tron founder Justin Sun stated that users need not worry, explaining that this move is aimed at improving capital efficiency, as USDD's previous long-term collateralization rate exceeded 300%.Currently, USDD is primarily backed by Tron’s native token TRX. Sun compared the mechanism of USDD to MakerDAO's DAI, emphasizing its security.At present, the circulation of USDD is approximately $744 million, making it the seventh largest stablecoin. Although official data indicates that its collateralization rate exceeds 230%, third-party institution Bluechip estimates that the actual collateralization rate may be only 53%.

ChainCatcher message, the Neutron DAO community of the cross-chain smart contract platform has initiated a proposal to transfer approximately 42,727,950 unclaimed NTRN tokens to the Cosmos Hub community fund pool, with voting ending on October 27.

ChainCatcher news, TRON DAO's investment department TRON DAO Ventures has purchased $2 million worth of CRV tokens as an investment in Curve. As part of the strategic partnership, Curve will launch on the TRON and BTTC networks.

ChainCatcher news, according to The Block, Tron DAO and Justin Sun have applied to contribute to the Binance Industry Recovery Fund. Tron DAO explained their absence from the supporters listed in yesterday's announcement by stating that they were unaware of the announcement, have applied to join the program, and will receive a response soon. (Source link)

ChainCatcher news, TRON DAO Reserve announced that in order to protect the entire blockchain industry and the crypto market, TRON DAO Reserve will purchase $10 million worth of TRX. (Source link)

ChainCatcher news, Sun Yuchen stated on Twitter that Tron DAO, Huobi, and Poloniex will participate in the industry recovery fund established by Binance to help builders and development teams alleviate the crisis.Previously, Binance founder Zhao Changpeng tweeted, "To mitigate the further cascading negative effects of FTX, Binance is establishing an industry recovery fund to assist projects that are performing strongly in other aspects but are facing liquidity crises. More details will be released soon. If you believe you qualify, please contact Binance Labs, and we also welcome collaboration and investment from other industry participants with cash." (source link)

ChainCatcher news, TRON DAO Reserve announced that in order to protect the entire blockchain industry and the cryptocurrency market, TRON DAO Reserve will mint 170,000,000 USDC on TRON. (Source link)

ChainCatcher message, TRON DAO Reserve announced that in order to protect the entire blockchain industry and the crypto market, TRON DAO Reserve will purchase a total of 1 billion USDT, and all reserves will be stored in CEX. (Source link)

ChainCatcher news, TRON DAO stated on Twitter that Dominica has designated Tron as its national blockchain infrastructure and will issue the fan token Dominica Coin (DMC) based on Tron, which aims to support Dominica's tourism industry. Dominica's Prime Minister Roosevelt Skerrit stated that the collaboration with Tron will help small countries, including Dominica, integrate into the global economy. (source link)