TronDAO injects $300 million in USDC to reserves
As per the official announcement shared by TronDAO on its Twitter account, it added another portion of liquidity into USDD reserves. A total of $300 million in USD Coin (USDC) equivalent was transferred to its reserves pool.
After this transfer, the collateral rate (the ratio between the value of a stablecoin’s liquid supply and its reserves) smashed through the 300% milestone.