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TheBlock 2022-11-26 06:12:42

Layer by Layer: Tron Takes Advantage of FTX Fiasco

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding The Tron network recently garnered attention from Tron’s unexpected, last-minute deal with FTX to facilitate limited withdrawals in the final days of the exchange Tron’s algorithmic stablecoin USDD has seen heightened volatility amidst market fears of instability at widely trusted crypto institutions At the same time, Tron’s role in the stablecoin ecosystem continues to grow as it becomes the largest source of USDT supply

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