May 9, 2022

Tron Burns 125 Million TRX Coins 

Tron network burns 125,493,493 TRX coins worth over $11 million.

The net production ratio of TRX is less than zero.

Tron has recently introduced a stable coin called USDD.

$1 worth of TRX is getting burned with each USDD.

This project started in 2018. At present, the blockchain is expecting higher burn rates.

This is due to the arbitrary swap mechanism at the core of the stable coin.

Is this whole mechanism reliable?