Tron founder Justin Sun recently told Bloomberg that USDD (USDD) stablecoin would be modified in order to avoid a Terra-like collapse.
Sun said that overcollaterizing the algorithmic stablecoin would boost investor confidence.
Its reserve, which will be maintained with a collateral ratio of at least 130%, now includes a total of $1.37 billion worth of digital assets.
The controversial Tron founder confessed that the Terra collapse has sped up the planned upgrade.
The total supply of the stablecoin currently stands at $667 million, according to data provided by CoinGecko.
After the epic implosion of the $60 billion Terra ecosystem in early May, Tron emerged as the third-largest blockchain within the decentralized finance space (behind only Ethereum and BNB Chain). According to data provided by DefiLlama, its total value locked (TVL) has spiked above $6 billion. Tron has now overshadowed Avalanche and Solana.
