The USDD stablecoin issued by Tron has lost its Bitcoin (BTC) support by removing 12,000 Bitcoins from its collateral address. This change was made without an official announcement from Tron. Justin Sun (Justin Sub), the founder of Tron, considered this action normal. He claimed that USDD is not capital efficient and that its long-term collateralization rate is over 300%. Sun also announced his intention to upgrade USDD. USDD has a market capitalization of approximately $744 million and is now primarily backed by Tron (TRX), the native token of the Tron blockchain. The Tron ecosystem recently became the second largest blockchain TVL with a value locked of $8.2 billion.
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