The TronDAO announced via a tweet on Monday that the total supply of its USDD stablecoin has now surpassed $240 million. Furthermore, the community has burned more than 3 billion TRX tokens over the past few days.
TRON is a public blockchain attempting to become the core infrastructure for a decentralized internet. TRON relies on a Delegated Proof-of-Stake (DPoS) mechanism in which 27 Super Representatives rotate every 6 hours to validate blocks and transactions.
TRX is up by more than 5% so far today and is trading at $0.08459 at press time.