He did this without approval from the TRON DAO quorum, as reported by X (Twitter) user Symbio. This has raised concerns within the community, as Sun’s actions could impact the stability of the asset and user trust.
Additionally, Symbio noted that most of the asset’s backing now consists of TRX tokens, which is confirmed by data from the official website. According to the portal, the USDD reserve includes 10.9 billion TRX and 18.9 million USDT, raising questions about the diversification and stability of the reserve in case of a decline in TRX’s value.
It is also stated that the asset is backed by 226.48%, with a total market capitalization of $744.2 million. However, some experts doubt that such a reserve structure can ensure the long-term stability of the stablecoin, especially in the volatile cryptocurrency market.
This event highlights the importance of transparency and community involvement in decentralized project governance and could signal the need to reconsider decision-making mechanisms in DAOs.
