Tron DAO Launches its 'Terra Destroyer' Stablecoin on Multichain DEX

. Being backed by TRX and $10 billion in cryptocurrency assets, the exact composition of which is unknown, Tron DAO further announced the additional authorization of $1 billion in the next 10 days, starting from May 7.500 BTC and about 600 million TRX on May 10"to safeguard the overall blockchain industry and crypto market."While TRON's DAO plans resound throughout the crypto world, a fire is brewing in the backyard of the stablecoin sector.

Terra's recent collapse shocked the entire crypto community over the past couple of days. Even a potential venture capital-backed bailout has fallen through due to rumors. Another threat comes from the fact that none other than the U.S. Department of the Treasury may come to put out the flaming fire, with Treasury Secretary Janet YellenAccording to Ms. Yellen:"United States are dealing with a rapidly growing product that has inherent rapidly growing risks."

Nonetheless, it will be interesting to follow Tron DAO and Justin Sun's further steps, but for neutral spectators it seems better to be cautious and try not to get burned in the process.

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