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USDD’s TRON DAO Reserve shuts down its DAO

USDD, a Justin Sun-affiliated stablecoin, purports to be governed by the TRON DAO Reserve, but in actuality, no DAO exists.

Wrapped Bitcoin hides bitcoins for WBTC on Tron

Wrapped Bitcoin has removed WBTC on Tron from its dashboard where it provides proof-of-reserves for the various forms of the token.

Poloniex has a page on its website titled ‘Proof of Reserves,’ but this only shows how much Tron is on the platform.

Despite Sun and USDD’s claims that it is governed by a DAO, there are no governance votes that seem to correspond to the change.

Sun is apparently keen to start a billion-dollar fund to save the entire crypto space in the midst of a 20% drawdown of most tokens.