BlockDAG News: BDAG at $28.5K FDV, TURBO Token, and USDT-Pegged Stablecoin

BlockDAG’s latest news is centered on three products: deeply discounted BDAG token sales, a new TURBO ecosystem token, and a USDT-pegged stablecoin planned for June 1.

The campaign marks another major price reduction for BDAG. After multiple previous price cuts during the presale and aftersale phases, the team is now advertising a new all-time low BDAG price of $0.00000019.

BlockDAG previously promoted the token sale at valuations in the billions of dollars during its long-running presale campaign. However, with a maximum supply of 150 billion BDAG, the newly advertised $0.00000019 price implies a fully diluted valuation (FDV) of $28,500, a sharp decline from the valuations previously associated with the token.

TURBO Token Adds a Second Asset to the BlockDAG Ecosystem

Alongside the BDAG sale campaign, BlockDAG introduced a separate token called TURBO.

The project describes TURBO as a utility token designed for gaming, staking, NFT-related functions, VIP access, and rewards inside the broader BlockDAG ecosystem. The team said the token would launch through a 10-stage presale starting at $0.0005, with a launch price of $0.04.

BlockDAG has also completed integration of TURBO into the Sparks platform, where users can spin for token multipliers and rewards using TURBO allocations. Promotional posts described payouts tied to slot-style spins and referral rewards paid in USDT.

Outside of the project’s own promotional material, little technical information about TURBO is currently available. No standalone whitepaper, tokenomics breakdown, circulating supply model, or independent audit could be located during review.

BlockDAG Announces USDT-Pegged Stablecoin Without Tether Confirmation

BlockDAG also plans to launch a stablecoin on June 1 that it says will be “fully pegged” to Tether’s USDT.

The project did not publish technical information about the new stablecoin, including how it maintains its peg, what backs the asset, or who controls issuance.

The new BlockDAG stablecoin could represent a wrapped or bridged asset, a synthetic token designed to track USDT’s price, or another internally managed stablecoin that uses liquidity pools or algorithmic mechanisms to maintain parity with USDT.

The structure currently appears more consistent with a wrapped or bridged version of USDT than with Tether-issued USDT minted directly by Tether on BlockDAG.

In a standard wrapped model, existing USDT is locked on another blockchain while a corresponding token is issued on the destination chain. Users redeem the wrapped asset by burning it and unlocking the underlying USDT. Official Tether integrations are usually accompanied by public announcements from Tether, along with details on custody, minting, and redemption infrastructure.

Tether has not published an announcement confirming a partnership with BlockDAG or authorizing an official USDT deployment on the network.