menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Tron’s Jus...
source image

Cryptopotato

1w

read

8

img
dot

Image Credit: Cryptopotato

Tron’s Justin Sun Allegedly Provided Emergency Loan to Stabilize TUSD Stablecoin

  • Tron founder Justin Sun provided an emergency loan to stabilize TrueUSD (TUSD) stablecoin.
  • TrueUSD's reserves faced a liquidity crisis after funds were diverted into illiquid investments.
  • Techteryx turned to Justin Sun for help, and he provided emergency funding to quarantine troubled reserves.
  • Techteryx assumed full control of TUSD, ending TrueCoin's role in the stablecoin's operations.

Read Full Article

like

Like

For uninterrupted reading, download the app