Posted 9/16/2023, 3:46:55 PM

Justin Sun Mints $865M in TUSD Stablecoin, Deposits to His TRON DeFi Platform Amid Fraud Allegations

Justin Sun minted $865M worth of TUSD stablecoin and converted it to stUSDT tokens.
Sun's on-chain activity has raised concerns about TUSD reserves and collateralization.
Sun deposited the stUSDT tokens into his TRON-based DeFi platform JustLend.
TUSD adoption has slowed recently after Binance reintroduced fees on TUSD trades.
Sun faces civil charges related to fraud in the US but denies the allegations.

beincrypto.com

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