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USDD is a Justin Sun-founded stablecoin that advertises a 20% yield paid to users who are willing to lend the token. Over its several years of existence, it has destroyed its DAO, abandoned its roadmap, and has highly concentrated holdings. Even now, there are two separate protocols that exist, both with hundreds of millions in circulating supply and substantial differences in how they function. Both also raise serious concerns about Sun’s role and about how these coins are managed. USDD 1.0 USDD was launched as an algorithmic stablecoin modeled after the Terra/Luna system but paying even higher unsustainable interest rates to users. However, the coin quickly abandoned its original roadmap to be integrated into the core of the TRON network and become a strangely collateralized stablecoin operated in concert with several partners, including the fraudulent trading firm Alameda Research. It also advertised that it was governed by a decentralized autonomous organiz...

Liberland has delayed the bridge that will allow traders to move the Liberland LLD token onto Justin Sun’s TRON blockchain for a second time, citing “reasons” for the delay.  According to the micronation’s X account, “For reasons, the TRON bridge will be delayed for a few more days.” It was already delayed last Friday, with Liberland saying, “The developers were complaining about the dangers of deploying on Friday.”  For reasons, the TRON bridge will be delayed for a few more days. Hey, what did you expect? We are the most efficient government of a country, but still a government, so our project delays are measured in days instead of years pic.twitter.com/HTyzCWMTce — Liberland (@Liberland_org) March 3, 2025 Read more: Justin Sun elected prime minister of Liberland for a second time “‘Move fast and break things’ is no longer in fashion, huh?” it said before moving the launch to Monday. The TRON bridge may also represent a conflict of interest...

Justin Sun’s Tron has been making headlines lately. The asset went on to surge to a high of $0.4407. This spike shook the entire market as the altcoin has faced backlash for its sluggish movement in the past. But TRX’s latest surge has instilled the possibility of a potential rise towards the $1 zone. Also Read: Chainlink Doubles Investor’s Money: Should You Invest in LINK Now? Tron’s TRX Surges By 80% Over the past 24-hours, TRX witnessed a nearly 80% uptick. At press time, the asset recorded a slight setback. The altcoin was trading at $0.3908 following a 66% increase. Tron’s cryptocurrency is currently 9.48% below its peak. Source Through this, Tron has entered the top ten and is currently trading as the tenth-largest cryptocurrency in the market. The altcoin’s market cap presently sits at $33.66 billion. In addition, the daily volume of the asset saw a notable 529% sike and was $14.56 billion. A boost in volume during a bull run reinforces the upward mo...

The Tron price dropped 6% in the last 24 hours to trade at $0.1564 as of 6.15 a.m. EST on trading volume that dropped 18% to $1.5 billion. The Tron price has dropped even as CEO Justin Sun predicts that the project’s revenue could hit $4 billion in the next 12 months. He said that the revenue will be driven by its new meme coin strategy for the Tron network, with the TRX price potentially rising to $0.30. Conservatively, in the next 12 months, TRON’s total revenue could hit $3 billion, with $1 billion burned and $2 billion given as rewards to stakers and for transaction subsidies. If the meme strategy succeeds, it could reach $4 billion. https://t.co/huuInHuMaN — H.E. Justin Sun 孙宇晨(hiring) (@justinsuntron) August 21, 2024 However, while TRX did rise to $0.1651, hitting this level only yesterday, its price has corrected to $0.15 since. Right now, the wider crypto market is experiencing another bullish trend, but many cryptos, including TRX ...

The Bitcoin price dropped 4% in the last 24 hours to trade at $58,348 as of 03:34 a.m. EST on trading volume that surged 87% to $27 billion. This comes as Justin Sun’s WBTC custody move sparks controversy in crypto after his partnership with BitGo. The partnership has prompted the community to prompt decentralization concerns. However, Sun has clarified that he does not control the private keys of WBTC reserves. He emphasizes his commitment to promoting decentralization and security in the DeFi ecosystem. Recently, I've heard that the community has some concerns about my involvement in various projects, including WBTC. I would like to clarify the following points: There have been no changes to WBTC compared to before. The audits are conducted in real-time and can be accessed via… — H.E. Justin Sun 孙宇晨 (@justinsuntron) August 10, 2024 As concerns prevailed, the price of Bitcoin dropped below $58K to trade at $57,963 before rebounding to it...

Circle, the company that issues USDC, announced on February 20 that it would no longer be continuing support for the stablecoin on the TRON blockchain and is pushing for a phased transition away from the Justin Sun-created crypto by February next year. This gives users exactly one year to transfer any USDC they hold on the TRON blockchain to one of the other blockchains that USDC is issued on. These include Ethereum, Solana, Algorand, and 11 other blockchains. Circle has already scrubbed TRON as a supported ecosystem on its website. The sudden move could also be seen as a shot at Tether (USDT), the largest stablecoin by market cap and volume. Tether has, according to its own transparency page, issued more than half of its stablecoins on the TRON blockchain. This equates to Tron g>$52 billion worth of crypto Tron g>. Tether’s growth and profits continue to dwarf Circle Read more: Circle emphasizes that Justin Sun is not sanctioned… yet Circle didn’t expand on why it...