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Justin Sun Injects Fresh $815M Worth of TUSD Into Circulation


Justin Sun Injects Fresh $815M Worth of TUSD Into Circulation

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  • Justin Sun minted $815 million in TUSD stablecoins on Friday, September 15, 2023.
  • The newly minted TUSD was replaced by stUSDT and deposited into JustLend.
  • JustLend’s total value locked (TVL) rose by 21.5% in the past 24 hours.

Justin Sun, a member of the HTX board, minted $815 million in TUSD stablecoins on Friday, September 15, 2023. According to reports, the newly minted TUSD was replaced by stUSDT and deposited into JustLend, enabling JustLend’s total value locked (TVL) to rise by 21.5% in the past 24 hours.

In a recent post on X (formerly Twitter), the famous Chinese crypto reporter Colin Wu noted that Sun claimed the transactions were personal and had nothing to do with HTX’s business.

The transaction details first appeared on Tronscan last Friday at 11:45 …

The post Justin Sun Injects Fresh $815M Worth of TUSD Into Circulation appeared first on Coin Edition.

Read the article at CoinEdition

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