TrueUSD price

STABLECOINS, SCANDALS & SUN’S $50M BOUNTY Tron’s Justin Sun compares First Digital Trust’s alleged $456M unauthorized TUSD transfer to the FTX collapse—calling it "significantly worse." He claims the funds were funneled to a shady Dubai firm without client consent. Sun is offering a $50M bounty to recover the assets and defend Hong Kong’s reputation. FDT, however, denies insolvency and says it’ll pursue legal action, calling the claims malicious. Will this reshape trust in stablecoins and prompt tighter oversight? Source: @BTCTN

.@launchy_ newsletter - April 4, 2025 • Sun v. FDT: Behind the $456M TUSD Bailout & Legal Firestorm • Paradigm CTO Questions Solidity’s Future • HBAR Foundation and OnlyFans Founder Bid to Acquire TikTok and many more

Congratulations on USDD minting volume surpassing 300 million! TRON stablecoin enters a new phase 🎉 Habitually, the first thing I do upon waking is to review TRON's data. Just opened the USDD official website and found that the minting volume has officially exceeded 300 million! This marks a new phase for TRON's ecosystem stablecoin and further proves the market's recognition of USDD. From February until now, USDD's pace has become increasingly stable. Let's look back at USDD 2.0 launched in February this year, featuring a high APY + over-collateralization combo, offering up to 20% annual subsidy, which is particularly attractive in the current market environment where stablecoin yields are generally weak. From the data, in just two months, USDD's market cap has steadily grown to $330 million, and the minting volume has successfully surpassed the 300 million mark, with a growth rate and number of participants far exceeding market expectations. PSM lossless exchange + Justin Sun's $500 million support, USDD's stability is more solid. Compared to other stablecoins, one significant advantage of USDD is the PSM (Peg Stability Module) exchange mechanism—users can exchange USDT 1:1 without loss through TRON's official channels, greatly enhancing USDD's liquidity and "exchangeability." Meanwhile, TRON's ecosystem and Justin Sun's financial backing are there to support it. Recently, TUSD fell into a liquidity crisis due to reserve issues, and Justin Sun decisively injected $500 million to aid, stabilizing market sentiment. This move not only demonstrates his long-term confidence in the stablecoin market but also indirectly strengthens external trust in USDD. USDD is not fighting alone; it is a "serious project" with a team, channels, and real money. Surpassing 300 million is just the beginning. Breaking the 300 million minting volume is an important milestone, but not the end. The next exciting thing is how USDD will integrate into more application scenarios. The true value of a stablecoin is not just in pegging and minting, but in whether it can be used, circulated, and relied upon. However, from the current trend, USDD has already found its own rhythm. While others are still discussing "whether it can be stable," USDD is already expanding its territory. TRON now is not just catching up but defining its own stablecoin logic. @justinsuntron @usddio #TRONEcoStar