Tron’s Justin Sun Allegedly Provided Emergency Loan to Stabilize TUSD Stablecoin
Tron founder Justin Sun quietly intervened to stabilize TrueUSD (TUSD) stablecoin after its reserves faced a significant liquidity crisis despite publicly distancing himself, according to recent Hong Kong court filings. Techteryx, which acquired TrueUSD in December 2020, entrusted First Digital Trust (FDT), a fiduciary based in Hong Kong, with managing TUSD’s reserves. However, court documents…