Bitcoin24h $67,440.81-0.97%

Ethereum24h $1,968.90-0.44%

BNB24h $621.72-1.20%

XRP24h $1.36-0.19%

Solana24h $83.08-2.00%

TRON24h $0.2865+0.60%

Dogecoin24h $0.0901-1.02%

Cardano24h $0.2553-1.24%

Bitcoin Cash24h $451.26+0.55%

UNUS SED LEO24h $9.05+0.09%

Is USDC preparing for a Justin Sun sanction?

USDC issuer Circle has announced that it would no longer be continuing support for the stablecoin on Justin Sun’s TRON blockchain.

Justin Sun’s love affair with Ayn Rand continues

Tron founder Justin Sun has continued to take inspiration from the works of American author Ayn Rand when naming his shell companies.

TrueUSD has de-pegged across both centralized exchanges and DeFi after switching accounting firms for attestations.

It’s not known when Sun will appear in court and it’s likely that his legal team will request another extension and subsequent delay.

HTX has been including ‘collateral’ for the USDD algorithmic stablecoin in its reports, raising concerns about solvency.