On-chain data shows Justin Sun controls virtually all stUSDT

Around 99% of stUSDT is controlled by Justin Sun and Justin Sun-connected entities such as Huobi, despite lacking the promised DAO.
Around 99% of stUSDT is controlled by Justin Sun and Justin Sun-connected entities such as Huobi, despite lacking the promised DAO.
stUSDT, a form of staked tether invested in “real world assets” that pays yield to users, is highly centralized.