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Ethereum24h $2,143.02+1.23%

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TRON24h $0.3149+0.90%

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Hyperliquid24h $36.53-1.86%

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Justin Sun’s graveyard of abandoned crypto projects

Justin Sun has launched and endorsed a huge number of cryptocurrency projects, and many have since been abandoned.

Justin Sun’s USDD has problems

USDD, the Justin Sun-founded stablecoin, has abandoned its DAO, rebuilt its collateral system, and has highly concentrated holdings.

Justin Sun’s USDD is receiving most of its assets from HTX and is depositing them into new vaults launched without approval from a DAO.

USDD, a Justin Sun-affiliated stablecoin, purports to be governed by the TRON DAO Reserve, but in actuality, no DAO exists.

Justin Sun has announced that USDD 2.0 is launching soon, but details about what this new version will entail are sparse.