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Tron Founder Justin Sun on Stablecoins in Wake of Terra Collapse

Tron founder Justin Sun discusses his take on the Terra ecosystem in the wake of UST’s meltdown, the risks and benefits of algorithmic stablecoins, the impact of Tether’s USDT on the crypto markets and Tron’s stablecoin USDD. Plus, responding to financial crime allegations made by The Verge.

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Mercati

Justin Sun Talks USDD Stablecoin in Wake of LUNA/UST Unravel

The controversial crypto entrepreneur explains how an algorithmic stablecoin can still succeed while denying rumors he was behind the de-pegging of Terra’s failed UST.

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Video

Is Justin Sun's USDD Stablecoin a Copycat?

Crypto analysts took a stab at Tron Founder Justin Sun’s new algorithmic stablecoin decentralized USD (USDD), calling it a clone of Terra’s UST coin. "The Hash” group discusses Tron’s whitepaper being an alleged copy of Ethereum, the rapid growth of UST and signs of increasing algorithmic stablecoin adoption. 

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Bankoff’s Crypto Wallets Nearly Empty After Virtual Debit Card Provider Folds

The Delaware-registered company said Visa and Stripe cut it off for serving too many Russians, but on-chain data has stoked users' suspicions.

More than $8M worth of USDT passed through Bankoff's wallets since December 2020, but less than $2,000 remains.

Mercati

'Revolution' Promised by Tron's Justin Sun Looks Like Clone of Terra's Algorithmic Stablecoin

Tron, an Ethereum competitor blockchain, is the latest to launch an algorithmic stablecoin inspired by the success of Terra’s UST. It has lofty goals for USDD, but not much else.

(Unsplash, modified by CoinDesk)

Video

Huobi Exec on Crypto in China Following Crypto Ban

Huobi Financial Officer Lily Zhang discusses her crypto markets analysis and outlook, sharing insights into the state of digital assets in China following the country's crypto ban. Plus, the impact of rising rates on markets and reactions to Tron's Justin Sun announcing the launch of decentralized algorithmic stablecoin USDD.

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Mercati

Market Wrap: Bitcoin Rise Loses Steam After Fed Comments

Tighter monetary policy has been a headwind for stocks and cryptos, but indicators remain bullish over the short term.

(Lance Nelson/Getty images)

Finanza

Elon Musk ofrece comprar Twitter por $41.300 millones para privatizar la empresa

El fundador de TRON, Justin Sun, respondió en un tuit que ofrecería $60 por acción, en comparación con los $54,20 que propuso Musk.

GRUENHEIDE, GERMANY - AUGUST 13: Tesla CEO Elon Musk talks during a tour of the plant of the future foundry of the Tesla Gigafactory on August 13, 2021 in Grünheide near Berlin, Germany. The US company plans to build around 500,000 of the compact Model 3 and Model Y series here every year. (Photo by Patrick Pleul - Pool/Getty Images)

Finanza

Elon Musk Offers to Buy Twitter to Take Company Private

Tron founder Justin Sun responded by tweeting he would offer $60 a share, compared with Musk's $54.20.

GRUENHEIDE, GERMANY - AUGUST 13: Tesla CEO Elon Musk talks during a tour of the plant of the future foundry of the Tesla Gigafactory on August 13, 2021 in Grünheide near Berlin, Germany. The US company plans to build around 500,000 of the compact Model 3 and Model Y series here every year. (Photo by Patrick Pleul - Pool/Getty Images)

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Buyer of ‘Jack Dorsey Tweet’ NFT Is Out of Prison and Under Fire From Investors

Sina Estavi says he’s trying to make it right with holders of BRG, the token that crashed after his arrest in Iran last year. Investors have their doubts.

Bridge Oracle, Estavi’s crypto project, relaunched on Binance Smart Chain after the Tron network version collapsed. (Ammodramus/Wikimedia Commons)