Big Move
Earlier this week, the well-known founder of the Tron blockchain DAO ecosystem, Justin Sun, announced that he had swapped over $773,000 of Tron’s native stablecoin USDD.
Tron’s (TRX) Justin Sun, tweeted on Twitter on December 12, 2022, stating “Deploying more capital-steady lads.” It is similar to ones posted just before the Luna Terra crash dating back in May, by the fugitive Terraform Labs CEO Do Kwon.
Tron’s USDD is a decentralized stablecoin that is actually structured to be utilized similarly with the Terra’s UST design of mint-and-burn. Recently, the Seoul Southern District Prosecutors’ Office reported that they will coordinate with Serbia to detain the “most wanted” boss behind the loss of $40 billion.
Source: https://www.thecoinrepublic.com/2022/12/13/tron-founder-justin-sun-took-decision-on-stablecoin-usdd/