In response to The Block's report on Sun's withdrawal of BTC collateral from USDD, Sun responded on the X platform: "USDD is a decentralized stablecoin protocol that has nothing to do with anyone's name, just like Satoshi Nakamoto created Bitcoin, but Bitcoin does not belong to Satoshi Nakamoto."
Previously, Tron DAO Reserve on Wednesday withdrew about $750 million worth of bitcoins that were previously used to support the USDD stablecoin. Tron founder Justin Sun said users need not worry, explaining that the move is to improve capital efficiency, as USDD's previous long-term collateral rate exceeded 300%.
Sun Yuchen responded to the withdrawal of BTC collateral from USDD: USDD does not belong to anyone
2024-08-23 12:34:51
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