#stusdt

[pavel-nosok]

ChainArgos: Justin Sun’s JustLend doesn’t send ‘stables’ where advertised

ChainArgos General Counsel Patrick Tan claims that Justin Sun and Huobi are conducting an ingenious scam involving the world’s largest stablecoin, tether (USDT). Specifically, Tan claims that Sun’s liquid staking token, stUSDT, is a “staking system that doesn’t send the stablecoins where they’re advertised.” Protos previously reported Sun’s multi-hundred-million dollar relationship with Tether…

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[pavel-nosok]

Justin Sun-linked stUSDT fuels RWA growth despite transparency concerns

Decentralized finance (DeFi) protocols have seen a substantial decrease in the total value of assets locked (TVL) on them in recent months due to the current bearish sentiments saturating the market. However, this decline has not impacted the Real-World Assets (RWA) subsector, which has experienced significant growth during the period, with its TVL  more than doubling, according to DeFillama…

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