Justin Sun, the founder of Tron and a member of the Huobi board, minted $815 million in TUSD stablecoin on September 15, 2023. The newly minted TUSD was replaced by stUSDT and deposited into JustLend, a lending platform on the Tron blockchain.
Sun's minting of TUSD raised concerns in the cryptocurrency community, as TUSD is a relatively unknown stablecoin with a low market capitalization. Some people speculated that Sun was minting TUSD in order to manipulate the market or to cover up losses on his other investments.
Sun has denied these allegations, saying that he minted TUSD in order to support the Tron ecosystem and to provide users with more liquidity. However, many people remain skeptical of Sun's motives, and the full implications of his minting of TUSD are still unknown.