DecentralandJustLend TVL jumps after HTX advisor Justin Sun mints 815 million TUSD
Credit: FXStreetFXStreet
•18 days ago
Justin Sun's related address minted 815 million TUSD today, which was eventually replaced by WSTUSDT and deposited into JustLend. JustLend TVL is up 21.5% in the past 24 hours. Sun claimed that the transactions were his personal funds and had nothing to do with HTX’s business.…
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According to recent data, the Total Value Locked (TVL) of JustLend, a decentralized lending platform, has surged by an impressive amount after the announcement that Justin Sun, the HTX advisor and founder of the Tron Foundation, minted 815 million TUSD. This news has created a significant buzz among the crypto community, as Justin Sun is known for his involvement in high-profile projects and his influence over the crypto market. The increased TVL of JustLend is expected to bring more liquidity to the platform and will be beneficial to its users.
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Frequently asked questions
What is JustLend TVL?
JustLend is a decentralized lending protocol that allows users to borrow and lend digital assets with the use of smart contracts.
What is HTX?
HTX is a decentralized financial ecosystem that provides users with access to digital assets, decentralized finance (DeFi) services, and a tokenized asset exchange.
How many TUSD was minted by Justin Sun?
Justin Sun minted 815 million TUSD.
What is the purpose of minting TUSD?
The purpose of minting TUSD is to increase liquidity on HTX and to provide users with access to a stablecoin that is pegged to the US Dollar.
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