According to Foresight News, citing CoinDesk, sources confirmed that after Techteryx's nearly $500 million reserves became illiquid, Justin Sun came to the rescue of the company's TrueUSD stablecoin. Hong Kong court documents state that due to TrueUSD's reserves being trapped in non-redeemable investments, its balance sheet showed a $456 million gap between 2023 and early 2024. These investments were reportedly essentially illiquid, involving loans for resource development projects in emerging markets. Although TRON founder Justin Sun publicly maintained distance from the stablecoin, serving only as an advisor, he provided critical funding to stabilize TUSD and maintain user confidence during liquidity and reserve volatility.
Insider: After TUSD’s reserve fund gap of $456 million, Justin Sun stepped in to help maintain stability
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