According to ChainCatcher, River has announced that Justin Sun, founder of TRON and advisor to HTX, has made a strategic investment of $8 million in River to facilitate the integration and deployment of River's chain-abstract stablecoin infrastructure on TRON.
River's stablecoin, satUSD, can be minted at a 1:1 ratio with USDT, USDD, or USD. It supports cross-chain assets as collateral and is planned for use in liquidity mining and lending on platforms such as SUN.io and DeFi JUST. The first entry point is native sTRX staking rewards.
