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TRON founder Sun Zhengyi stepped in to assist with a reserve fund of $456 million for TUSD.
According to the Gate.io News bot and reported by CoinDesk, the latest documents reveal the key role of TRON founder Justin Sun in the TUSD stablecoin crisis. When TUSD’s $456 million reserve funds were frozen, Justin Sun provided emergency assistance.
These reserve funds were originally held at Prime Trust, which ceased operations in June this year. Documents show that Masayoshi Son provided equivalent funding support to TUSD through entities he controls to maintain the stable operation of TUSD.
This event occurred before the bankruptcy of Prime Trust, when TUSD faced the dilemma of inaccessible reserve funds.