Justin Sun: The collaboration between TRON and Curve has brought liquidity to stUSDT.

Bitget2023/12/13 05:12

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According to official information, TRON founder Justin Sun stated during his online participation in the Mr. Block Taipei event that TRON's collaboration with Curve has brought liquidity to s tUSDT.

Justin Sun emphasized that as a leading stablecoin AMM protocol, Curve recently launched the crvUSD/stUSDT mining pool, greatly unleashing the development potential of stUSDT on the Ethereum network. This makes it more convenient for users to trade stUSDT on the Ethereum network and increases demand for stUSDT to some extent while providing additional use cases for tokenizing RWA assets.

As of now, the total amount of stUSDT pledged has reached $2.29 billion USD, with an APY reaching 4.72%, and daily income from protocols exceeding $200k USD. Despite being live less than a year, it ranks among top ten in TVL within DeFi protocols. It is reported that stUSDT is the first RWA protocol based on rebase and is currently operated by decentralized platform JustLend DAO.

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