Justin Sun makes a strategic investment of $8 million in River to support the deployment of stablecoin infrastructure on the TRON ecosystem.
PANews reported on January 22 that, according to River's official announcement, TRON founder and advisor to a certain exchange, Justin Sun, has made a strategic investment of $8 million in River to promote the integration and deployment of River's chain abstraction stablecoin infrastructure on TRON. The stablecoin satUSD launched by River can be minted 1:1 with USDT, USDD, or USD1, supports cross-chain assets as collateral, and is planned to be used for liquidity mining and lending on platforms such as SUN.io and DeFi JUST. The first entry point will be native sTRX staking yields.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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