🚨 𝐓𝐔𝐒𝐃 𝐂𝐫𝐢𝐬𝐢𝐬: 𝐉𝐮𝐬𝐭𝐢𝐧 𝐒𝐮𝐧 𝐒𝐭𝐞𝐩𝐬 𝐈𝐧 𝐀𝐦𝐢𝐝 $𝟓𝟎𝟎𝐌 𝐅𝐫𝐚𝐮𝐝 𝐂𝐥𝐚𝐢𝐦𝐬

After alleging First Digital Trust (#FDT ) was insolvent, #JustinSun has now intervened to stabilise $TUSD , which faced a $500M liquidity shortfall due to alleged fraud by issuer Techteryx.

Reports suggest TUSD reserves were stuck in illiquid assets, raising fresh concerns over stablecoin transparency and regulation, especially following #fdusd ’s depeg drama.

Are stablecoins facing a trust crisis? 🤔