The controversial crypto entrepreneur explains how an algorithmic stablecoin can still succeed while denying rumors he was behind the de-pegging of Terra’s failed UST.
Tron, an Ethereum competitor blockchain, is the latest to launch an algorithmic stablecoin inspired by the success of Terra’s UST. It has lofty goals for USDD, but not much else.
Sina Estavi says he’s trying to make it right with holders of BRG, the token that crashed after his arrest in Iran last year. Investors have their doubts.
The Tron founder has been a prominent supporter of crypto fundraisers for Ukraine during Russia's invasion. But a comment posted only across his Chinese social media sent a more complicated message.