News Explorer — Justin Sun Has Almost Complete Control of StUSDT: Report

Onchain data reveals that Justin Sun has almost complete control over stUSDT, a product that promises yield on tethers in exchange for investments in real-world assets. Despite claims of being governed by a decentralized autonomous organization (DAO), no evidence of such governance structures can be found. The concentration of stUSDT holdings on both Tron and Ethereum is concerning, with a significant portion believed to be controlled by Sun and Sun-connected entities.

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Reuters

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Justin Sun Has Almost Complete Control of StUSDT: Report

Onchain data reveals that Justin Sun has almost complete control over stUSDT, a product that promises yield on tethers i… Read Summary

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Aug 2, 4:18 pm

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