Justin Sun, the founder of Tron (TRX), has been on the agenda with various crypto money processes in recent weeks. Gigantic processes drew attention through his accounts known to be related to him. However, Sun took the rumors out with his statement. Specifically, he stated that rumors of him selling his USDC stablecoin were false. He said the processes with Circle are only internal fund allocation and allocation. He pointed out that he used the funds to invest in six coins. Here are the details…
Sun made a statement about the latest cryptocurrency processes
Tron founder Justin Sun explained the reasons behind the USDC processes with Circle in a tweet on Oct. So far, Justin Sun has transferred approximately $236 million to Circle. He stated that processes with Circle do not have USDC cash outflows. He said it was just internal fund allocation and allocation. He pointed out many repeated USDC processes with Circle. Sun used the following words:
The rumor of withdrawals is not the truth. The process with USDC Circle is internal capital allocation only. We are extremely optimistic about crypto, we are hiring strongly and we are increasing legal tenders in Dominica.
TRON and the Dominican government established a subsidiary
Koindeks.com As we reported, the Dominican government has partnered with smart contract blockchain platform Tron to issue Dominica Coin (DMC), a token that supports the natural and cultural heritage of the Caribbean nation. Developed on the Tron Blockchain, the DMC token will use the mechanics of a fan token. Fan tokens are normally associated with sports teams. It allows token holders to vote on governance issues, such as the choice of colors on jerseys.
The project will “help support Dominica’s global fascination for its natural heritage and tourist attractions,” the Dominican government said in a press release. Sun also stated that it has increased its investments in tokens such as Huobi Token (HT), Bittorrent (BTT), Just (JST), NFT and SUN, which are included in the Tron (TRX) ecosystem with its processes.
Sun’s latest transactions
The address known to be Justin Sun’s in the last 24 hours has moved 50 million BUSD from Aave. As it is known, BUSD is Binance’s USD-pegged stablecoin. In addition, Sun transferred 70 million to Paxos. In addition, another address revealed that 72 million USDC was withdrawn from Binance. These funds were subsequently transferred to Circle. Earlier, Justin Sun moved USDC to Circle and 20 million TUSD to Binance on October 14. In addition, on October 17, Aave withdrew 100 million USDT from V2 and transferred 100 thousand TUSD to another funded address. After Sun became a member of Huobi’s Global Application Council, a great deal of progress was made.