ChainCatcher news reports that, according to River officials, TRON founder and HTX advisor 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.
River’s launched stablecoin satUSD can be minted 1:1 with USDT, USDD, or USD, supporting cross-chain assets as collateral. It is planned to be used for liquidity mining and lending on platforms such as SUN.io and DeFi JUST, with the primary entry point being native sTRX staking rewards.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
River announces a $8 million strategic investment from TRON DAO to advance ecosystem integration
ChainCatcher news reports that, according to River officials, TRON founder and HTX advisor 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.
River’s launched stablecoin satUSD can be minted 1:1 with USDT, USDD, or USD, supporting cross-chain assets as collateral. It is planned to be used for liquidity mining and lending on platforms such as SUN.io and DeFi JUST, with the primary entry point being native sTRX staking rewards.