Tron Founder Justin Sun Addresses Controversy After Bitcoin Removal From USDD’s Collateral
Summary
Justin Sun faced backlash for removing over $700 million in Bitcoin from USDD's collateral reserves on the Tron network without the Tron DAO Reserve's vote. The move raised concerns about the stablecoin's decentralization and transparency. Sun claimed that the mechanism works like MakerDAO's DAI and defended the removal, stating that any collateral holder can withdraw funds freely without approval. However, critics questioned the transparency and raised discrepancies in Sun's explanation.
