ChainCatcher 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 from USDT, USDD, or USD 1:1, supporting cross-chain assets as collateral. It is planned to be used for liquidity mining and lending on platforms like SUN.io and DeFi JUST, with the first entry being native sTRX staking rewards.
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River announces a $8 million strategic investment from TRON DAO to advance ecosystem integration
ChainCatcher 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 from USDT, USDD, or USD 1:1, supporting cross-chain assets as collateral. It is planned to be used for liquidity mining and lending on platforms like SUN.io and DeFi JUST, with the first entry being native sTRX staking rewards.