Justin Sun Saves TUSD from Liquidity Crisis, Court Documents Reveal

Techteryx, issuer of the stablecoin TUSD, suffered a major financial setback when over $456 million in reserves were trapped in illiquid investments. Court filings reveal this reserve shortfall stemmed from loans to resource development projects in emerging markets that couldn’t be easily redeemed. Despite not holding an official advisory role, Tron founder Justin Sun stepped in with vital funding to stabilize TUSD and restore confidence during the liquidity crisis. This intervention by Sun effectively rescued Techteryx’s TrueUSD stablecoin after nearly half a billion dollars of reserves were trapped.