Home Blockchain ‘Revolution’ Promised by Tron’s Justin Sun Looks Like Clone of Terra’s Algorithmic Stablecoin

‘Revolution’ Promised by Tron’s Justin Sun Looks Like Clone of Terra’s Algorithmic Stablecoin

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‘Revolution’ Promised by Tron’s Justin Sun Looks Like Clone of Terra’s Algorithmic Stablecoin

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JustLend, the biggest of the three, has $1.9 billion of deposits, but only $67 million borrowed, meaning that only 3.5% of the funds are actually used. JustStables, a DeFi system that already issues a dollar-pegged stablecoin (USDJ) on Tron, has $1.3 billion in deposits, but only $288 million in stablecoins were minted. And SunSwap, the third largest protocol, has very little activity outside of trading Tron’s native cryptocurrency, TRX.

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