Justin Sun’s Bold $420M Bitcoin Bet Backed by stUSDT

Justin Sun has made a daring move by opening a massive $420 million LONG position on Bitcoin. He’s using $460 million of his stablecoin, stUSDT, as collateral for this high-stakes bet.

stUSDT, created by Sun, has a significant presence on the HTX (Huobi) exchange, where 89% of it is held.

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