Justin Sun has withdrawn $730 million worth of bitcoins from the USDD reserve without DAO approval
TRON founder Justin Sun has withdrawn a total of 12,000 BTC worth $730 million from the USDD stablecoin reserve without approval of the move from the TRON DAO quorum, according to X (Twitter) user under the nickname Symbio.
He also noted that the asset's collateral now consists almost entirely of TRX tokens. This is confirmed by data from the official website. According to them, the USDD reserve includes 10.9 billion TRX and 18.9 million USDT.
At the same time, it follows from the information on the portal that the asset is secured by 226.48%. Its total capitalization is 744.2 million.
