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Ethereum World News 2022-05-16 18:20:43

Tron’s Justin Sun Commits $10m in USDD to Assist Smallholders Hardest Hit by UST’s Depegging

Quick summary: Tron’s Justin Sun has offered to set aside $10 million in USDD to assist the average UST investor affected by the depegging of the stablecoin Mr. Sun was responding to a similar idea by Ethereum’s Vitalik Buterin, calling for ‘coordinated sympathy and relief for the average UST smallholder’ Mr. Butern also cited the existing FDIC insurance and Singapore’s employment laws as possible formulas to help smallholders of digital assets affected by events such as those surrounding UST and […]

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